Koru Topco Limited
Registered name: KORU TOPCO LIMITED
Part of August Equity LLP groupKoru Topco Limited made £68.9m revenue and a £17.8m loss in the year to 31 Dec 2024.
Koru Topco Limited’s revenue grew 10% to £68.9m in the year to 31 Dec 2024, with a loss of £17.8m and 480 employees. The company is classified under “activities of other holding companies” and is based in Nottingham; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Nottingham
- Age
- 6 yrs · since 2019
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £40.1m | £62.9m | £68.9m |
| Cost of sales | −£16.5m | −£28.2m | −£31.5m |
| Gross profit | £23.5m | £34.8m | £37.4m |
| Operating profit | −£2.9m | −£4.3m | −£8.8m |
| Profit before tax | −£7m | −£11.8m | −£18.5m |
| Profit after tax | −£6.3m | −£11.4m | −£17.8m |
| Profit (best available) | −£6.3m | −£11.4m | −£17.8m |
| Employees (average) | 320 | 512 | 480 |
| Ratios | |||
| Profit margin | −15.7% | −18.1% | −25.8% |
| Gross margin | 58.7% | 55.3% | 54.2% |
| Revenue per employee | £125k | £123k | £144k |
| Profit per employee | −£19.6k | −£22.2k | −£37.1k |
| Growth (year on year) | |||
| Revenue growth | — | ▲57% | ▲9.5% |
| Headcount growth | — | ▲60% | ▼6.3% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Sep 2025 |
How the business works
- Profit margin
- −25.8%
- Profit ÷ revenue.
- Gross margin
- 54.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £144k
- Revenue ÷ average employees.
- Profit per employee
- −£37.1k
- 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 —
- Cash at bank
- —
- Now —
- Headcount
- ▼6%
- Now 480
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- August Equity LLPultimate parent75–100%
- August Equity Management Limited75–100%
- August Equity Partners V GP Limited75–100%
- August Equity Partners V General Partner LLP50–75%
- Koru Topco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Koru Midco 1 LimitedFigures not disclosed
Sister companies (2)
- Click Topco LimitedRev. £18m · Profit −£166k
- Pivot Topco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit −£17.8m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Updated from Companies House on 23 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.