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Company No. 10760312 · Incorporated 9 May 2017

Naga Funding Limited

Registered name: NAGA FUNDING LIMITED

Part of The Law Debenture Corporation P.L.C. group

Naga Funding Limited made £20.7m revenue and a £13.6m loss in the year to 31 Dec 2023.

Naga Funding Limited’s revenue grew 56% to £20.7m in the year to 31 Dec 2023, with a loss of £13.6m. The company is classified under “financial intermediation not elsewhere classified” and is based in Basildon; we hold 3 years of its filed accounts.

Full P&L filedSIC 64999Financial intermediation not elsewhere classified
Status
Liquidation
Location
Basildon
Age
9 yrs · since 2017
Type
Private Limited Company
Latest accounts · year to 31 Dec 2023

Key figures

Revenue
£20.7m
Growth ▲56.5%
Profit
−£13.6m
Growth ▼406.6%
Profit margin
−65.9%
Gross −4.6%
Employees
—
Change —
Profit / employee
—
 
Profitable streak
0yrs
Consecutive profitable years in our data
3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202131 Dec 202231 Dec 2023
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£4.8m£13.2m£20.7m
Cost of sales−£5.5m−£11.5m−£21.6m
Gross profit−£617k£1.7m−£943k
Operating profit£4.4m£4.4m−£13.6m
Profit before tax£4.4m£4.4m−£13.6m
Profit after tax£4.4m£4.4m−£13.6m
Profit (best available)£4.4m£4.4m−£13.6m
Employees (average)———
Ratios
Profit margin90.6%33.6%−65.9%
Gross margin−12.7%13.1%−4.6%
Growth (year on year)
Revenue growth—▲172.2%▲56.5%
Profit growth—▲1%▼406.6%
Balance sheet — indirect signals, not revenue
Net assets———
SourceAccounts · bulk data Aug 2023Accounts · bulk data Aug 2023Accounts · bulk data Jul 2024
Derived from the latest filing

How the business works

Profit margin
−65.9%
Profit ÷ revenue.
Gross margin
−4.6%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
—
Revenue ÷ average employees.
Profit per employee
—
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.
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
—
Now —
Cash at bank
—
Now —
Headcount
—
Now —
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. The Law Debenture Corporation P.L.C.ultimate parent75–100%
  2. The Law Debenture Intermediary Corporation P.L.C.75–100%
  3. Naga Funding Limitedthis company

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

Sister companies (53)

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

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2023 (profit −£13.6m), from the Companies House accounts bulk data published Jul 2024. Spotted an error? Request a correction.

Updated from Companies House on 19 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.