CLOUDCOCO GROUP PLC

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -65%

  £27,524,000 → £9,638,000

• Cash

  -39.1%

  £1,042,000 → £635,000

• Net assets

  +123.7%

  -£2,092,000 → £495,000

• Employees

  -77.6%

  85 → 19

• Operating profit

  +84.6%

  -£2,336,000 → -£359,000

• Profit before tax

  +85.6%

  -£3,368,000 → -£486,000

• Wages

  -15.2%

  £534,000 → £453,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. CLOUDCOCO GROUP PLC 2019-11-29 → present
2. ADEPT4 PLC 2016-06-13 → 2019-11-29
3. PINNACLE TECHNOLOGY GROUP PLC 2012-04-04 → 2016-06-13
4. PINNACLE TELECOM GROUP PLC 2009-03-09 → 2012-04-04
5. GLEN GROUP PLC 2004-10-14 → 2009-03-09

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Barnes Roffe Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing the Group's ability to continue as a going concern, the Directors have reviewed forecast sales growth, budgets, and cash projections for the period to 31 March 2027, including sensitivity analysis on key assumptions such as the potential impact of reduced sales or slower cash receipts. Based on these assumptions, the Directors have reasonable expectations that the Group and the Company have adequate resources to continue operations for at least one year from the date of approval of these financial statements and accordingly continue to adopt the going concern basis in preparing these financial statements.”

Group structure

1. CLOUDCOCO GROUP PLC · parent
   1. CloudCoCo Holdings Limited 100% · Scotland · Intermediate holding company
   2. Systems Assurance Limited 100% · England and Wales · IT Managed Services
   3. More Computers Limited 100% · England and Wales · IT Hardware e-commerce

Significant events

• “disposal of its legacy managed services businesses”
• “strategic growth initiative, Project Brightstar, designed to accelerate the Group's expansion in the B2B technology procurement market and support the scaling of revenues beyond the Group's initial £10 million target”
• “shareholders approved a capital reorganisation and a subscription for new ordinary shares, expected to raise £275,000 (gross)”
• “On 31 October 2024, the Company disposed of its entire interests in CloudCoCo Limited and CloudCoCo Connect Limited for total cash proceeds of £7.4 million.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

3

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.