How much does Sylvera Ltd make?

Sylvera Ltd reported revenue of £3.8m and a loss of £15.6m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Sylvera Ltd have?

Sylvera Ltd reported an average of 133 employees in the year to 31 Dec 2023.

Is Sylvera Ltd profitable?

No — Sylvera Ltd reported a loss of £15.6m in the year to 31 Dec 2023.

Company No. 12382318 · Incorporated 2 Jan 2020

Sylvera Ltd

Registered name: SYLVERA LTD

Sylvera Ltd made £3.8m revenue and a £15.6m loss in the year to 31 Dec 2023.

Sylvera Ltd’s revenue grew 117% to £3.8m in the year to 31 Dec 2023, with a loss of £15.6m and 133 employees. The company is classified under “business and domestic software development” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62012Business and domestic software development

Status: Active
Location: London, London
Age: 6 yrs · since 2020
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

Independent

Revenue

£3.8m

Growth ▲117.5%

Profit

−£15.6m

Growth —

Profit margin

−409.9%

Gross 77.4%

Employees

133

Change ▲33%

Profit / employee

−£117k

Revenue/employee £28.6k

Profitable streak

0yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£1.8m	£3.8m
Cost of sales	£927k	£859k
Gross profit	£824k	£2.9m
Operating profit	−£12.2m	−£16.1m
Profit before tax	−£12.2m	−£15.6m
Profit after tax	−£11.3m	−£15.6m
Profit (best available)	−£11.3m	−£15.6m
Employees (average)	100	133
Ratios
Profit margin	−644.1%	−409.9%
Gross margin	47.1%	77.4%
Revenue per employee	£17.5k	£28.6k
Profit per employee	−£113k	−£117k
Growth (year on year)
Revenue growth	—	▲117.5%
Headcount growth	—	▲33%
Balance sheet — indirect signals, not revenue
Cash at bank	£29.2m	£46.8m
Net assets	£30.9m	£48.1m
Fixed assets	£1m	£750k
Current assets	£32.1m	£49.9m
Debtors	£646k	£1.4m
Deferred income	£1.5m	£2.1m
Source	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Mar 2025

Derived from the latest filing

How the business works

Profit margin: −409.9%; Profit ÷ revenue.
Gross margin: 77.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £28.6k; Revenue ÷ average employees.
Profit per employee: −£117k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 19.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 54%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 36%; 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: ▲56%; Now £48.1m
Cash at bank: ▲60%; Now £46.8m
Headcount: ▲33%; Now 133
Deferred income: ▲39%; Now £2.1m
Fixed assets: ▼28%; Now £750k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£15.6m), from the Companies House accounts bulk data published Mar 2025. 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.