How much does Drain IT Solutions LLP make?

Drain IT Solutions LLP reported revenue of £294k and a loss of £267k in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Drain IT Solutions LLP have?

Drain IT Solutions LLP reported an average of 5 employees in the year to 31 Mar 2023.

Is Drain IT Solutions LLP profitable?

No — Drain IT Solutions LLP reported a loss of £267k in the year to 31 Mar 2023.

Company No. OC420128

Drain IT Solutions LLPDissolved

Registered name: DRAIN IT SOLUTIONS LLP

Drain IT Solutions LLP made £294k revenue and a £267k loss in the year to 31 Mar 2023.

Drain IT Solutions LLP’s revenue grew 30% to £294k in the year to 31 Mar 2023, with a loss of £267k and 5 employees. We hold 2 years of its filed accounts. It is no longer on the Companies House register.

Full P&L filed

This company is no longer on the Companies House register. Figures are from its last filed accounts.

Status: Dissolved

Last filed accounts · year to 31 Mar 2023

Key figures

IndependentSmall team

Revenue

£294k

Growth ▲30.3%

Profit

−£267k

Growth —

Profit margin

−90.6%

Employees

Change 0%

Profit / employee

−£53.3k

Revenue/employee £58.9k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£226k	£294k
Profit after tax	−£338k	−£267k
Profit (best available)	−£338k	−£267k
Employees (average)	5	5
Ratios
Profit margin	−149.5%	−90.6%
Revenue per employee	£45.2k	£58.9k
Profit per employee	−£67.6k	−£53.3k
Growth (year on year)
Revenue growth	—	▲30.3%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£8.6k	£28
Net assets	—	—
Current assets	£29.6k	£38.6k
Debtors	£3.1k	£38.6k
Source	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2023

Derived from the latest filing

How the business works

Profit margin: −90.6%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £58.9k; Revenue ÷ average employees.
Profit per employee: −£53.3k; 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: 13.1%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▼100%; Now £28
Headcount: 0%; Now 5
Deferred income: —; Now —
Fixed assets: —; Now —

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2023 (profit −£267k), from the Companies House accounts bulk data published Oct 2023. 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.