Clover Technology Ltd
Registered name: CLOVER TECHNOLOGY LTD
Part of Spark Finance Group PLC groupClover Technology Ltd made £486k revenue and a £902k loss in the year to 31 Mar 2026. read from filing text
Clover Technology Ltd’s revenue grew 47% to £486k in the year to 31 Mar 2026, with a loss of £902k and 10 employees. The company is classified under “business and domestic software development” and is based in London; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 5 yrs · since 2021
- Type
- Private Limited Company
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. From the filing: “The parent company is Spark Finance Group PLC, a company registered in England & Wales, whose registered office is John Stow House, Bevis Marks, London, England, EC3A 7JB.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||||
| Revenue (turnover) | £25k | £21.8k | £54.6k | £331k | £486k |
| Cost of sales | £0 | £5.2k | £0 | — | — |
| Gross profit | £25k | £16.6k | £54.6k | — | — |
| Operating profit | — | — | −£1.1m | −£912k | −£939k |
| Profit before tax | −£410k | −£733k | −£1.1m | −£912k | −£938k |
| Profit after tax | −£410k | £628k | −£960k | −£537k | −£902k |
| Profit (best available) | −£410k | £628k | −£960k | −£537k | −£902k |
| Staff costs | £362k | £658k | £998k | £982k | £1.2m |
| Employees (average) | 5 | 9 | 11 | 10 | 10 |
| Ratios | |||||
| Profit margin | −1640% | 2882% | −1759% | −161.9% | −185.8% |
| Gross margin | 100% | 76.2% | 100% | — | — |
| Revenue per employee | £5k | £2.4k | £5k | £33.1k | £48.6k |
| Profit per employee | −£82k | £69.8k | −£87.3k | −£53.7k | −£90.2k |
| Growth (year on year) | |||||
| Revenue growth | — | ▼12.8% | ▲150.4% | ▲507.2% | ▲46.5% |
| Profit growth | — | — | ▼252.8% | — | — |
| Headcount growth | — | ▲80% | ▲22.2% | ▼9.1% | 0% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £86.3k | £41k | £16.7k | £140k | £10k |
| Net assets | −£381k | −£966k | −£1.7m | −£2.2m | −£3.1m |
| Fixed assets | £14.7k | £13.5k | £12.9k | £15.8k | £13.7k |
| Current assets | £89.2k | £46.6k | £39.3k | £468k | £169k |
| Debtors | £0 | £2k | £18.9k | £5k | £8.6k |
| Deferred income | £12.2k | £10.7k | £12.9k | £13.4k | £18.2k |
| Cash from operations | £355k | £677k | £889k | £825k | £707k |
| Source | FullAccounts · bulk data Oct 2023 | FullAccounts · bulk data Oct 2023 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −185.8%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £48.6k
- Revenue ÷ average employees.
- Profit per employee
- −£90.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1.8%
- 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
- ▼93%
- Now £10k
- Headcount
- 0%
- Now 10
- Deferred income
- ▲36%
- Now £18.2k
- Fixed assets
- ▼13%
- Now £13.7k
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
- Spark Finance Group PLCultimate parent75–100%
- Clover Technology Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Spark Finance LtdRev. £3.2m · Profit £6.7k
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2026 (profit −£902k), from the Companies House accounts bulk data published Sep 2026. 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.