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CORRELA LIMITED

Active Solihull

Other business support service activities n.e.c.

348 employees Website
Software Vertical-specific SaaS Other business support service activities n.e.c.
C

CORRELA LIMITED

Other business support service activities n.e.c.

Founded 4 Dec 2020 Active Solihull, England 348 employees correla.com
Software Vertical-specific SaaS Other business support service activities n.e.c.
Accounts Submitted 18 Sept 2025
Confirmation Statement Submitted 1 Oct 2025
Net assets £16.00M £6.11M 2024 year on year
Total assets £31.55M £3.46M 2024 year on year
Total Liabilities £15.55M £2.65M 2024 year on year
Charges 2
2 outstanding

AI Analysis

AI Analysis

Analyze director networks, ownership patterns, and company connections

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Contact & Details

Contact

Update Details

Registered Address

Lansdowne Gate 65 New Road Solihull B91 3DL England

Office ()

Solihull, Solihull, United Kingdom, Europe

Website

correla.com

Credit Report

Discover CORRELA LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

See All Mutual Companies

Financials

Financials

Period 1 Jan → 31 Dec 2024
Type Total Exemption Full
Next accounts 31 December 2025
Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2021–2024)

Cash in Bank

£14.44M

Increased by £5.23M (+57%)

Net Assets

£16.00M

Increased by £6.11M (+62%)

Total Liabilities

£15.55M

Decreased by £2.65M (-15%)

Turnover

£69.57M

Decreased by £940.00k (-1%)

Employees

348

Decreased by 40 (-10%)

Debt Ratio

49%

Decreased by 16 (-25%)
See 10 Year Full Financials

Financial History

Revenue, profit, EBITDA and key financial figures

2024
Dec Year End
2023
Dec Year End
P&L
Revenue
£142.3M
£128.7M
Gross Profit
£48.2M
£43.1M
Operating Profit
£22.4M
£19.8M
Net Profit
£18.1M
£15.9M
EBITDA
£31.5M
£28.2M
Assets
Cash
£24.7M
£21.3M
Total Assets
£89.4M
£82.1M
Liabilities
Total Liabilities
£45.2M
£41.8M
Key Metrics
Employees
1,247
1,156
Latest Revenue
£142.3M
Latest EBITDA
£31.5M
Cash Position
£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share Capital

Share allotments and capital structure

2 Allotments 5,350,000 Shares £8.50m Total
Date FromShare ClassShares AllottedAmount RaisedPrice/Share
17 Dec 20245,000,000£5.00m£1
1 Mar 2021350,000£3.50m£10

Officers

Officers

5 active 5 resigned
Status
Alexander Robert JessupDirectorBritishEngland4717 Oct 2022Active
Andrew Frank SzaboDirectorBritishEngland4531 Mar 2021Active
Sandra Louise SimpsonDirectorBritishEngland5231 Mar 2021Active
Sarah Barbara TromansDirectorBritishEngland443 Nov 2023Active
Sian Julia JonesDirectorBritishEngland474 Dec 2020Active

Shareholders

Shareholders (1)

Project Mercury Bidco Limited
100.0%
5,350,0011 Oct 2025

Persons with Significant Control

Persons with Significant Control (1)

1 Active 1 Ceased

Project Mercury Bidco Limited

United Kingdom

Active
Notified 31 Mar 2021
Nature of Control
  • Ownership Of Shares 75 To 100 Percent
  • Voting Rights 75 To 100 Percent
  • Right To Appoint And Remove Directors

Xoserve Limited

Ceased 31 Mar 2021

Ceased
See All Controllers

Group Structure

Group Structure

PROJECT MERCURY BIDCO LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
PROJECT MERCURY TOPCO LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
NORTHEDGE CAPITAL III GP LLP united kingdom voting rights 25 to 50 percent limited liability partnership, right to share surplus assets 25 to 50 percent limited liability partnership
NORTHEDGE CAPITAL FUND I GP LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent
NORTHEDGE CAPITAL FOUNDER GP LIMITED united kingdom shares 75 to 100 percent
NORTHEDGE CAPITAL CORPORATE LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent
NORTHEDGE CAPITAL LLP united kingdom
CORRELA LIMITED Current Company
CLIMANET LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
CLOUD KB LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

Charges

Charges

2 outstanding

Documents

Company Filings

DateCategoryDescriptionDocument
28 Nov 2025MortgageMortgage Create With Deed With Charge Number Charge Creation DateView(71 pages)
27 Nov 2025MortgageMortgage Create With Deed With Charge Number Charge Creation DateView(54 pages)
27 Nov 2025MortgageMortgage Create With Deed With Charge Number Charge Creation DateView(60 pages)
27 Nov 2025MortgageMortgage Satisfy Charge FullView(1 page)
24 Nov 2025MortgageMortgage Satisfy Charge FullView(1 page)
28 Nov 2025 Mortgage

Mortgage Create With Deed With Charge Number Charge Creation Date

View Document(71 pages)
27 Nov 2025 Mortgage

Mortgage Create With Deed With Charge Number Charge Creation Date

View Document(54 pages)
27 Nov 2025 Mortgage

Mortgage Create With Deed With Charge Number Charge Creation Date

View Document(60 pages)
27 Nov 2025 Mortgage

Mortgage Satisfy Charge Full

View Document(1 page)
24 Nov 2025 Mortgage

Mortgage Satisfy Charge Full

View Document(1 page)

Recent Activity

Latest Activity

Mortgage Create With Deed With Charge Number Charge Creation Date

2 months ago on 28 Nov 2025

Mortgage Create With Deed With Charge Number Charge Creation Date

2 months ago on 27 Nov 2025

Mortgage Create With Deed With Charge Number Charge Creation Date

2 months ago on 27 Nov 2025

Mortgage Satisfy Charge Full

2 months ago on 27 Nov 2025

Mortgage Satisfy Charge Full

2 months ago on 24 Nov 2025