DLM Midco I Limited
Registered name: DLM MIDCO I LIMITED
DLM Midco I Limited made £424m revenue and a £2.1m loss in the year to 31 Dec 2024.
DLM Midco I Limited’s revenue grew 139% to £424m in the year to 31 Dec 2024, with a loss of £2.1m and 1,710 employees. The company is classified under “non-trading company” and is based in Braintree; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Braintree, East of England
- Age
- 3 yrs · since 2023
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £177m | £424m |
| Cost of sales | −£128m | −£326m |
| Gross profit | £48.8m | £98.1m |
| Operating profit | £3.1m | £8.4m |
| Profit before tax | −£1.2m | £470k |
| Profit after tax | −£2.2m | −£2.1m |
| Profit (best available) | −£2.2m | −£2.1m |
| Employees (average) | 1,670 | 1,710 |
| Ratios | ||
| Profit margin | −1.3% | −0.5% |
| Gross margin | 27.5% | 23.2% |
| Revenue per employee | £106k | £248k |
| Profit per employee | −£1.3k | −£1.2k |
| Growth (year on year) | ||
| Revenue growth | — | ▲139.1% |
| Headcount growth | — | ▲2.4% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2025 |
How the business works
- Profit margin
- −0.5%
- Profit ÷ revenue.
- Gross margin
- 23.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £248k
- Revenue ÷ average employees.
- Profit per employee
- −£1.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲2%
- Now 1,710
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (1)
- DLM Midco II LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit −£2.1m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Updated from Companies House on 13 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.