Drum Works CIC
Registered name: DRUM WORKS CIC
Drum Works CIC made £124k revenue and £212 profit in the year to 31 Mar 2024.
Drum Works CIC’s revenue fell 11% to £124k in the year to 31 Mar 2024, with £212 profit and 7 employees. The company is classified under “performing arts” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 11 yrs · since 2015
- 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 2022 | 31 Mar 2023 | 31 Mar 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £87.3k | £140k | £124k |
| Cost of sales | £96.5k | £125k | £119k |
| Gross profit | −£9.1k | £14.8k | £4.7k |
| Operating profit | £21.7k | −£25.7k | £212 |
| Profit before tax | £21.7k | −£25.7k | £212 |
| Profit after tax | £21.7k | −£25.7k | £212 |
| Profit (best available) | £21.7k | −£25.7k | £212 |
| Employees (average) | 7 | 8 | 7 |
| Ratios | |||
| Profit margin | 24.9% | −18.4% | 0.2% |
| Gross margin | −10.4% | 10.6% | 3.8% |
| Revenue per employee | £12.5k | £17.5k | £17.7k |
| Profit per employee | £3.1k | −£3.2k | £30 |
| Growth (year on year) | |||
| Revenue growth | — | ▲60.2% | ▼11.3% |
| Profit growth | — | ▼218.1% | — |
| Headcount growth | — | ▲14.3% | ▼12.5% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £20.4k | £5.1k | £49.7k |
| Net assets | £25.2k | £3.7k | £3.9k |
| Current assets | £34k | £15.8k | £64.5k |
| Debtors | £13.6k | £10.8k | £9.1k |
| Deferred income | — | £5k | £52.1k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Jul 2024 |
How the business works
- Profit margin
- 0.2%
- Profit ÷ revenue.
- Gross margin
- 3.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £17.7k
- Revenue ÷ average employees.
- Profit per employee
- £30
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 42%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 7.3%
- 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
- ▲6%
- Now £3.9k
- Cash at bank
- ▲879%
- Now £49.7k
- Headcount
- ▼13%
- Now 7
- Deferred income
- ▲943%
- Now £52.1k
- Fixed assets
- —
- Now —
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 31 Mar 2024 (profit £212), from the Companies House accounts bulk data published Jul 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.