Hazelmere Compliance Ltd
RegTech SaaS · United Kingdom
Overview
£700K
1 Sept 2023
1 Sept 2027
£256.8K
£580K
82.9%
£58K
10.0%
9.4%
Credit & Runway
T3M EBITDA burn avg
(£21.6K)
RML (runway, current)
n/a
T3M cash burn avg
(£16.9K)
Cash-out date
n/a
excl. debt service
n/a incl. debt service
Today → cash-out → maturity
excl. debt serviceincl. debt service
Performance
Revenue vs EBITDA
Cash vs Debt
Maturity Sept 2027 (+15mo) — beyond chart window
Customer Movement
New vs churned per month · net line
CRR Migration
24 months · rating stable over the window
Key Metrics
as of Q2 2026 · comparisons vs prior quarter
Portfolio-standard
ARR
£1.4M
Growth
22.0%
NRR
97.5%
Rule of 40
42.0%
Gross annualised churn
1.3%
Burn multiple
0.0x
Retention movement
Upsell
1.9%
Downsell
1.0%
Annualised, same base as gross churn: NRR ≈ 100% + upsell − downsell − gross churn.
Detail
Monthly Financial Detail
24 monthly periods · 8 quarter subtotals · T12M · GBP
| Line Item | Jul 24 | Aug 24 | Sept 24 | Q3 2024 | Oct 24 | Nov 24 | Dec 24 | Q4 2024 | Jan 25 | Feb 25 | Mar 25 | Q1 2025 | Apr 25 | May 25 | Jun 25 | Q2 2025 | Jul 25 | Aug 25 | Sept 25 | Q3 2025 | Oct 25 | Nov 25 | Dec 25 | Q4 2025 | Jan 26 | Feb 26 | Mar 26 | Q1 2026 | Apr 26 | May 26 | Jun 26 | Q2 2026 | T12M |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ARR | £898.4K | £913.8K | £937.8K | £937.8K | £953.1K | £977.2K | £994.8K | £994.8K | £1M | £1M | £1M | £1M | £1.1M | £1.1M | £1.1M | £1.1M | £1.1M | £1.2M | £1.2M | £1.2M | £1.2M | £1.2M | £1.2M | £1.2M | £1.2M | £1.3M | £1.3M | £1.3M | £1.3M | £1.3M | £1.4M | £1.4M | £1.4M |
| YoY % | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 25.2% | 27.3% | 26.4% | — | 25.4% | 23.7% | 23.6% | — | 23.3% | 23.6% | 22.4% | — | 22.6% | 22.5% | 22.0% | — | — |
| Revenue | £74.9K | £76.2K | £78.1K | £229.2K | £79.4K | £81.4K | £82.9K | £243.8K | £84.1K | £85.9K | £87.2K | £257.2K | £89.5K | £91.3K | £93.1K | £273.9K | £93.7K | £96.9K | £98.8K | £289.4K | £99.6K | £100.7K | £102.4K | £302.8K | £103.7K | £106.2K | £106.8K | £316.6K | £109.8K | £111.8K | £113.6K | £335.1K | £1.2M |
| YoY % | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 25.2% | 27.3% | 26.4% | — | 25.4% | 23.7% | 23.6% | — | 23.3% | 23.6% | 22.4% | — | 22.6% | 22.5% | 22.0% | — | — |
| Gross Margin % | 72.0% | 72.3% | 72.7% | 72.3% | 73.0% | 73.4% | 73.7% | 73.4% | 74.1% | 74.4% | 74.8% | 74.4% | 75.1% | 75.5% | 75.8% | 75.5% | 76.2% | 76.5% | 76.9% | 76.5% | 77.2% | 77.6% | 77.9% | 77.6% | 78.3% | 78.6% | 79.0% | 78.6% | 79.3% | 79.7% | 80.0% | 79.7% | 78.2% |
| OpEx | -£50.2K | -£50.8K | -£51.9K | -£152.8K | -£52.5K | -£53.6K | -£54.3K | -£160.3K | -£54.9K | -£55.7K | -£56.3K | -£166.9K | -£57.5K | -£58.4K | -£59.3K | -£175.1K | -£59.4K | -£61.1K | -£62K | -£182.5K | -£62.2K | -£62.6K | -£63.3K | -£188.1K | -£63.9K | -£65K | -£65.1K | -£193.9K | -£66.5K | -£67.5K | -£68.1K | -£202.1K | -£766.6K |
| EBITDA | £3.7K | £4.3K | £4.9K | £13K | £5.5K | £6.2K | £6.8K | £18.6K | £7.5K | £8.2K | £8.9K | £24.6K | £9.7K | £10.5K | £11.3K | £31.6K | £12K | £13.1K | £14K | £39K | £14.7K | £15.5K | £16.5K | £46.8K | £17.4K | £18.5K | £19.3K | £55.1K | £20.5K | £21.6K | £22.7K | £64.9K | £205.8K |
| EBITDA Margin % | 5.0% | 5.7% | 6.3% | — | 7.0% | 7.6% | 8.3% | — | 8.9% | 9.6% | 10.2% | — | 10.9% | 11.5% | 12.2% | — | 12.8% | 13.5% | 14.1% | — | 14.8% | 15.4% | 16.1% | — | 16.7% | 17.4% | 18.0% | — | 18.7% | 19.3% | 20.0% | — | — |
