Corethree Ltd
Registered name: CORETHREE LTD
Part of Modaxo Europe A/S groupCorethree Ltd made £311k profit in the year to 31 Dec 2024 (revenue not disclosed).
Corethree Ltd reported £311k profit in the year to 31 Dec 2024, up 250% on the year before; its revenue was not disclosed. It had 13 employees. The company is classified under “other information technology service activities” and is based in Chippenham; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Chippenham, South West
- Age
- 16 yrs · since 2009
- 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
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2022 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | No P&L | Profit only | Profit only | Profit only |
| Profit & loss | ||||
| Revenue (turnover) | — | — | — | — |
| Profit after tax | — | −£136k | £88.8k | £311k |
| Profit (best available) | — | −£136k | £88.8k | £311k |
| Employees (average) | — | 19 | 15 | 13 |
| Ratios | ||||
| Profit margin | — | — | — | — |
| Profit per employee | — | −£7.1k | £5.9k | £23.9k |
| Growth (year on year) | ||||
| Profit growth | — | — | — | ▲250.3% |
| Headcount growth | — | — | — | ▼13.3% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £846k | £180k | £26k | £22.1k |
| Net assets | £2.3m | £1.1m | £735k | £479k |
| Fixed assets | £1.2m | £971k | £662k | £75.1k |
| Current assets | £1.4m | £648k | £541k | £870k |
| Debtors | £237k | £406k | £376k | £349k |
| Deferred income | £110k | £191k | £143k | — |
| Source | Accounts · bulk data Nov 2023 | Accounts · bulk data Nov 2023 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- £23.9k
- 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
- ▼35%
- Now £479k
- Cash at bank
- ▼15%
- Now £22.1k
- Headcount
- ▼13%
- Now 13
- Deferred income
- —
- Now —
- Fixed assets
- ▼89%
- Now £75.1k
Group structure
Ownership chain
- Modaxo Europe A/S (registered outside the UK register)ultimate parent75–100%
- Modaxo Group UK Limited75–100%
- Corethree Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (5)
- Imperial Civil Enforcement Solutions LimitedRev. £15.5m · Profit £3.4m
- Aerivo Group UK LimitedFigures not disclosed
- Cammax LimitedRev. — · Profit £576k
- Intelliscape LimitedRev. — · Profit −£536k
- Taranto Systems LimitedRev. — · Profit £1.3m
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £311k), from the Companies House accounts bulk data published Jan 2026. 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.