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Dave Thornton

Partner

Trellis HR

On plan

Performance and progression tooling for engineering organisations, built around calibrated review cycles.

HR Tech / SaaSSeries AUnited KingdomInvested May 22, 2023Lead: Kevin

Next board meeting

Tue, August 18

in 3 weeks

Status rationale: Growing to plan, with the first two enterprise logos live and referenceable.Updated Jul 18, 2026

ARR

£3.3m

Budget: £3.2m+3%

ARR Growth

38.0%

Budget: 36.0%+6%

Cash Balance

£4.6m

Budget: £4.4m+5%

Net Burn

£0.2m

Budget: £0.3m-8%

Runway

19.2 mo

Budget: 16.9 mo+14%

Gross Margin

79.0%

Budget: 76.0%+4%

Net Revenue Retention

112.0%

Budget: 108.0%+4%

Churn

3.9%

Budget: 4.5%-13%

Pipeline Value

£4.7m

Budget: £4.3m+9%

ARR Trend (last 5 quarters)

  • £1.6m
    Q2 25
  • £2.0m
    Q3 25
  • £2.5m
    Q4 25
  • £2.9m
    Q1 26
  • £3.3m
    Q2 26

Metrics

Actuals vs plan, with extraction confidence.

Metrics
MetricValuevs. planConfidence
ARR£3.3mOn plan
89%
ARR Growth38.0%On plan
85%
Cash Balance£4.6mOn plan
93%
Net Burn£0.2mOn plan
80%
Runway19.2 moOn plan
74%
Gross Margin79.0%On plan
46%
Net Revenue Retention112.0%On plan
54%
Churn3.9%On plan
49%
Pipeline Value£4.7mOn plan
37%