| Operating Cash Burn (CF) | -£1.9K | -£1K | -£469 | -£3.4K | £240 | £548 | £1.3K | £2.1K | £2K | £3K | £3.6K | £8.5K | £5K | £5.8K | £5.9K | £16.7K | £6.6K | £8.2K | £8.7K | £23.6K | £9.4K | £10.7K | £12.1K | £32.2K | £13K | £14.2K | £14.2K | £41.3K | £15.4K | £16.8K | £18.5K | £50.7K | £147.8K |
| CF from Investments | -£1.5K | -£1.5K | -£1.6K | -£4.6K | -£1.6K | -£1.6K | -£1.7K | -£4.9K | -£1.7K | -£1.7K | -£1.7K | -£5.1K | -£1.8K | -£1.8K | -£1.9K | -£5.5K | -£1.9K | -£1.9K | -£2K | -£5.8K | -£2K | -£2K | -£2K | -£6.1K | -£2.1K | -£2.1K | -£2.1K | -£6.3K | -£2.2K | -£2.2K | -£2.3K | -£6.7K | -£24.9K |
| New Equity (CF) | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Cash (BS) | £241.6K | £234.1K | £227K | £227K | £220.7K | £214.6K | £209.2K | £209.2K | £204.5K | £200.8K | £197.6K | £197.6K | £195.8K | £194.8K | £193.9K | £193.9K | £193.6K | £194.8K | £196.6K | £196.6K | £199K | £202.7K | £207.7K | £207.7K | £213.6K | £220.7K | £227.7K | £227.7K | £235.9K | £245.5K | £256.8K | £256.8K | £256.8K |
| Debt (BS) | £695K | £690K | £685K | £685K | £680K | £675K | £670K | £670K | £665K | £660K | £655K | £655K | £650K | £645K | £640K | £640K | £635K | £630K | £625K | £625K | £620K | £615K | £610K | £610K | £605K | £600K | £595K | £595K | £590K | £585K | £580K | £580K | £580K |
| RML | 129.1 mo | 227.3 mo | 484.1 mo | — | n/a | n/a | n/a | — | n/a | n/a | n/a | — | n/a | n/a | n/a | — | n/a | n/a | n/a | — | n/a | n/a | n/a | — | n/a | n/a | n/a | — | n/a | n/a | n/a | — | — |
Balance-Sheet Changes
24 monthly movements · GBP
| Line Item | Jul 24 | Aug 24 | Sept 24 | Oct 24 | Nov 24 | Dec 24 | Jan 25 | Feb 25 | Mar 25 | Apr 25 | May 25 | Jun 25 | Jul 25 | Aug 25 | Sept 25 | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Receivables | £0 | £771 | £1.2K | £768 | £1.2K | £883 | £746 | £1K | £794 | £1.4K | £1.1K | £1.1K | £342 | £1.9K | £1.1K | £489 | £667 | £1K | £774 | £1.5K | £357 | £1.8K | £1.2K | £1.1K |
| Trade Payables | £0 | £237 | £454 | £228 | £447 | £270 | £240 | £334 | £256 | £465 | £367 | £339 | £51 | £686 | £368 | £64 | £176 | £283 | £214 | £448 | £37 | £580 | £380 | £271 |
| Deferred Revenue | £0 | £1.2K | £1.9K | £1.2K | £1.9K | £1.4K | £1.2K | £1.7K | £1.3K | £2.2K | £1.7K | £1.8K | £548 | £3.1K | £1.8K | £782 | £1.1K | £1.6K | £1.2K | £2.3K | £571 | £2.9K | £2K | £1.7K |
| Cash | £0 | -£7.6K | -£7K | -£6.3K | -£6.1K | -£5.4K | -£4.7K | -£3.7K | -£3.1K | -£1.8K | -£1K | -£943 | -£238 | £1.2K | £1.8K | £2.4K | £3.7K | £5K | £5.9K | £7.1K | £7K | £8.2K | £9.6K | £11.3K |
| Debt | £0 | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K | -£5K |
Quarter Update
Auto-drafted from this quarter's figures — review before use.
Hazelmere Compliance Ltd closed the period with ARR of £1.4M (22.0% YoY), a Rule of 40 score of 42.0% and a burn multiple of 0.0x.
Operating cash burn has improved for the 23rd consecutive month, averaging -£16.9K over the last three months. Runway stands at n/a, with cash-out projected n/a.
Gross annualised churn stands at 1.3% against net revenue retention of 97.5%.
Analyst Notes
- Priya Nair·24 Jun 2026
Q2 management accounts reconcile to the monthly reporting pack — cash bridge ties out with no unexplained movements. Comfortable with the reported position for this review.
- Tom Beckett·11 Jun 2026
Flagged the step-up in S&M spend in the trailing quarter; management confirm it is front-loaded pipeline investment rather than a run-rate change. Revisit at the next review.
08:04 GMT
Last sync · 13/15 borrower feeds synced