Growup Farms Limited
Registered name: GROWUP FARMS LIMITED
Part of Sycamore Topco Limited groupGrowup Farms Limited made £2.9m revenue and a £17.5m loss in the year to 31 Dec 2024.
Growup Farms Limited’s revenue grew 404% to £2.9m in the year to 31 Dec 2024, with a loss of £17.5m and 73 employees. The company is classified under “growing of vegetables and melons, roots and tubers” and is based in Sandwich; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Sandwich, South East
- Age
- 13 yrs · since 2013
- 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. From the filing: “The Company's immediate parent company is GrowUp Group Limited , a company incorporated in England & Wales and the ultimate parent company and controlling party is Generate Capital, PBC, a company inc”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £578k | £2.9m |
| Cost of sales | — | — | £5.9m | £5.1m |
| Gross profit | — | — | £5.3m | £2.2m |
| Profit before tax | — | — | −£14.5m | −£17.5m |
| Profit after tax | — | — | −£14.6m | −£17.5m |
| Profit (best available) | — | — | −£14.6m | −£17.5m |
| Staff costs | — | — | £3.9m | £5.2m |
| Employees (average) | 6 | 8 | 39 | 73 |
| Ratios | ||||
| Profit margin | — | — | −2520% | −600.6% |
| Gross margin | — | — | 925.9% | 75.4% |
| Revenue per employee | — | — | £14.8k | £39.9k |
| Profit per employee | — | — | −£373k | −£240k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲404.1% |
| Headcount growth | — | ▲33.3% | ▲387.5% | ▲87.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £10.8m | £7.2m | £8.1m | £637k |
| Net assets | −£893k | −£6.1m | −£20.6m | −£28.2m |
| Fixed assets | £1.8m | £21.5m | £44.2m | £54m |
| Current assets | £13.1m | £14.7m | £16.4m | £3.9m |
| Debtors | £67.4k | £68.4k | £111k | £402k |
| Deferred income | £41.4k | £1.2m | £1.7m | £2.4m |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- −600.6%
- Profit ÷ revenue.
- Gross margin
- 75.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £39.9k
- Revenue ÷ average employees.
- Profit per employee
- −£240k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1854%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 83.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.8%
- 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
- —
- Now −£28.2m
- Cash at bank
- ▼92%
- Now £637k
- Headcount
- ▲87%
- Now 73
- Deferred income
- ▲42%
- Now £2.4m
- Fixed assets
- ▲22%
- Now £54m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Sycamore Topco Limitedultimate parent75–100%
- Sycamore Midco 1 Limited75–100%
- Sycamore Midco 2 Limited75–100%
- Growup Farms Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Buchanan Farms LtdFigures not disclosed
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 −£17.5m), from the Companies House accounts bulk data published Sep 2025. 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.