Snap Bidco Limited
Registered name: SNAP BIDCO LIMITED
Part of Synova LLP groupSnap Bidco Limited made £12.9m revenue and a £2.4m loss in the year to 31 Mar 2025.
Snap Bidco Limited’s revenue grew 26% to £12.9m in the year to 31 Mar 2025, with a loss of £2.4m and 71 employees. The company is classified under “activities of other holding companies” and is based in Exeter; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Exeter
- Age
- 4 yrs · since 2022
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £5.3m | £10.3m | £12.9m |
| Cost of sales | −£1.4m | −£2.9m | −£4.5m |
| Gross profit | £3.9m | £7.4m | £8.4m |
| Operating profit | −£934k | −£2m | −£1.4m |
| Profit before tax | −£1.6m | −£3m | −£2.3m |
| Profit after tax | −£2m | −£3.5m | −£2.4m |
| Profit (best available) | −£2m | −£3.5m | −£2.4m |
| Employees (average) | — | — | 71 |
| Ratios | |||
| Profit margin | −37.2% | −34.2% | −18.7% |
| Gross margin | 73.6% | 71.7% | 65% |
| Revenue per employee | — | — | £182k |
| Profit per employee | — | — | −£34k |
| Growth (year on year) | |||
| Revenue growth | — | ▲92.3% | ▲26% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Mar 2025 | Accounts · bulk data Mar 2025 | Accounts · bulk data Jan 2026 |
How the business works
- Profit margin
- −18.7%
- Profit ÷ revenue.
- Gross margin
- 65%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £182k
- Revenue ÷ average employees.
- Profit per employee
- −£34k
- 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.
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 —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 71
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Synova LLPultimate parent75–100%
- Synova Capital Corporate I Limited75–100%
- Synova Capital GP 6 Limited50–75%
- Unity Five Group Limited75–100%
- Snap Midco Limited75–100%
- Snap Bidco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (3)
- Chipside LimitedFigures not disclosed
- Ecom6 LimitedFigures not disclosed
- Unity Five LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2025 (profit −£2.4m), from the Companies House accounts bulk data published Jan 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.