Adarma Limited
Registered name: ADARMA LIMITED
Part of Livingbridge Ep LLP groupAdarma Limited made £44.7m revenue and a £80.5k loss in the year to 31 Dec 2023.
Adarma Limited’s revenue fell 6% to £44.7m in the year to 31 Dec 2023, with a loss of £80.5k and 324 employees. The company is classified under “information technology consultancy activities” and is based in Glasgow; we hold 3 years of its filed accounts.
- Status
- In Administration
- Location
- Glasgow
- Age
- 14 yrs · since 2012
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £43.2m | £47.4m | £44.7m |
| Cost of sales | −£28.9m | −£33.7m | −£29.6m |
| Gross profit | £14.3m | £13.7m | £15.1m |
| Operating profit | £1.3m | £95.2k | −£16.1k |
| Profit before tax | £1.3m | £95.2k | −£16.1k |
| Profit after tax | £1.2m | −£9.9k | −£80.5k |
| Profit (best available) | £1.2m | −£9.9k | −£80.5k |
| Employees (average) | 299 | 332 | 324 |
| Ratios | |||
| Profit margin | 2.7% | 0% | −0.2% |
| Gross margin | 33.1% | 28.9% | 33.8% |
| Revenue per employee | £144k | £143k | £138k |
| Profit per employee | £3.9k | −£30 | −£248 |
| Growth (year on year) | |||
| Revenue growth | — | ▲9.8% | ▼5.6% |
| Profit growth | — | ▼100.8% | — |
| Headcount growth | — | ▲11% | ▼2.4% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2023 | Accounts · bulk data Sep 2023 | Accounts · bulk data Jan 2025 |
How the business works
- Profit margin
- −0.2%
- Profit ÷ revenue.
- Gross margin
- 33.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £138k
- Revenue ÷ average employees.
- Profit per employee
- −£248
- 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 324
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Livingbridge Ep LLPultimate parent50–75%
- Project Excalibur Topco Limited75–100%
- Project Excalibur Midco 1 Limited75–100%
- Project Excalibur Midco 2 Limited75–100%
- Project Excalibur Bidco Limited75–100%
- Adarma Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Vacta Ltd.LiquidationFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2023 (profit −£80.5k), from the Companies House accounts bulk data published Jan 2025. Spotted an error? Request a correction.
Updated from Companies House on 19 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.