Ignite (Acorns) Limited
Registered name: IGNITE (ACORNS) LIMITED
Part of Kvika Banki Hf groupIgnite (Acorns) Limited made £3.3m revenue and a £258k loss in the year to 31 Mar 2025.
Ignite (Acorns) Limited’s revenue was £3.3m in the year to 31 Mar 2025, with a loss of £258k and 156 employees. The company is classified under “activities of other holding companies” and is based in Southampton.
- Status
- Active
- Location
- Southampton, South East
- Age
- 2 yrs · since 2024
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2025 |
|---|---|
| Disclosure | Full P&L |
| Profit & loss | |
| Revenue (turnover) | £3.3m |
| Cost of sales | £2m |
| Gross profit | £1.3m |
| Operating profit | £170k |
| Profit before tax | −£174k |
| Profit after tax | −£258k |
| Profit (best available) | −£258k |
| Staff costs | £2.3m |
| Employees (average) | 156 |
| Ratios | |
| Profit margin | −7.8% |
| Gross margin | 40.1% |
| Revenue per employee | £21.1k |
| Profit per employee | −£1.7k |
| Cash conversion | 391.8% |
| Balance sheet — indirect signals, not revenue | |
| Net assets | £5.1m |
| Fixed assets | £14.1m |
| Current assets | £392 |
| Debtors | £614k |
| Cash from operations | £667k |
| Source | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −7.8%
- Profit ÷ revenue.
- Gross margin
- 40.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £21.1k
- Revenue ÷ average employees.
- Profit per employee
- −£1.7k
- Profit ÷ average employees.
- Cash conversion
- 391.8%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 427.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 18.6%
- 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 £5.1m
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 156
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £14.1m
Group structure
Ownership chain
- Kvika Banki Hf (registered outside the UK register)ultimate parent75–100%
- Kvika Limited50–75%
- Ignite (Acorns) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Acorns (Southern) Holdings LimitedRev. £0 · Profit £68.4k
Sister companies (5)
- Albion Alma LimitedFigures not disclosed
- CHC Acquisition LimitedFigures not disclosed
- Kvika Advisory LtdFigures not disclosed
- Kvika Investment Management LtdFigures not disclosed
- Ortus Secured Finance LimitedFigures not disclosed
Minority corporate shareholders
- Encore Capital Xxvi Limited 25–50%
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£258k), from the Companies House accounts bulk data published Dec 2025. 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.