How much does Canary (Bidco) Limited make?

Canary (Bidco) Limited reported revenue of £383k and a loss of £500k in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Canary (Bidco) Limited have?

Canary (Bidco) Limited reported an average of 2 employees in the year to 31 Mar 2023.

Is Canary (Bidco) Limited profitable?

No — Canary (Bidco) Limited reported a loss of £500k in the year to 31 Mar 2023.

Company No. 14162639 · Incorporated 9 Jun 2022

Canary (Bidco) Limited

Registered name: CANARY (BIDCO) LIMITED

Part of Bowmark Capital LLP group

Canary (Bidco) Limited made £383k revenue and a £500k loss in the year to 31 Mar 2023.

Canary (Bidco) Limited’s revenue was £383k in the year to 31 Mar 2023, with a loss of £500k and 2 employees. The company is classified under “other business support service activities” and is based in Norwich.

Full P&L filedSection 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

£383k

Growth —

Profit

−£500k

Growth —

Profit margin

−130.6%

Gross 100%

Employees

Change —

Profit / employee

−£250k

Revenue/employee £192k

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.

1 filed year

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023
Disclosure	Full P&L
Profit & loss
Revenue (turnover)	£383k
Gross profit	£383k
Operating profit	−£145k
Profit before tax	−£652k
Profit after tax	−£500k
Profit (best available)	−£500k
Employees (average)	2
Ratios
Profit margin	−130.6%
Gross margin	100%
Revenue per employee	£192k
Profit per employee	−£250k
Balance sheet — indirect signals, not revenue
Net assets	−£500k
Current assets	£6.7m
Debtors	£6.7m
Deferred income	£22.9k
Source	Accounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: −130.6%; Profit ÷ revenue.
Gross margin: 100%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £192k; Revenue ÷ average employees.
Profit per employee: −£250k; 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: 6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1739%; 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 −£500k
Cash at bank: —; Now —
Headcount: —; Now 2
Deferred income: —; Now £22.9k
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

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

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

Subsidiaries (1)

Cornwall Insight Group LimitedRev. — · Profit −£1.7m

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2023 (profit −£500k), 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.