Cushon Group Limited
Registered name: CUSHON GROUP LIMITED
Part of Willis Towers Watson Public Limited Company groupCushon Group Limited made a £17m loss in the year to 31 Dec 2023 (revenue not disclosed).
Cushon Group Limited reported a loss of £17m in the year to 31 Dec 2023; its revenue was not disclosed. It had 114 employees. The company is classified under “activities of financial services holding companies” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 9 yrs · since 2017
- 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
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2023 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Profit only | Profit only |
| Profit & loss | ||
| Revenue (turnover) | — | — |
| Operating profit | −£11.3m | −£17m |
| Profit before tax | −£11.3m | −£17m |
| Profit after tax | −£10.6m | −£17m |
| Profit (best available) | −£10.6m | −£17m |
| Staff costs | £6.1m | £8.6m |
| Employees (average) | 71 | 114 |
| Ratios | ||
| Profit margin | — | — |
| Profit per employee | −£150k | −£149k |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.2m | £977k |
| Net assets | £10.9m | £3.1m |
| Fixed assets | £6m | £6.1m |
| Current assets | £14.4m | £5.6m |
| Debtors | £13.2m | £4.7m |
| Deferred income | £172k | £1.3m |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- −£149k
- 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.
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 £3.1m
- Cash at bank
- —
- Now £977k
- Headcount
- —
- Now 114
- Deferred income
- —
- Now £1.3m
- Fixed assets
- —
- Now £6.1m
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
- Willis Towers Watson Public Limited Company (registered outside the UK register)ultimate parent75–100%
- Willis Investment UK Holdings Limited75–100%
- WTW Cushon Holdings Limited75–100%
- Cushon Holdings Limited75–100%
- Cushon Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (3)
- Cushon MT LimitedRev. £1.7m · Profit −£10.4m
- Cushon Money LimitedRev. £219k · Profit £142k
- Better With Money LtdRev. £180k · Profit £76.5k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£17m), 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.