Free Your Mind CIC
Registered name: FREE YOUR MIND CIC
Free Your Mind CIC made £295k revenue and a £13.3k loss in the year to 31 Mar 2025.
Free Your Mind CIC’s revenue fell 1% to £295k in the year to 31 Mar 2025, with a loss of £13.3k and 6 employees. The company is classified under “other human health activities” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 13 yrs · since 2013
- 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 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £141k | £299k | £295k |
| Cost of sales | £40.1k | £57.6k | £85.5k |
| Gross profit | £101k | £241k | £209k |
| Operating profit | −£54.8k | £37.5k | −£15.7k |
| Profit before tax | −£55.5k | £36.9k | −£13.3k |
| Profit after tax | −£55.5k | £36.9k | −£13.3k |
| Profit (best available) | −£55.5k | £36.9k | −£13.3k |
| Employees (average) | 6 | 6 | 6 |
| Ratios | |||
| Profit margin | −39.5% | 12.3% | −4.5% |
| Gross margin | 71.5% | 80.7% | 71% |
| Revenue per employee | £23.5k | £49.8k | £49.1k |
| Profit per employee | −£9.3k | £6.1k | −£2.2k |
| Growth (year on year) | |||
| Revenue growth | — | ▲112.2% | ▼1.4% |
| Profit growth | — | — | ▼136.1% |
| Headcount growth | — | 0% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £94.9k | £130k | £121k |
| Net assets | £94k | £131k | £118k |
| Fixed assets | £8.9k | £3.7k | £1.4k |
| Current assets | £94.9k | £134k | £127k |
| Debtors | — | £0 | £2.8k |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- −4.5%
- Profit ÷ revenue.
- Gross margin
- 71%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £49.1k
- Revenue ÷ average employees.
- Profit per employee
- −£2.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.9%
- 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
- ▼10%
- Now £118k
- Cash at bank
- ▼7%
- Now £121k
- Headcount
- 0%
- Now 6
- Deferred income
- —
- Now —
- Fixed assets
- ▼62%
- Now £1.4k
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£13.3k), from the Companies House accounts bulk data published Jan 2026. 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.