How much does Creative Innovation Centre C.I.C. make?

Creative Innovation Centre C.I.C. reported revenue of £168k and a loss of £30.8k in the year to 31 Jul 2023, according to its accounts filed at Companies House.

How many employees does Creative Innovation Centre C.I.C. have?

Creative Innovation Centre C.I.C. reported an average of 5 employees in the year to 31 Jul 2023.

Is Creative Innovation Centre C.I.C. profitable?

No — Creative Innovation Centre C.I.C. reported a loss of £30.8k in the year to 31 Jul 2023.

Company No. 08140784 · Incorporated 12 Jul 2012

Creative Innovation Centre C.I.C.

Registered name: CREATIVE INNOVATION CENTRE C.I.C.

Creative Innovation Centre C.I.C. made £168k revenue and a £30.8k loss in the year to 31 Jul 2023.

Creative Innovation Centre C.I.C.’s revenue grew 42% to £168k in the year to 31 Jul 2023, with a loss of £30.8k and 5 employees. The company is classified under “performing arts” and is based in Taunton; we hold 2 years of its filed accounts.

Full P&L filedSection R · Arts, entertainment and recreationSIC 90010Performing arts SIC 90020Support activities to performing arts SIC 90030Artistic creation SIC 90040Operation of arts facilities

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

Latest accounts · year to 31 Jul 2023

Key figures

IndependentSmall team

Revenue

£168k

Growth ▲41.6%

Profit

−£30.8k

Growth ▼189.2%

Profit margin

−18.4%

Gross 50.7%

Employees

Change ▲25%

Profit / employee

−£6.2k

Revenue/employee £33.5k

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 Jul 2022	31 Jul 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£118k	£168k
Cost of sales	£59k	£82.6k
Gross profit	£59.4k	£85.1k
Operating profit	£40.6k	−£25.3k
Profit before tax	£38.7k	−£30.8k
Profit after tax	£34.6k	−£30.8k
Profit (best available)	£34.6k	−£30.8k
Employees (average)	4	5
Ratios
Profit margin	29.2%	−18.4%
Gross margin	50.2%	50.7%
Revenue per employee	£29.6k	£33.5k
Profit per employee	£8.6k	−£6.2k
Growth (year on year)
Revenue growth	—	▲41.6%
Profit growth	—	▼189.2%
Headcount growth	—	▲25%
Balance sheet — indirect signals, not revenue
Cash at bank	£38.7k	£3.3k
Net assets	£31.4k	£625
Fixed assets	£38.7k	£31.9k
Current assets	£46.9k	£22.7k
Debtors	£525	£11k
Deferred income	£1.9k	£10.1k
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024

Derived from the latest filing

How the business works

Profit margin: −18.4%; Profit ÷ revenue.
Gross margin: 50.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £33.5k; Revenue ÷ average employees.
Profit per employee: −£6.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 19%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.6%; 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: ▼98%; Now £625
Cash at bank: ▼92%; Now £3.3k
Headcount: ▲25%; Now 5
Deferred income: ▲423%; Now £10.1k
Fixed assets: ▼18%; Now £31.9k

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 Jul 2023 (profit −£30.8k), from the Companies House accounts bulk data published Apr 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.