London mental health platform grows 40% in "important and successful" year

A London mental health platform has announced that it expects its revenue to be ahead of market expectations with 40 per cent growth.

Digital mental health platform Kooth has reported that its underlying revenue for the financial year is expected to hit £12.5m, more than 40 per cent growth on last year.

Net cash at year end was £7.8m, with the group debt free following its IPO in September 2020.

Tim Barker, CEO of Kooth, commented: “2020 was a very important and successful year for Kooth, before and after our IPO.

“Our progress reflects our leading position supporting children and young people via the NHS, and early success with our expansion to support the NHS and Corporate adult market.

“We look forward to further progress in the year ahead.”