Caneline Limited
Registered name: CANELINE LIMITED
Part of Mercury Holdco I Limited groupCaneline Limited made £2.1m revenue and a £133k loss in the year to 31 Dec 2024.
Caneline Limited’s revenue grew 18% to £2.1m in the year to 31 Dec 2024, with a loss of £133k and 22 employees. The company is classified under “other information technology service activities” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 45 yrs · since 1981
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £1.5m | £1.8m | £2.1m |
| Cost of sales | −£151k | −£168k | −£233k |
| Gross profit | £1.3m | £1.6m | £1.9m |
| Operating profit | −£294k | −£330k | −£85k |
| Profit before tax | −£266k | −£272k | −£33k |
| Profit after tax | −£377k | −£272k | −£133k |
| Profit (best available) | −£377k | −£272k | −£133k |
| Employees (average) | 18 | 21 | 22 |
| Ratios | |||
| Profit margin | −25.5% | −15% | −6.2% |
| Gross margin | 89.8% | 90.7% | 89.1% |
| Revenue per employee | £82.1k | £86.2k | £97.3k |
| Profit per employee | −£20.9k | −£13k | −£6k |
| Growth (year on year) | |||
| Revenue growth | — | ▲22.6% | ▲18.2% |
| Headcount growth | — | ▲16.7% | ▲4.8% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −6.2%
- Profit ÷ revenue.
- Gross margin
- 89.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £97.3k
- Revenue ÷ average employees.
- Profit per employee
- −£6k
- 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
- ▲5%
- Now 22
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Mercury Holdco I Limited (registered outside the UK register)ultimate parent75–100%
- Mercury Midco I Limited75–100%
- Mercury Midco II Limited75–100%
- Mercury Bidco Globe Limited75–100%
- GGM Holdings Limited75–100%
- GGM Human Resources Limited75–100%
- MMGG Acquisition Limited75–100%
- Morson Group Limited50–75%
- Beacon Computer Services Limited75–100%
- Caneline Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit −£133k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 22 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.