How much does Timeless Sofas Ltd. make?

Timeless Sofas Ltd. reported revenue of £494k and £40.2k profit in the year to 30 Jul 2022, according to its accounts filed at Companies House.

How many employees does Timeless Sofas Ltd. have?

Timeless Sofas Ltd. reported an average of 2 employees in the year to 30 Jul 2022.

Is Timeless Sofas Ltd. profitable?

Yes — Timeless Sofas Ltd. reported a profit of £40.2k in the year to 30 Jul 2022.

Company No. 08627919 · Incorporated 29 Jul 2013

Timeless Sofas Ltd.

Registered name: TIMELESS SOFAS LTD.

Timeless Sofas Ltd. made £494k revenue and £40.2k profit in the year to 30 Jul 2022.

Timeless Sofas Ltd.’s revenue grew 21% to £494k in the year to 30 Jul 2022, with £40.2k profit and 2 employees. The company is classified under “manufacture of other furniture” and is based in Altrincham; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 31090Manufacture of other furniture

Status: Liquidation
Location: Altrincham, North West
Age: 13 yrs · since 2013
Type: Private Limited Company

Latest accounts · year to 30 Jul 2022

Key figures

IndependentSmall teamCapital-lightOperating leverage

Revenue

£494k

Growth ▲20.8%

Profit

£40.2k

Growth ▲113.7%

Profit margin

8.1%

Employees

Change 0%

Profit / employee

£20.1k

Revenue/employee £247k

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	31 Jul 2021	30 Jul 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£409k	£494k
Profit after tax	£18.8k	£40.2k
Profit (best available)	£18.8k	£40.2k
Staff costs	£20.3k	£20.8k
Employees (average)	2	2
Ratios
Profit margin	4.6%	8.1%
Revenue per employee	£204k	£247k
Profit per employee	£9.4k	£20.1k
Growth (year on year)
Revenue growth	—	▲20.8%
Profit growth	—	▲113.7%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Net assets	£128	£305
Fixed assets	£2.3k	£3.5k
Current assets	£94.7k	£107k
Source	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2023

Derived from the latest filing

How the business works

Profit margin: 8.1%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £247k; Revenue ÷ average employees.
Profit per employee: £20.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; 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: ▲138%; Now £305
Cash at bank: —; Now —
Headcount: 0%; Now 2
Deferred income: —; Now —
Fixed assets: ▲49%; Now £3.5k

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 30 Jul 2022 (profit £40.2k), from the Companies House accounts bulk data published Oct 2023. 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.