Haynes and Boone CDG LLP
Registered name: HAYNES AND BOONE CDG LLP
Haynes and Boone CDG LLP made £17m revenue and £0 profit in the year to 31 Mar 2025.
Haynes and Boone CDG LLP’s revenue fell 10% to £17m in the year to 31 Mar 2025, with £0 profit and 50 employees. The company is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 20 yrs · since 2006
- Type
- Limited Liability Partnership
Partnership. Profit is shown before the partners' own pay, so margins aren't comparable with a limited company. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £12.1m | £16.1m | £19m | £17m |
| Cost of sales | £4.2m | £6.4m | £8.3m | £7.1m |
| Gross profit | £7.9m | £9.8m | £10.6m | £10m |
| Operating profit | £4.1m | £5.4m | £5.1m | £2.6m |
| Profit after tax | £0 | £0 | £0 | £0 |
| Profit (best available) | £0 | £0 | £0 | £0 |
| Staff costs | £4.9m | £5m | £6.4m | £6.5m |
| Employees (average) | 34 | 36 | 45 | 50 |
| Ratios | ||||
| Profit margin | 0% | 0% | 0% | 0% |
| Gross margin | 65.4% | 60.5% | 56.1% | 58.6% |
| Revenue per employee | £355k | £447k | £422k | £341k |
| Profit per employee | £0 | £0 | £0 | £0 |
| Cash conversion | −95% | −90.7% | −85.1% | −116.6% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲33.6% | ▲17.8% | ▼10.3% |
| Headcount growth | — | ▲5.9% | ▲25% | ▲11.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.2m | £850k | £572k | £967k |
| Net assets | — | — | — | — |
| Fixed assets | £644k | £261k | £125k | £111k |
| Current assets | £5.9m | £6.9m | £7.8m | £11.9m |
| Debtors | £1.7m | £1.9m | £2.6m | £2.6m |
| Cash from operations | −£3.9m | −£4.9m | −£4.4m | −£3m |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 0%
- Profit ÷ revenue.
- Gross margin
- 58.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £341k
- Revenue ÷ average employees.
- Profit per employee
- £0
- Profit ÷ average employees.
- Cash conversion
- −116.6%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 15.5%
- 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
- ▲69%
- Now £967k
- Headcount
- ▲11%
- Now 50
- Deferred income
- —
- Now —
- Fixed assets
- ▼11%
- Now £111k
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £0), from the Companies House accounts bulk data published Dec 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.