Xena Bidco Limited
Registered name: XENA BIDCO LIMITED
Part of Xena Midco1 Limited groupXena Bidco Limited made £263k revenue and a £10.9m loss in the year to 31 Dec 2024.
Xena Bidco Limited’s revenue grew 71% to £263k in the year to 31 Dec 2024, with a loss of £10.9m and 0 employees. The company is classified under “activities of head offices” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 3 yrs · since 2023
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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: “Xena Midco2 Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £154k | £263k |
| Cost of sales | £23k | £0 |
| Gross profit | £131k | £263k |
| Operating profit | −£38k | −£3.3m |
| Profit before tax | −£2.7m | −£10.9m |
| Profit after tax | −£2.7m | −£10.9m |
| Profit (best available) | −£2.7m | −£10.9m |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | −1780% | −4130% |
| Gross margin | 85.1% | 100% |
| Growth (year on year) | ||
| Revenue growth | — | ▲70.8% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £84k | £25k |
| Net assets | −£2.7m | −£13.6m |
| Current assets | £2.1m | £527k |
| Debtors | £2m | £502k |
| Deferred income | £262k | £162k |
| Source | FullAccounts · bulk data Apr 2026 | FullAccounts · bulk data Apr 2026 |
How the business works
- Profit margin
- −4130%
- Profit ÷ revenue.
- Gross margin
- 100%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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
- 61.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 190.9%
- 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 −£13.6m
- Cash at bank
- ▼70%
- Now £25k
- Headcount
- —
- Now 0
- Deferred income
- ▼38%
- Now £162k
- Fixed assets
- —
- Now —
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
- Xena Midco1 Limitedultimate parent75–100%
- Xena Midco2 Limited75–100%
- Xena Bidco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Xynteo LimitedRev. £4.8m · Profit −£2.8m
- Goodcorporation LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£10.9m), from the Companies House accounts bulk data published Apr 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.