Devon Contractors (Holdings) Limited
Registered name: DEVON CONTRACTORS (HOLDINGS) LIMITED
Part of Devon Contractors (Topco) Limited groupDevon Contractors (Holdings) Limited made £20.2m revenue and £44k profit in the year to 31 May 2024.
Devon Contractors (Holdings) Limited’s revenue fell 11% to £20.2m in the year to 31 May 2024, with £44k profit and 36 employees. The company is classified under “dormant company” and is based in Clyst ST Mary; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Clyst ST Mary, South West
- Age
- 5 yrs · since 2021
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2022 | 31 May 2023 | 31 May 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £27m | £22.6m | £20.2m |
| Cost of sales | £26.4m | £22m | £19.2m |
| Gross profit | £643k | £645k | £962k |
| Operating profit | £1.7k | −£8.3k | £258k |
| Profit before tax | −£2k | £4.6k | £315k |
| Profit after tax | £19.6k | £24.4k | £44k |
| Profit (best available) | £19.6k | £24.4k | £44k |
| Staff costs | £2.4m | £2m | £2.1m |
| Employees (average) | 42 | 39 | 36 |
| Ratios | |||
| Profit margin | 0.1% | 0.1% | 0.2% |
| Gross margin | 2.4% | 2.9% | 4.8% |
| Revenue per employee | £643k | £580k | £561k |
| Profit per employee | £468 | £626 | £1.2k |
| Cash conversion | 167282% | — | 364.2% |
| Growth (year on year) | |||
| Revenue growth | — | — | ▼10.7% |
| Profit growth | — | — | ▲80.3% |
| Headcount growth | — | — | ▼7.7% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £31 | £97 | £74 |
| Net assets | £23.6k | £40k | £41.8k |
| Fixed assets | £372k | £336k | £294k |
| Current assets | £9.1m | £5.6m | £5.6m |
| Debtors | £3.9m | £2.5m | £1.5m |
| Cash from operations | £2.9m | −£2m | £941k |
| Source | Accounts · bulk data Jan 2024 | Accounts · bulk data Jan 2024 | FullAccounts · bulk data Feb 2025 |
How the business works
- Profit margin
- 0.2%
- Profit ÷ revenue.
- Gross margin
- 4.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £561k
- Revenue ÷ average employees.
- Profit per employee
- £1.2k
- Profit ÷ average employees.
- Cash conversion
- 364.2%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 7.6%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲5%
- Now £41.8k
- Cash at bank
- ▼24%
- Now £74
- Headcount
- ▼8%
- Now 36
- Deferred income
- —
- Now —
- Fixed assets
- ▼13%
- Now £294k
Group structure
Ownership chain
- Devon Contractors (Topco) Limitedultimate parent75–100%
- Devon Contractors (Holdings) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Devon Contractors LimitedRev. £23m · Profit £341k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 May 2024 (profit £44k), from the Companies House accounts bulk data published Feb 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.