How much does Heartlands Trust make?

Heartlands Trust reported revenue of £919k and a loss of £313k in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Heartlands Trust have?

Heartlands Trust reported an average of 26 employees in the year to 31 Mar 2023.

Is Heartlands Trust profitable?

No — Heartlands Trust reported a loss of £313k in the year to 31 Mar 2023.

Company No. 07295659 · Incorporated 25 Jun 2010

Heartlands Trust

Registered name: HEARTLANDS TRUST

Heartlands Trust made £919k revenue and a £313k loss in the year to 31 Mar 2023.

Heartlands Trust’s revenue fell 25% to £919k in the year to 31 Mar 2023, with a loss of £313k and 26 employees. The company is classified under “other retail sale in non-specialised stores” and is based in Penryn; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47190Other retail sale in non-specialised stores SIC 56101Licensed restaurants SIC 56103Take-away food shops and mobile food stands SIC 90040Operation of arts facilities

Status: Liquidation
Location: Penryn, South West
Age: 16 yrs · since 2010
Type: PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)

Non-profit. It is limited by guarantee (typically an association, club or management company), so it isn't run for profit. It is excluded from our opportunity lists.

Latest accounts · year to 31 Mar 2023

Key figures

Independent

Revenue

£919k

Growth ▼24.9%

Profit

−£313k

Growth ▼399.1%

Profit margin

−34%

Gross 100%

Employees

Change ▼13.3%

Profit / employee

−£12k

Revenue/employee £35.4k

Profitable streak

0yrs

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&L	Full P&L
Profit & loss
Revenue (turnover)	£1.2m	£919k
Gross profit	£1.2m	£919k
Operating profit	£105k	−£313k
Profit before tax	£105k	−£313k
Profit after tax	£105k	−£313k
Profit (best available)	£105k	−£313k
Employees (average)	30	26
Ratios
Profit margin	8.5%	−34%
Gross margin	100%	100%
Revenue per employee	£40.8k	£35.4k
Profit per employee	£3.5k	−£12k
Growth (year on year)
Revenue growth	—	▼24.9%
Profit growth	—	▼399.1%
Headcount growth	—	▼13.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£295k	£78.3k
Net assets	£435k	£269k
Fixed assets	£248k	£152k
Current assets	£477k	£392k
Debtors	£62.3k	£60k
Deferred income	£110k	£103k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: −34%; Profit ÷ revenue.
Gross margin: 100%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £35.4k; Revenue ÷ average employees.
Profit per employee: −£12k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 16.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 11.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.5%; 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: ▼38%; Now £269k
Cash at bank: ▼74%; Now £78.3k
Headcount: ▼13%; Now 26
Deferred income: ▼6%; Now £103k
Fixed assets: ▼39%; Now £152k

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 2023 (profit −£313k), from the Companies House accounts bulk data published Dec 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.