Ivory Retail Co
On planOwn-brand homeware retailer selling direct to consumer, with a small concession footprint in department stores.
Retail / D2CSeries BUnited KingdomInvested Nov 19, 2020Lead: Isabella
Next board meeting
Tue, August 11
in 2 weeks
Status rationale: Trading in line with plan through the quarter, with gross margin holding despite freight cost pressure.Updated Jul 21, 2026
ARR
£12.6m
Budget: £12.4m+2%
ARR Growth
14.0%
Budget: 13.5%+4%
Cash Balance
£5.8m
Budget: £5.5m+5%
Net Burn
£0.3m
Budget: £0.3m-11%
Runway
18.7 mo
Budget: 15.7 mo+19%
Gross Margin
52.0%
Budget: 51.0%+2%
Net Revenue Retention
108.0%
Budget: 105.0%+3%
Churn
4.4%
Budget: 5.0%-12%
Pipeline Value
£6.9m
Budget: £6.6m+5%
ARR Trend (last 5 quarters)
- £9.4mQ2 25
- £10.2mQ3 25
- £11.1mQ4 25
- £11.9mQ1 26
- £12.6mQ2 26
Metrics
Actuals vs plan, with extraction confidence.
| Metric | Value | vs. plan | Confidence |
|---|---|---|---|
| ARR | £12.6m | On plan | 90% |
| ARR Growth | 14.0% | On plan | 86% |
| Cash Balance | £5.8m | On plan | 94% |
| Net Burn | £0.3m | On plan | 80% |
| Runway | 18.7 mo | On plan | 75% |
| Gross Margin | 52.0% | On plan | 47% |
| Net Revenue Retention | 108.0% | On plan | 56% |
| Churn | 4.4% | On plan | 52% |
| Pipeline Value | £6.9m | On plan | 41% |