How much does Cirata Ltd make?

Cirata Ltd reported revenue of £1.7m and a loss of £13.4m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Cirata Ltd have?

Cirata Ltd reported an average of 104 employees in the year to 31 Dec 2023.

Is Cirata Ltd profitable?

No — Cirata Ltd reported a loss of £13.4m in the year to 31 Dec 2023.

Company No. 06612293 · Incorporated 5 Jun 2008

Cirata Ltd

Registered name: CIRATA LTD

Part of Cirata Plc group

Cirata Ltd made £1.7m revenue and a £13.4m loss in the year to 31 Dec 2023.

Cirata Ltd’s revenue fell 51% to £1.7m in the year to 31 Dec 2023, with a loss of £13.4m and 104 employees. The company is classified under “business and domestic software development” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development

Status: Active
Location: London, London
Age: 18 yrs · since 2008
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.

Latest accounts · year to 31 Dec 2023

Key figures

Capital-light

Revenue

£1.7m

Growth ▼50.6%

Profit

−£13.4m

Growth —

Profit margin

−797.6%

Gross 81.5%

Employees

104

Change ▼10.3%

Profit / employee

−£129k

Revenue/employee £16.1k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3.4m	£1.7m
Cost of sales	£303k	£311k
Gross profit	£3.1m	£1.4m
Operating profit	−£14m	−£13.3m
Profit before tax	−£14m	−£13.3m
Profit after tax	−£13.8m	−£13.4m
Profit (best available)	−£13.8m	−£13.4m
Employees (average)	116	104
Ratios
Profit margin	−407.8%	−797.6%
Gross margin	91.1%	81.5%
Revenue per employee	£29.3k	£16.1k
Profit per employee	−£119k	−£129k
Growth (year on year)
Revenue growth	—	▼50.6%
Headcount growth	—	▼10.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.1m	£209k
Net assets	−£50.6m	−£63m
Fixed assets	£360k	£93.9k
Current assets	£2.8m	£1.3m
Debtors	£1.8m	£120k
Deferred income	£961k	£396k
Source	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2024

Derived from the latest filing

How the business works

Profit margin: −797.6%; Profit ÷ revenue.
Gross margin: 81.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £16.1k; Revenue ÷ average employees.
Profit per employee: −£129k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 23.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7.1%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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 −£63m
Cash at bank: ▼81%; Now £209k
Headcount: ▼10%; Now 104
Deferred income: ▼59%; Now £396k
Fixed assets: ▼74%; Now £93.9k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Cirata Plc (registered outside the UK register)ultimate parent75–100%
Cirata Ltdthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (2)

Cirata Group LtdFigures not disclosed
Cirata International LtdFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£13.4m), from the Companies House accounts bulk data published Oct 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.