Edam Group Limited
Registered name: EDAM GROUP LIMITED
Part of Commodore Limited groupEdam Group Limited made £26.5m revenue and a £2.8m loss in the year to 31 Mar 2023.
Edam Group Limited’s revenue fell 28% to £26.5m in the year to 31 Mar 2023, with a loss of £2.8m and 313 employees. The company is classified under “other business support service activities” and is based in Birmingham; we hold 3 years of its filed accounts.
- Status
- In Administration
- Location
- Birmingham
- Age
- 18 yrs · since 2008
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £26.7m | £36.7m | £26.5m |
| Cost of sales | −£20.8m | −£24.2m | −£15.8m |
| Gross profit | £5.9m | £12.4m | £10.8m |
| Operating profit | −£5.9m | −£2.1m | −£3.3m |
| Profit before tax | −£6.1m | −£2m | −£4.1m |
| Profit after tax | −£5.8m | −£2.4m | −£2.8m |
| Profit (best available) | −£5.8m | −£2.4m | −£2.8m |
| Employees (average) | 452 | 376 | 313 |
| Ratios | |||
| Profit margin | −21.8% | −6.5% | −10.6% |
| Gross margin | 22.1% | 33.9% | 40.6% |
| Revenue per employee | £59.1k | £97.5k | £84.8k |
| Profit per employee | −£12.9k | −£6.4k | −£9k |
| Growth (year on year) | |||
| Revenue growth | — | ▲37.1% | ▼27.6% |
| Headcount growth | — | ▼16.8% | ▼16.8% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jan 2023 | Accounts · bulk data Jan 2023 | Accounts · bulk data Apr 2024 |
How the business works
- Profit margin
- −10.6%
- Profit ÷ revenue.
- Gross margin
- 40.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £84.8k
- Revenue ÷ average employees.
- Profit per employee
- −£9k
- 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
- ▼17%
- Now 313
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Commodore Limited (registered outside the UK register)ultimate parent75–100%
- Edam Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (3)
- Garvins Law LimitedRev. £2.5m · Profit £125k
- Credit Repair LtdIn AdministrationFigures not disclosed
- Easi-Drive LimitedIn AdministrationFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2023 (profit −£2.8m), from the Companies House accounts bulk data published Apr 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.