How much does My Space Housing Solutions make?

My Space Housing Solutions reported revenue of £27.5m and a loss of £8.8m in the year to 31 Oct 2023, according to its accounts filed at Companies House.

How many employees does My Space Housing Solutions have?

My Space Housing Solutions reported an average of 195 employees in the year to 31 Oct 2023.

Is My Space Housing Solutions profitable?

No — My Space Housing Solutions reported a loss of £8.8m in the year to 31 Oct 2023.

Company No. 08257055 · Incorporated 17 Oct 2012

My Space Housing Solutions

Registered name: MY SPACE HOUSING SOLUTIONS

My Space Housing Solutions made £27.5m revenue and a £8.8m loss in the year to 31 Oct 2023.

My Space Housing Solutions’s revenue fell 16% to £27.5m in the year to 31 Oct 2023, with a loss of £8.8m and 195 employees. The company is classified under “other accommodation” and is based in Bolton; we hold 2 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 55900Other accommodation

Status: Voluntary Arrangement
Location: Bolton, North West
Age: 14 yrs · since 2012
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 Oct 2023

Key figures

Independent

Revenue

£27.5m

Growth ▼16.1%

Profit

−£8.8m

Growth —

Profit margin

−32.2%

Gross 1.4%

Employees

195

Change ▼24.4%

Profit / employee

−£45.3k

Revenue/employee £141k

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 Oct 2022	31 Oct 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£32.8m	£27.5m
Cost of sales	£29.2m	£27.1m
Gross profit	£3.6m	£370k
Operating profit	−£14.8m	−£7.2m
Profit before tax	−£16.2m	−£8.8m
Profit after tax	−£16.2m	−£8.8m
Profit (best available)	−£16.2m	−£8.8m
Employees (average)	258	195
Ratios
Profit margin	−49.4%	−32.2%
Gross margin	10.9%	1.4%
Revenue per employee	£127k	£141k
Profit per employee	−£62.7k	−£45.3k
Growth (year on year)
Revenue growth	—	▼16.1%
Headcount growth	—	▼24.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.5m	£1.3m
Net assets	−£18m	−£26.8m
Fixed assets	£25.4m	£24.9m
Current assets	£5.7m	£4.7m
Debtors	£3.4m	£2.6m
Deferred income	£545k	£1.6m
Source	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Nov 2024

Derived from the latest filing

How the business works

Profit margin: −32.2%; Profit ÷ revenue.
Gross margin: 1.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £141k; Revenue ÷ average employees.
Profit per employee: −£45.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 90.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.6%; 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: —; Now −£26.8m
Cash at bank: ▼12%; Now £1.3m
Headcount: ▼24%; Now 195
Deferred income: ▲192%; Now £1.6m
Fixed assets: ▼2%; Now £24.9m

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2023 (profit −£8.8m), from the Companies House accounts bulk data published Nov 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.