How much does F Source Limited make?

F Source Limited reported revenue of £5.8m and £980k profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does F Source Limited have?

F Source Limited reported an average of 29 employees in the year to 31 Mar 2024.

Is F Source Limited profitable?

Yes — F Source Limited reported a profit of £980k in the year to 31 Mar 2024.

Company No. 08957250 · Incorporated 25 Mar 2014

F Source Limited

Registered name: F SOURCE LIMITED

F Source Limited made £5.8m revenue and £980k profit in the year to 31 Mar 2024.

F Source Limited’s revenue grew 4% to £5.8m in the year to 31 Mar 2024, with £980k profit and 29 employees. The company is classified under “non-specialised wholesale trade” and is based in Cardiff; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46900Non-specialised wholesale trade

Status: Active - Proposal to Strike off
Location: Cardiff, Wales
Age: 12 yrs · since 2014
Type: Private Limited Company

Latest accounts · year to 31 Mar 2024

Key figures

IndependentOperating leverage

Revenue

£5.8m

Growth ▲3.8%

Profit

£980k

Growth ▲9.9%

Profit margin

16.8%

Gross 34.3%

Employees

Change ▲3.6%

Profit / employee

£33.8k

Revenue/employee £201k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£5.6m	£5.8m
Cost of sales	—	£3.8m	£3.8m
Gross profit	—	£1.8m	£2m
Operating profit	—	£1.1m	£1.2m
Profit before tax	—	£1.1m	£1.2m
Profit after tax	—	£892k	£980k
Profit (best available)	—	£892k	£980k
Employees (average)	16	28	29
Ratios
Profit margin	—	15.9%	16.8%
Gross margin	—	32.6%	34.3%
Revenue per employee	—	£201k	£201k
Profit per employee	—	£31.9k	£33.8k
Growth (year on year)
Revenue growth	—	—	▲3.8%
Profit growth	—	—	▲9.9%
Headcount growth	—	▲75%	▲3.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£478k	£357k	£572k
Net assets	£3.2m	£4.1m	£5.1m
Fixed assets	£1m	£1.7m	£2.1m
Current assets	£2.3m	£2.7m	£3.5m
Debtors	£902k	£963k	£1.2m
Source	AbridgedAccounts · bulk data Mar 2024	AbridgedAccounts · bulk data Mar 2024	FullAccounts · bulk data Nov 2024

Derived from the latest filing

How the business works

Profit margin: 16.8%; Profit ÷ revenue.
Gross margin: 34.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £201k; Revenue ÷ average employees.
Profit per employee: £33.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 35.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 21.3%; 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: ▲24%; Now £5.1m
Cash at bank: ▲60%; Now £572k
Headcount: ▲4%; Now 29
Deferred income: —; Now —
Fixed assets: ▲19%; Now £2.1m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £980k), 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.