How much does Threadmet Properties Limited make?

Threadmet Properties Limited reported revenue of £315k and £5.4k profit in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Threadmet Properties Limited have?

Threadmet Properties Limited reported an average of 2 employees in the year to 31 Mar 2023.

Is Threadmet Properties Limited profitable?

Yes — Threadmet Properties Limited reported a profit of £5.4k in the year to 31 Mar 2023.

Company No. 05961862

Threadmet Properties LimitedDissolved

Registered name: THREADMET PROPERTIES LIMITED

Threadmet Properties Limited made £315k revenue and £5.4k profit in the year to 31 Mar 2023. read from filing text

Threadmet Properties Limited’s revenue fell 75% to £315k in the year to 31 Mar 2023, with £5.4k profit and 2 employees. We hold 2 years of its filed accounts. It is no longer on the Companies House register.

Full P&L filed

This company is no longer on the Companies House register. Figures are from its last filed accounts.

Status: Dissolved

Last filed accounts · year to 31 Mar 2023

Key figures

IndependentSmall teamCapital-light

Revenue

£315k

Growth ▼74.8%

Profit

£5.4k

Growth ▼97.5%

Profit margin

1.7%

Gross 11.1%

Employees

Change 0%

Profit / employee

£2.7k

Revenue/employee £158k

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	31 Mar 2022	31 Mar 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£1.3m	£315k
Cost of sales	£1.9m	£280k
Gross profit	−£674k	£35k
Operating profit	£216k	£5.4k
Profit before tax	£216k	£5.4k
Profit after tax	£216k	£5.4k
Profit (best available)	£216k	£5.4k
Employees (average)	2	2
Ratios
Profit margin	17.3%	1.7%
Gross margin	−53.9%	11.1%
Revenue per employee	£625k	£158k
Profit per employee	£108k	£2.7k
Growth (year on year)
Revenue growth	—	▼74.8%
Profit growth	—	▼97.5%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£43	£43
Net assets	£2.3m	£2.3m
Fixed assets	£351	£351
Current assets	£6.1m	£6.1m
Debtors	£6.1m	£6.1m
Deferred income	£2k	£2k
Source	Accounts · bulk data Nov 2023	Accounts · bulk data Nov 2023

Derived from the latest filing

How the business works

Profit margin: 1.7%; Profit ÷ revenue.
Gross margin: 11.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £158k; Revenue ÷ average employees.
Profit per employee: £2.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1951%; 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: ▼0%; Now £2.3m
Cash at bank: 0%; Now £43
Headcount: 0%; Now 2
Deferred income: 0%; Now £2k
Fixed assets: 0%; Now £351

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

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2023 (profit £5.4k), from the Companies House accounts bulk data published Nov 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.