SPARK
36-Month Cash Flow Forecast — Pre-Seed (£600K Raise)
SPARK Technologies Ltd • Prepared for Envestors LLP • Innovator Founder Visa Application • March 2026
Base Case
Worst Case
Model Assumptions
Free-to-Paid Conversion
20%
Monthly Churn Rate
12%
Growth Multiplier
1.0x
Blended ARPU (£)
£50
Event Ticket Price (£)
£40
Subscription Gross Margin
82%
Revenue vs Costs
Cumulative Cash Position
Total Members
Revenue Mix (Monthly)
Key Milestones
Month-by-Month Forecast