Softline Ltd
Registered name: SOFTLINE LTD
Softline Ltd made £1.2m revenue and a £191k loss in the year to 31 Dec 2023. read from filing text
Softline Ltd’s revenue fell 19% to £1.2m in the year to 31 Dec 2023, with a loss of £191k and 9 employees. The company is classified under “activities of head offices” and is based in Leigh on Sea; we hold 3 years of its filed accounts.
- Status
- Liquidation
- Location
- Leigh on Sea, East of England
- Age
- 20 yrs · since 2006
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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: “Galloway Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|---|
| Disclosure | No P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | — | £1.5m | £1.2m |
| Cost of sales | — | £1m | £879k |
| Gross profit | — | £511k | £355k |
| Operating profit | — | −£62.6k | −£196k |
| Profit before tax | — | −£61.9k | −£191k |
| Profit after tax | — | −£61.9k | −£191k |
| Profit (best available) | — | −£61.9k | −£191k |
| Employees (average) | 0 | 0 | 9 |
| Ratios | |||
| Profit margin | — | −4% | −15.5% |
| Gross margin | — | 33.5% | 28.8% |
| Revenue per employee | — | — | £137k |
| Profit per employee | — | — | −£21.2k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▼19.2% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £0 | £0 | £0 |
| Net assets | £80.4k | £80.4k | £99 |
| Fixed assets | £242k | £242k | — |
| Current assets | £0 | £0 | — |
| Debtors | £0 | £0 | £0 |
| Deferred income | — | £0 | £0 |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | Accounts · bulk data Dec 2024 |
How the business works
- Profit margin
- −15.5%
- Profit ÷ revenue.
- Gross margin
- 28.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £137k
- Revenue ÷ average employees.
- Profit per employee
- −£21.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▼100%
- Now £99
- Cash at bank
- —
- Now £0
- Headcount
- —
- Now 9
- Deferred income
- —
- Now £0
- Fixed assets
- —
- Now —
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- Softline Distribution LimitedLiquidationRev. — · Profit £0
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2023 (profit −£191k), from the Companies House accounts bulk data published Dec 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.