Acorah Newco Limited
Registered name: ACORAH NEWCO LIMITED
Part of Malbec Topco Limited groupAcorah Newco Limited made £13m revenue and £2.3m profit in the year to 31 Mar 2024.
Acorah Newco Limited’s revenue grew 17% to £13m in the year to 31 Mar 2024, with £2.3m profit and 2 employees. The company is classified under “dormant company” and is based in Wokingham; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Wokingham, South East
- Age
- 11 yrs · since 2015
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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 2023 | 31 Mar 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £11.2m | £13m |
| Cost of sales | £3.3m | £3.7m |
| Gross profit | £7.9m | £9.3m |
| Operating profit | £1.6m | £1.8m |
| Profit before tax | £1.6m | £1.7m |
| Profit after tax | £1.6m | £2.3m |
| Profit (best available) | £1.6m | £2.3m |
| Staff costs | £7.7m | £8.9m |
| Employees (average) | 2 | 2 |
| Ratios | ||
| Profit margin | 14.2% | 17.9% |
| Gross margin | 70.8% | 71.6% |
| Revenue per employee | £5.6m | £6.5m |
| Profit per employee | £791k | £1.2m |
| Cash conversion | −141.2% | −135.6% |
| Growth (year on year) | ||
| Revenue growth | — | ▲16.6% |
| Profit growth | — | ▲47% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £2.3m | £2.4m |
| Net assets | £628k | £1.3m |
| Fixed assets | £1.3m | £1.3m |
| Current assets | £6.6m | £8.5m |
| Debtors | £0 | £0 |
| Deferred income | £0 | £0 |
| Cash from operations | −£2.2m | −£2.4m |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 |
How the business works
- Profit margin
- 17.9%
- Profit ÷ revenue.
- Gross margin
- 71.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £6.5m
- Revenue ÷ average employees.
- Profit per employee
- £1.2m
- Profit ÷ average employees.
- Cash conversion
- −135.6%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 9.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▲101%
- Now £1.3m
- Cash at bank
- ▲7%
- Now £2.4m
- Headcount
- 0%
- Now 2
- Deferred income
- —
- Now £0
- Fixed assets
- 0%
- Now £1.3m
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
- Malbec Topco Limitedultimate parent75–100%
- Malbec Midco Limited75–100%
- Malbec Bidco Limited75–100%
- Acorah Newco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Acorah Software Products LimitedRev. £15.2m · Profit £3m
Sister companies (1)
- Client Engager Online LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £2.3m), from the Companies House accounts bulk data published Jun 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.