How much does Rovco Limited make?

Rovco Limited reported revenue of £19.6m and a loss of £8.1m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Rovco Limited have?

Rovco Limited reported an average of 106 employees in the year to 31 Dec 2023.

Is Rovco Limited profitable?

No — Rovco Limited reported a loss of £8.1m in the year to 31 Dec 2023.

Company No. 09742877 · Incorporated 21 Aug 2015

Rovco Limited

Registered name: ROVCO LIMITED

Rovco Limited made £19.6m revenue and a £8.1m loss in the year to 31 Dec 2023.

Rovco Limited’s revenue grew 43% to £19.6m in the year to 31 Dec 2023, with a loss of £8.1m and 106 employees. The company is classified under “other professional, scientific and technical activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74909Other professional, scientific and technical activities n.e.c.

Status: Liquidation
Location: London, London
Age: 11 yrs · since 2015
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

IndependentCash flow filed

Revenue

£19.6m

Growth ▲43.5%

Profit

−£8.1m

Growth —

Profit margin

−41.5%

Gross 30.9%

Employees

106

Change ▲20.4%

Profit / employee

−£76.7k

Revenue/employee £185k

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)	£13.7m	£19.6m
Cost of sales	£10.7m	£13.1m
Gross profit	£812k	£6m
Operating profit	−£8.2m	−£8.9m
Profit before tax	−£8.7m	−£9.2m
Profit after tax	−£8.7m	−£8.1m
Profit (best available)	−£8.7m	−£8.1m
Staff costs	£6.5m	£8.7m
Employees (average)	88	106
Ratios
Profit margin	−63.8%	−41.5%
Gross margin	5.9%	30.9%
Revenue per employee	£155k	£185k
Profit per employee	−£99k	−£76.7k
Growth (year on year)
Revenue growth	—	▲43.5%
Headcount growth	—	▲20.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£8.5m	£1.1m
Net assets	£11.2m	£3.2m
Fixed assets	£4.8m	£6.5m
Current assets	£11.9m	£5.7m
Debtors	£2.3m	£2.2m
Deferred income	£586k	£2m
Cash from operations	−£9.7m	−£3.5m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: −41.5%; Profit ÷ revenue.
Gross margin: 30.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £185k; Revenue ÷ average employees.
Profit per employee: −£76.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 33.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 10.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.4%; 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: ▼72%; Now £3.2m
Cash at bank: ▼87%; Now £1.1m
Headcount: ▲20%; Now 106
Deferred income: ▲244%; Now £2m
Fixed assets: ▲36%; Now £6.5m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal 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 −£8.1m), from the Companies House accounts bulk data published Sep 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.