Cushon MT Limited
Registered name: CUSHON MT LIMITED
Part of Willis Towers Watson Public Limited Company groupCushon MT Limited made £1.7m revenue and a £10.4m loss in the year to 31 Dec 2023.
Cushon MT Limited’s revenue was £1.7m in the year to 31 Dec 2023, with a loss of £10.4m and 5 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in London.
- Status
- Active
- Location
- London, London
- Age
- 6 yrs · since 2019
- 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
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 |
|---|---|
| Disclosure | Full P&L |
| Profit & loss | |
| Revenue (turnover) | £1.7m |
| Gross profit | £1.7m |
| Operating profit | £239k |
| Profit before tax | −£10.4m |
| Profit (best available) | −£10.4m |
| Staff costs | £85.5k |
| Employees (average) | 5 |
| Ratios | |
| Profit margin | −600.8% |
| Gross margin | 100% |
| Revenue per employee | £345k |
| Profit per employee | −£2.1m |
| Balance sheet — indirect signals, not revenue | |
| Cash at bank | £1.5m |
| Net assets | −£14.3m |
| Fixed assets | £36.7m |
| Current assets | £4.4m |
| Debtors | £91.6k |
| Deferred income | £509k |
| Source | FullAccounts · bulk data Sep 2024 |
How the business works
- Profit margin
- −600.8%
- Profit ÷ revenue.
- Gross margin
- 100%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £345k
- Revenue ÷ average employees.
- Profit per employee
- −£2.1m
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2129%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 29.5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 5.3%
- 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 −£14.3m
- Cash at bank
- —
- Now £1.5m
- Headcount
- —
- Now 5
- Deferred income
- —
- Now £509k
- Fixed assets
- —
- Now £36.7m
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 Limited75–100%
- Cushon MT Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Creative Benefit Solutions LimitedFigures not disclosed
- Cushon MT Ni LimitedFigures not disclosed
Sister companies (2)
- 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 −£10.4m), 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.