Acorah Newco Limited
The principal activities of Acorah Newco Limited (the "Parent company") and its subsidiary company (together the "Group") comprise of the design, build, quality control, marketing, sales and support of software products under the TaxCalc brand. The year ended 31 March 2024 has been an extremely successful year for the Group with revenues increasing by 17% to £13,031k (2023: £11,179k). Growth was driven by customer acquisition across all demographics and incremental revenue generated from additional product sales to existing customers all underpinned by continued investment into new products whilst increasing features, benefits, functionality and integration within our existing product suite. Key performance indicators for the year ended 31 March 2024 2024 2023 Growth Revenue £13,031k £11,179k 17% Operating profit £1,794k £1,574k 7% Profit after tax £2,327k £1,583k 47% Year ending cash balance £2,425k £2,277k 7% Year ending employee numbers 115 110 5%
Revenue
£13.0m
▲ +16.6% vs prior ~12m period
Profit after tax
£2.3m
Margin 13.8%
Employees
115
▲ +9.5% vs prior ~12m period
Net assets
£6.5m
Total assets £12.1m
Financial history
Revenue by accounting period
2 periods available · ▲ growth ▼ decline
| Period end | Revenue | Growth | Profit before tax | Employees | Net assets |
|---|---|---|---|---|---|
| 31 Mar 2024 | £13.0m | ▲ +16.6% | £1.7m | 115 | £6.5m |
| 31 Mar 2023 | £11.2m | — | £1.6m | 105 | £5.1m |
Latest available figures
Period ending 31 Mar 2024. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.
These are the most recent accounts available to us; more recent accounts may exist at Companies House.
Profit & loss
- Revenue
- £13.0m
- Gross profit
- £9.3m
- Operating profit
- £1.8m
- Profit before tax
- £1.7m
- Profit after tax
- £2.3m
Balance sheet
- Total assets
- £12.1m
- Cash
- £2.4m
- Total liabilities
- £5.6m
- Net assets
- £6.5m
- Revenue per employee
- £113k