How much does Bingo Skip Ltd make?

Bingo Skip Ltd reported revenue of £5.1m and £2.5m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Bingo Skip Ltd have?

Bingo Skip Ltd reported an average of 6 employees in the year to 31 Dec 2023.

Is Bingo Skip Ltd profitable?

Yes — Bingo Skip Ltd reported a profit of £2.5m in the year to 31 Dec 2023.

Company No. 07544921 · Incorporated 28 Feb 2011

Bingo Skip Ltd

Registered name: BINGO SKIP LTD

Bingo Skip Ltd made £5.1m revenue and £2.5m profit in the year to 31 Dec 2023.

Bingo Skip Ltd’s revenue grew 28% to £5.1m in the year to 31 Dec 2023, with £2.5m profit and 6 employees. The company is classified under “collection of non-hazardous waste” and is based in Melton Mowbray; we hold 2 years of its filed accounts.

Full P&L filedSection E · Water supply, sewerage and waste managementSIC 38110Collection of non-hazardous waste

Status: Liquidation
Location: Melton Mowbray, East Midlands
Age: 15 yrs · since 2011
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

IndependentSmall teamOperating leverageBoring industry

Revenue

£5.1m

Growth ▲28.4%

Profit

£2.5m

Growth ▲35.4%

Profit margin

49.2%

Gross 58.9%

Employees

Change ▲500%

Profit / employee

£421k

Revenue/employee £855k

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	27 Feb 2023	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£4m	£5.1m
Cost of sales	£1.6m	£2.1m
Gross profit	£2.4m	£3m
Operating profit	£2.3m	£2.9m
Profit before tax	£2.1m	£2.8m
Profit after tax	£1.9m	£2.5m
Profit (best available)	£1.9m	£2.5m
Employees (average)	1	6
Ratios
Profit margin	46.7%	49.2%
Gross margin	58.9%	58.9%
Revenue per employee	£4m	£855k
Profit per employee	£1.9m	£421k
Growth (year on year)
Revenue growth	—	▲28.4%
Profit growth	—	▲35.4%
Headcount growth	—	▲500%
Balance sheet — indirect signals, not revenue
Cash at bank	£91	£294k
Net assets	−£201k	£3.6m
Fixed assets	£24.1k	£3.4m
Current assets	£91	£971k
Debtors	£0	£220k
Deferred income	£0	£0
Source	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Jan 2024

Derived from the latest filing

How the business works

Profit margin: 49.2%; Profit ÷ revenue.
Gross margin: 58.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £855k; Revenue ÷ average employees.
Profit per employee: £421k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 66.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 4.3%; 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: —; Now £3.6m
Cash at bank: ▲322779%; Now £294k
Headcount: ▲500%; Now 6
Deferred income: —; Now £0
Fixed assets: ▲13978%; Now £3.4m

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 Dec 2023 (profit £2.5m), from the Companies House accounts bulk data published Jan 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.