GOODNOTES LIMITED

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

  +17%

  £88,744,381 → £103,841,066

• Cash

  +14.8%

  £9,405,171 → £10,793,308

• Net assets

  -2.4%

  -£47,779,267 → -£48,917,608

• Employees

  +56%

  50 → 78

• Operating profit

  -144.3%

  £3,027,058 → -£1,340,949

• Profit before tax

  -134.9%

  £3,274,395 → -£1,143,491

• Wages

  +46%

  £6,685,363 → £9,762,625

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Sumer Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the balance sheet date, the company has net current and net liabilities. The directors have confirmed that the fellow subsidiary company in which a large balance is owed to creating this position, will not call upon any funds unless the company has sufficient liquid assets to do so. The terms of the intra-group agreement allow this loan to be repaid over the useful life of the intangible asset, but is technically repayable on demand and so classified as such within current liabilities. Additionally, the companies EBITDA, adjusted to exclude any FX gains/losses, is c.£12.6m profit. The directors have also considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. Therefore, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resource to continue in operational existence for the foreseeable future. Thus the directors continuc to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. GOODNOTES LIMITED · parent
   1. Goodnotes Co., Ltd. 100% · Seoul, Republic of Korea · IT training services

Significant events

• “Goodnotes continues to invest heavily in its internal product development to support its strategy. The Goodnotes application, which features an industry-first digital paper powered by Al, was a major focus, with Ask Goodnotes, an Al-powered question and answer tool right in users' notebook launched during the financial year.”
• “The company also continued its product development in platforms of Android and Microsoft, as well as Goodnotes Marketplace and Goodnotes for Business. Goodnotes has grown its monthly active user base to approximately 24.8 million (2024: 24 million), building strong momentum from the previous year.”
• “Goodnotes delivers a market leading digital paper platform across a broad range of customer segments with a strong presence in markets such as the US, Germany, South Korea, Japan, and Thailand. Goodnotes was awarded Apple's 2022 iPad App of the Year for taking digital note-taking to the next level with best-in-class Apple Pencil support.”
• “Throughout FY25 and up to the date of this report, Goodnotes is continuing to focus on the innovation, including the launch of Goodnotes Essential, Goodnotes Pro and Al Pass, which features the Whiteboards, Text Documents, and Al Superpowers. Goodnotes will continue to expand into more functionality and customer segments.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.