How much does Customchain Limited make?

Customchain Limited reported revenue of £18.8m and £3.9m profit in the year to 28 Feb 2023, according to its accounts filed at Companies House.

How many employees does Customchain Limited have?

Customchain Limited reported an average of 18 employees in the year to 28 Feb 2023.

Is Customchain Limited profitable?

Yes — Customchain Limited reported a profit of £3.9m in the year to 28 Feb 2023.

Company No. 03252334 · Incorporated 20 Sep 1996

Customchain Limited

Registered name: CUSTOMCHAIN LIMITED

Customchain Limited made £18.8m revenue and £3.9m profit in the year to 28 Feb 2023.

Customchain Limited’s revenue fell 5% to £18.8m in the year to 28 Feb 2023, with £3.9m profit and 18 employees. The company is classified under “non-specialised wholesale trade” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46900Non-specialised wholesale trade

Status: Active
Location: London, London
Age: 30 yrs · since 1996
Type: Private Limited Company

Latest accounts · year to 28 Feb 2023

Key figures

IndependentCapital-lightCash flow filed

Revenue

£18.8m

Growth ▼5.3%

Profit

£3.9m

Growth ▼16.6%

Profit margin

20.6%

Gross 33.8%

Employees

Change ▲12.5%

Profit / employee

£214k

Revenue/employee £1m

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 to	28 Feb 2022	28 Feb 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£19.8m	£18.8m
Cost of sales	£13.1m	£12.4m
Gross profit	£6.7m	£6.3m
Operating profit	£5.7m	£4.7m
Profit before tax	£5.7m	£4.7m
Profit after tax	£4.6m	£3.9m
Profit (best available)	£4.6m	£3.9m
Staff costs	£785k	£894k
Employees (average)	16	18
Ratios
Profit margin	23.4%	20.6%
Gross margin	33.9%	33.8%
Revenue per employee	£1.2m	£1m
Profit per employee	£289k	£214k
Cash conversion	−49.4%	−36.7%
Growth (year on year)
Revenue growth	—	▼5.3%
Profit growth	—	▼16.6%
Headcount growth	—	▲12.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.4m	£1.8m
Net assets	£7m	£10.9m
Fixed assets	£146k	£704k
Current assets	£12.5m	£14.5m
Debtors	£56.3k	£32.1k
Deferred income	£12.5k	£46.1k
Cash from operations	−£2.8m	−£1.7m
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023

Derived from the latest filing

How the business works

Profit margin: 20.6%; Profit ÷ revenue.
Gross margin: 33.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1m; Revenue ÷ average employees.
Profit per employee: £214k; Profit ÷ average employees.
Cash conversion: −36.7%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.2%; 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: ▲55%; Now £10.9m
Cash at bank: ▼59%; Now £1.8m
Headcount: ▲13%; Now 18
Deferred income: ▲269%; Now £46.1k
Fixed assets: ▲383%; Now £704k

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 accounts for the year to 28 Feb 2023 (profit £3.9m), from the Companies House accounts bulk data published Oct 2023. 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.