Vatre Terracotta LimitedDissolved
Vatre Terracotta Limited made £8.9m revenue and a £3.4m loss in the year to 30 Sep 2023.
Vatre Terracotta Limited’s revenue fell 53% to £8.9m in the year to 30 Sep 2023, with a loss of £3.4m and 67 employees. We hold 3 years of its filed accounts. It is no longer on the Companies House register.
- Status
- Dissolved
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The Ames Companies UK LImited (formerly Kelkay Limited)”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2021 | 30 Sep 2022 | 30 Sep 2023 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £19.2m | £19.2m | £8.9m |
| Cost of sales | £15.1m | £14.4m | £8.6m |
| Gross profit | £4.2m | £4.8m | £353k |
| Operating profit | £1.2m | £1.6m | −£3.4m |
| Profit before tax | £1.2m | £1.6m | −£3.4m |
| Profit after tax | £985k | £1.6m | −£3.4m |
| Profit (best available) | £985k | £1.6m | −£3.4m |
| Staff costs | £3m | £3.2m | £2.6m |
| Employees (average) | 90 | 84 | 67 |
| Ratios | |||
| Profit margin | 5.1% | 8.2% | −37.7% |
| Gross margin | 21.7% | 24.9% | 4% |
| Revenue per employee | £214k | £228k | £133k |
| Profit per employee | £10.9k | £18.7k | −£50.3k |
| Growth (year on year) | |||
| Revenue growth | — | ▼0.3% | ▼53.4% |
| Profit growth | — | ▲59.9% | ▼313.9% |
| Headcount growth | — | ▼6.7% | ▼20.2% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.8m | £2.4m | £4.1m |
| Net assets | £9.7m | £11.2m | £7.9m |
| Fixed assets | £101k | £134k | £188k |
| Current assets | £14.7m | £13.4m | £9.5m |
| Debtors | £9.7m | £5.1m | £2.3m |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | FullAccounts · bulk data Sep 2024 |
How the business works
- Profit margin
- −37.7%
- Profit ÷ revenue.
- Gross margin
- 4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £133k
- Revenue ÷ average employees.
- Profit per employee
- −£50.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 2.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 25.6%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼30%
- Now £7.9m
- Cash at bank
- ▲67%
- Now £4.1m
- Headcount
- ▼20%
- Now 67
- Deferred income
- —
- Now —
- Fixed assets
- ▲40%
- Now £188k
Sources
Latest figures from FullAccounts for the year to 30 Sep 2023 (profit −£3.4m), from the Companies House accounts bulk data published Sep 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.