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Company No. 02874305 · Incorporated 23 Nov 1993

The Change Organisation Limited

Registered name: THE CHANGE ORGANISATION LIMITED

The Change Organisation Limited made £64.8m revenue and £848k profit in the year to 31 Mar 2024.

The Change Organisation Limited’s revenue fell 13% to £64.8m in the year to 31 Mar 2024, with £848k profit and 70 employees. The company is classified under “other information technology service activities” and is based in Canterbury; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities
Status
Active
Location
Canterbury, South East
Age
32 yrs · since 1993
Type
Private Limited Company
Latest accounts · year to 31 Mar 2024

Key figures

IndependentCapital-lightCash flow filed
Revenue
£64.8m
Growth ▼13.1%
Profit
£848k
Growth ▼20.4%
Profit margin
1.3%
Gross 11.2%
Employees
70
Change ▼2.8%
Profit / employee
£12.1k
Revenue/employee £925k
Profitable streak
2yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 202331 Mar 2024
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£74.5m£64.8m
Cost of sales£66.7m£57.5m
Gross profit£7.8m£7.2m
Operating profit£1.4m£1.2m
Profit before tax£1.3m£1.1m
Profit after tax£1.1m£848k
Profit (best available)£1.1m£848k
Staff costs£4.7m£4.2m
Employees (average)7270
Ratios
Profit margin1.4%1.3%
Gross margin10.5%11.2%
Revenue per employee£1m£925k
Profit per employee£14.8k£12.1k
Cash conversion−14.3%15.2%
Growth (year on year)
Revenue growth—▼13.1%
Profit growth—▼20.4%
Headcount growth—▼2.8%
Balance sheet — indirect signals, not revenue
Cash at bank£113k£108k
Net assets£4.7m£5.5m
Fixed assets£223k£205k
Current assets£14.8m£14.3m
Debtors£8.9m£7.5m
Deferred income£3.8m£4.4m
Cash from operations−£196k£188k
SourceFullAccounts · bulk data Oct 2024FullAccounts · bulk data Oct 2024
Derived from the latest filing

How the business works

Profit margin
1.3%
Profit ÷ revenue.
Gross margin
11.2%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£925k
Revenue ÷ average employees.
Profit per employee
£12.1k
Profit ÷ average employees.
Cash conversion
15.2%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.3%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
6.8%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
11.6%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

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
▲18%
Now £5.5m
Cash at bank
▼4%
Now £108k
Headcount
▼3%
Now 70
Deferred income
▲16%
Now £4.4m
Fixed assets
▼8%
Now £205k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £848k), from the Companies House accounts bulk data published Oct 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.