How much does The Far Academy CIC make?

The Far Academy CIC reported revenue of £542k and £76.2k profit in the year to 30 Jun 2024, according to its accounts filed at Companies House.

How many employees does The Far Academy CIC have?

The Far Academy CIC reported an average of 4 employees in the year to 30 Jun 2024.

Is The Far Academy CIC profitable?

Yes — The Far Academy CIC reported a profit of £76.2k in the year to 30 Jun 2024.

Company No. 07952068 · Incorporated 16 Feb 2012

The Far Academy CIC

Registered name: THE FAR ACADEMY CIC

The Far Academy CIC made £542k revenue and £76.2k profit in the year to 30 Jun 2024.

The Far Academy CIC’s revenue grew 96% to £542k in the year to 30 Jun 2024, with £76.2k profit and 4 employees. The company is classified under “educational support services” and is based in Whitstable; we hold 2 years of its filed accounts.

Full P&L filedSection P · EducationSIC 85600Educational support services

Status: Active
Location: Whitstable, South East
Age: 14 yrs · since 2012
Type: Community Interest Company

Latest accounts · year to 30 Jun 2024

Key figures

IndependentSmall teamCapital-lightDoing more with less

Revenue

£542k

Growth ▲95.7%

Profit

£76.2k

Growth ▲53.7%

Profit margin

14.1%

Gross 55.8%

Employees

Change ▼20%

Profit / employee

£19k

Revenue/employee £136k

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	30 Jun 2023	30 Jun 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£277k	£542k
Cost of sales	£76k	£240k
Gross profit	£201k	£302k
Operating profit	£50.5k	£76.7k
Profit before tax	£49.5k	£76.2k
Profit after tax	£49.5k	£76.2k
Profit (best available)	£49.5k	£76.2k
Employees (average)	5	4
Ratios
Profit margin	17.9%	14.1%
Gross margin	72.6%	55.8%
Revenue per employee	£55.4k	£136k
Profit per employee	£9.9k	£19k
Growth (year on year)
Revenue growth	—	▲95.7%
Profit growth	—	▲53.7%
Headcount growth	—	▼20%
Balance sheet — indirect signals, not revenue
Cash at bank	£80.3k	£108k
Net assets	£129k	£169k
Fixed assets	£28.6k	£54.1k
Current assets	£137k	£161k
Debtors	£56.6k	£52.9k
Source	FullAccounts · bulk data Feb 2025	FullAccounts · bulk data Feb 2025

Derived from the latest filing

How the business works

Profit margin: 14.1%; Profit ÷ revenue.
Gross margin: 55.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £136k; Revenue ÷ average employees.
Profit per employee: £19k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 10%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.8%; 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: ▲31%; Now £169k
Cash at bank: ▲35%; Now £108k
Headcount: ▼20%; Now 4
Deferred income: —; Now —
Fixed assets: ▲90%; Now £54.1k

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Jun 2024 (profit £76.2k), from the Companies House accounts bulk data published Feb 2025. 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.