Farm Business Innovation Ltd (formerly known as Fortem Farm Business Ltd)Dissolved
Farm Business Innovation Ltd (formerly known as Fortem Farm Business Ltd) made £1.2m revenue and £645k profit in the year to 31 Dec 2022.
Farm Business Innovation Ltd (formerly known as Fortem Farm Business Ltd)’s revenue fell 8% to £1.2m in the year to 31 Dec 2022, with £645k profit and 0 employees. We hold 2 years of its filed accounts. It is no longer on the Companies House register.
- Status
- Dissolved
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £1.3m | £1.2m |
| Cost of sales | £474k | £216k |
| Gross profit | £871k | £1m |
| Operating profit | £710k | £657k |
| Profit before tax | £294k | £657k |
| Profit after tax | £180k | £645k |
| Profit (best available) | £180k | £645k |
| Employees (average) | — | 0 |
| Ratios | ||
| Profit margin | 13.4% | 52% |
| Gross margin | 64.8% | 82.6% |
| Growth (year on year) | ||
| Revenue growth | — | ▼7.9% |
| Profit growth | — | ▲258.2% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £247k | £1.5m |
| Net assets | £55.8k | £700k |
| Current assets | £370k | £2.8m |
| Debtors | £87.6k | £860k |
| Source | Accounts · bulk data Nov 2023 | Accounts · bulk data Nov 2023 |
How the business works
- Profit margin
- 52%
- Profit ÷ revenue.
- Gross margin
- 82.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 69.4%
- 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
- ▲1156%
- Now £700k
- Cash at bank
- ▲516%
- Now £1.5m
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Sources
Latest figures from accounts for the year to 31 Dec 2022 (profit £645k), from the Companies House accounts bulk data published Nov 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.