New Tech Limited
Registered name: NEW TECH LIMITED
New Tech Limited made £621k revenue and £20.2k profit in the year to 31 Mar 2023.
New Tech Limited’s revenue grew 1518% to £621k in the year to 31 Mar 2023, with £20.2k profit and 3 employees. The company is classified under “retail sale of audio and video equipment in specialised stores” and is based in Cardiff; we hold 2 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Cardiff, Wales
- Age
- 11 yrs · since 2015
- Type
- Private Limited 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 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £38.4k | £621k |
| Profit after tax | −£11.7k | £20.2k |
| Profit (best available) | −£11.7k | £20.2k |
| Employees (average) | — | 3 |
| Ratios | ||
| Profit margin | −30.4% | 3.3% |
| Revenue per employee | — | £207k |
| Profit per employee | — | £6.7k |
| Growth (year on year) | ||
| Revenue growth | — | ▲1518% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | −£4.1k | £311k |
| Fixed assets | £17.2k | £312k |
| Current assets | £18.2k | £27.4k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 |
How the business works
- Profit margin
- 3.3%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £207k
- Revenue ÷ average employees.
- Profit per employee
- £6.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 50.3%
- 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.
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 £311k
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 3
- Deferred income
- —
- Now —
- Fixed assets
- ▲1713%
- Now £312k
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 Mar 2023 (profit £20.2k), from the Companies House accounts bulk data published Dec 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.