Music House Education C.I.C.
Registered name: MUSIC HOUSE EDUCATION C.I.C.
Music House Education C.I.C. made £195k revenue and a £22.4k loss in the year to 29 Nov 2023.
Music House Education C.I.C.’s revenue grew 5% to £195k in the year to 29 Nov 2023, with a loss of £22.4k and 3 employees. The company is classified under “cultural education” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 13 yrs · since 2012
- Type
- Community Interest Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 29 Nov 2022 | 29 Nov 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £185k | £195k |
| Cost of sales | £81.9k | £75.8k |
| Gross profit | £103k | £119k |
| Operating profit | £4.3k | −£23.1k |
| Profit before tax | £4.3k | −£23.1k |
| Profit after tax | £3.5k | −£22.4k |
| Profit (best available) | £3.5k | −£22.4k |
| Employees (average) | 2 | 3 |
| Ratios | ||
| Profit margin | 1.9% | −11.5% |
| Gross margin | 55.7% | 61.1% |
| Revenue per employee | £92.5k | £64.8k |
| Profit per employee | £1.8k | −£7.5k |
| Growth (year on year) | ||
| Revenue growth | — | ▲5.1% |
| Profit growth | — | ▼730.1% |
| Headcount growth | — | ▲50% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £2.3k | £0 |
| Net assets | £4.2k | −£18.2k |
| Fixed assets | £50 | £0 |
| Current assets | £30.6k | £26.8k |
| Debtors | £11k | £9k |
| Deferred income | £2.2k | £4.5k |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 |
How the business works
- Profit margin
- −11.5%
- Profit ÷ revenue.
- Gross margin
- 61.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £64.8k
- Revenue ÷ average employees.
- Profit per employee
- −£7.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 4.6%
- Money owed by customers. Low = customers pay quickly.
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
- ▼535%
- Now −£18.2k
- Cash at bank
- ▼100%
- Now £0
- Headcount
- ▲50%
- Now 3
- Deferred income
- ▲103%
- Now £4.5k
- Fixed assets
- ▼100%
- Now £0
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
Latest figures from FullAccounts for the year to 29 Nov 2023 (profit −£22.4k), from the Companies House accounts bulk data published Aug 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.