Druces LLP
Registered name: DRUCES LLP
Druces LLP made £11.9m revenue and £4.9m profit in the year to 31 Mar 2025. read from filing text
Druces LLP’s revenue fell 1% to £11.9m in the year to 31 Mar 2025, with £4.9m profit and 61 employees. The company is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 18 yrs · since 2007
- 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 | 30 Apr 2022 | 30 Apr 2023 | 30 Apr 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £11.2m | £11.4m | £12.1m | £11.9m |
| Operating profit | £3.4m | £3.5m | £4.3m | £4.2m |
| Profit after tax | £3.4m | £3.8m | £5.1m | £4.9m |
| Profit (best available) | £3.4m | £3.8m | £5.1m | £4.9m |
| Employees (average) | 63 | 60 | 56 | 61 |
| Ratios | ||||
| Profit margin | 30.4% | 33.6% | 42.4% | 41.2% |
| Revenue per employee | £177k | £190k | £215k | £195k |
| Profit per employee | £53.9k | £63.8k | £91.2k | £80.6k |
| Cash conversion | — | 99.2% | 86% | 102.6% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲1.9% | ▲5.9% | ▼1.2% |
| Profit growth | — | ▲12.7% | ▲33.4% | ▼3.8% |
| Headcount growth | — | ▼4.8% | ▼6.7% | ▲8.9% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | — | £625k | £572k | £924k |
| Net assets | — | £4m | £4.7m | £5.1m |
| Fixed assets | — | £70.9k | £19.9k | £25.4k |
| Debtors | — | £3.4m | £4.1m | £3.9m |
| Deferred income | — | £309k | £409k | £377k |
| Cash from operations | — | £3.5m | £3.7m | £4.3m |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2025 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 41.2%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £195k
- Revenue ÷ average employees.
- Profit per employee
- £80.6k
- Profit ÷ average employees.
- Cash conversion
- 102.6%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 32.6%
- 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
- ▲8%
- Now £5.1m
- Cash at bank
- ▲62%
- Now £924k
- Headcount
- ▲9%
- Now 61
- Deferred income
- ▼8%
- Now £377k
- Fixed assets
- ▲28%
- Now £25.4k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- D & a Nominees LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £4.9m), 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.