How much does Cadence Innova Ltd make?

Cadence Innova Ltd reported revenue of £15.6m and £1.3m profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Cadence Innova Ltd have?

Cadence Innova Ltd reported an average of 48 employees in the year to 31 Mar 2024.

Is Cadence Innova Ltd profitable?

Yes — Cadence Innova Ltd reported a profit of £1.3m in the year to 31 Mar 2024.

Company No. 10594707 · Incorporated 1 Feb 2017

Cadence Innova Ltd

Registered name: CADENCE INNOVA LTD

Part of Next 15 Group PLC group

Cadence Innova Ltd made £15.6m revenue and £1.3m profit in the year to 31 Mar 2024.

Cadence Innova Ltd’s revenue grew 12% to £15.6m in the year to 31 Mar 2024, with £1.3m profit and 48 employees. The company is classified under “management consultancy activities other than financial management” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 70229Management consultancy activities other than financial management

Status: Active
Location: London, London
Age: 9 yrs · since 2017
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 Mar 2024

Key figures

Capital-lightOperating leverageCash flow filed

Revenue

£15.6m

Growth ▲12.3%

Profit

£1.3m

Growth ▲137.1%

Profit margin

8.4%

Gross 17.1%

Employees

Change ▲11.6%

Profit / employee

£27.2k

Revenue/employee £325k

Profitable streak

2yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£13.9m	£15.6m
Cost of sales	—	£12.3m	£12.9m
Gross profit	—	£1.6m	£2.7m
Profit before tax	—	£680k	£1.7m
Profit after tax	—	£551k	£1.3m
Profit (best available)	—	£551k	£1.3m
Staff costs	—	£4.2m	£4.7m
Employees (average)	48	43	48
Ratios
Profit margin	—	4%	8.4%
Gross margin	—	11.7%	17.1%
Revenue per employee	—	£323k	£325k
Profit per employee	—	£12.8k	£27.2k
Growth (year on year)
Revenue growth	—	—	▲12.3%
Profit growth	—	—	▲137.1%
Headcount growth	—	▼10.4%	▲11.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.9m	£3.2m	£2m
Net assets	£3.6m	£4.1m	£5.4m
Fixed assets	£0	£37.8k	£28.5k
Current assets	£5m	£5.7m	£7.6m
Debtors	£2m	£2.3m	£2.6m
Deferred income	—	£85.3k	£437k
Cash from operations	—	−£490k	£1.1m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 8.4%; Profit ÷ revenue.
Gross margin: 17.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £325k; Revenue ÷ average employees.
Profit per employee: £27.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.6%; 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: ▲32%; Now £5.4m
Cash at bank: ▼37%; Now £2m
Headcount: ▲12%; Now 48
Deferred income: ▲412%; Now £437k
Fixed assets: ▼25%; Now £28.5k

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

Next 15 Group PLCultimate parent75–100%
Transform UK Consulting Limited75–100%
Cadence Innova Ltdthis company

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

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £1.3m), 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.