Qodea Technology Limited
Registered name: QODEA TECHNOLOGY LIMITED
Part of Marlin Ultimate Gp (Cayman) Llc, Acting In Its Capacity As General Partner Of Marlin Heritage Europe Ii, L.P. groupQodea Technology Limited made £73.5m revenue and £1.8m profit in the year to 31 Mar 2023. read from filing text
Qodea Technology Limited’s revenue grew 59% to £73.5m in the year to 31 Mar 2023, with £1.8m profit and 228 employees. The company is classified under “computer facilities management activities” and is based in Manchester; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Manchester, North West
- Age
- 20 yrs · since 2006
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £46.1m | £73.5m |
| Cost of sales | £38.6m | £67.7m |
| Gross profit | £7.5m | £5.8m |
| Operating profit | £4.7m | £2.1m |
| Profit before tax | £4.7m | £2.2m |
| Profit after tax | £4.1m | £1.8m |
| Profit (best available) | £4.1m | £1.8m |
| Employees (average) | 188 | 228 |
| Ratios | ||
| Profit margin | 8.9% | 2.4% |
| Gross margin | 16.3% | 7.8% |
| Revenue per employee | £245k | £322k |
| Profit per employee | £21.8k | £7.8k |
| Growth (year on year) | ||
| Revenue growth | — | ▲59.5% |
| Profit growth | — | ▼56.8% |
| Headcount growth | — | ▲21.3% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £7.7m | £11.9m |
| Net assets | £7.2m | £8.7m |
| Fixed assets | £174k | £171k |
| Current assets | £24.3m | £31.7m |
| Debtors | £10.5m | £13.1m |
| Source | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2023 |
How the business works
- Profit margin
- 2.4%
- Profit ÷ revenue.
- Gross margin
- 7.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £322k
- Revenue ÷ average employees.
- Profit per employee
- £7.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17.8%
- 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
- ▲21%
- Now £8.7m
- Cash at bank
- ▲55%
- Now £11.9m
- Headcount
- ▲21%
- Now 228
- Deferred income
- —
- Now —
- Fixed assets
- ▼2%
- Now £171k
Group structure
Ownership chain
- Marlin Ultimate Gp (Cayman) Llc, Acting In Its Capacity As General Partner Of Marlin Heritage Europe Ii, L.P. (registered outside the UK register)ultimate parent75–100%
- Ruby Topco Limited75–100%
- Ruby Midco I Limited75–100%
- Ruby Midco II Limited75–100%
- Ruby Bidco Limited75–100%
- Qodea Technology Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (3)
- Bynd LimitedFigures not disclosed
- Qodea LimitedFigures not disclosed
- TMC3 LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2023 (profit £1.8m), from the Companies House accounts bulk data published Nov 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.