Skip to content
CompanySight
Company No. 14161811 · Incorporated 9 Jun 2022

Canary (Midco 1) Limited

Registered name: CANARY (MIDCO 1) LIMITED

Part of Bowmark Capital LLP group

Canary (Midco 1) Limited made a £277k loss in the year to 31 Mar 2023 (revenue not disclosed).

Canary (Midco 1) Limited reported a loss of £277k in the year to 31 Mar 2023; its revenue was not disclosed. It had 2 employees. The company is classified under “other business support service activities” and is based in Norwich.

Profit onlySection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.
Status
Active
Location
Norwich, East of England
Age
4 yrs · since 2022
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.

Latest accounts · year to 31 Mar 2023

Key figures

Small team
Revenue
—
Not disclosed in filing
Profit
−£277k
Growth —
Profit margin
—
 
Employees
2
Change —
Profit / employee
−£139k
 
Profitable streak
0yrs
Consecutive profitable years in our data

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.

1 filed year

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 2023
DisclosureProfit only
Profit & loss
Revenue (turnover)—
Profit after tax−£277k
Profit (best available)−£277k
Employees (average)2
Ratios
Profit margin—
Profit per employee−£139k
Balance sheet — indirect signals, not revenue
Net assets£26.6m
Current assets£35.3m
Debtors£35.3m
Deferred income£349k
SourceAccounts · bulk data Dec 2023
Derived from the latest filing

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
−£139k
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.
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
—
Now £26.6m
Cash at bank
—
Now —
Headcount
—
Now 2
Deferred income
—
Now £349k
Fixed assets
—
Now —

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

Corporate ownership

Group structure

Ownership chain

  1. Bowmark Capital LLPultimate parent75–100%
  2. Bowmark Capital (Holdings) Limited75–100%
  3. Bowmark Capital Partners GP Limited75–100%
  4. Bowmark Growth GP LLP50–75%
  5. Canary (Midco 1) Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Minority corporate shareholders

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2023 (profit −£277k), from the Companies House accounts bulk data published Dec 2023. 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.