Altman Solon LLP
Registered name: ALTMAN SOLON LLP
Altman Solon LLP made £39.1m revenue and £0 profit in the year to 31 Dec 2023.
Altman Solon LLP’s revenue fell 17% to £39.1m in the year to 31 Dec 2023, with £0 profit and 70 employees. The company is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 7 yrs · since 2018
- 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 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £47m | £39.1m |
| Cost of sales | £12.4m | £9.9m |
| Gross profit | £34.5m | £29.2m |
| Operating profit | £18.2m | £12.7m |
| Profit after tax | £0 | £0 |
| Profit (best available) | £0 | £0 |
| Staff costs | £5.9m | £8.5m |
| Employees (average) | 48 | 70 |
| Ratios | ||
| Profit margin | 0% | 0% |
| Gross margin | 73.5% | 74.8% |
| Revenue per employee | £978k | £558k |
| Profit per employee | £0 | £0 |
| Growth (year on year) | ||
| Revenue growth | — | ▼16.8% |
| Headcount growth | — | ▲45.8% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £585k | £4.4m |
| Net assets | £7.1m | £10.4m |
| Fixed assets | £481k | £277k |
| Current assets | £21.1m | £29.9m |
| Debtors | £8.7m | £3.9m |
| Deferred income | £5.7m | £5.4m |
| Source | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Nov 2024 |
How the business works
- Profit margin
- 0%
- Profit ÷ revenue.
- Gross margin
- 74.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £558k
- Revenue ÷ average employees.
- Profit per employee
- £0
- Profit ÷ average employees.
- Cash conversion
- —
- 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
- 13.7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 10%
- 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
- ▲47%
- Now £10.4m
- Cash at bank
- ▲645%
- Now £4.4m
- Headcount
- ▲46%
- Now 70
- Deferred income
- ▼5%
- Now £5.4m
- Fixed assets
- ▼43%
- Now £277k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Minority corporate shareholders
- Altman Solon Uk Holdco Gmbh & Co Kg (registered outside the UK register)
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £0), from the Companies House accounts bulk data published Nov 2024. 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.