How much does Thorngate Churcher Trust make?

Thorngate Churcher Trust reported revenue of £8.7m and £4.9m profit in the year to 31 Mar 2026, according to its accounts filed at Companies House.

Is Thorngate Churcher Trust profitable?

Yes — Thorngate Churcher Trust reported a profit of £4.9m in the year to 31 Mar 2026.

Company No. 09953572 · Incorporated 15 Jan 2016

Thorngate Churcher Trust

Registered name: THORNGATE CHURCHER TRUST

Thorngate Churcher Trust made £8.7m revenue and £4.9m profit in the year to 31 Mar 2026.

Thorngate Churcher Trust’s revenue grew 117% to £8.7m in the year to 31 Mar 2026, with £4.9m profit. The company is classified under “renting and operating of housing association real estate” and is based in Gosport; we hold 3 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68201Renting and operating of Housing Association real estate SIC 87300Residential care activities for the elderly and disabled

Status: Active
Location: Gosport, South East
Age: 10 yrs · since 2016
Type: PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)

Non-profit. It is limited by guarantee (typically an association, club or management company), so it isn't run for profit. It is excluded from our opportunity lists.

Latest accounts · year to 31 Mar 2026

Key figures

IndependentOperating leverage

Revenue

£8.7m

Growth ▲117%

Profit

£4.9m

Growth ▲707.3%

Profit margin

56.4%

Employees

—

Change —

Profit / employee

—

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 2024	31 Mar 2025	31 Mar 2026
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£4m	£8.7m
Cost of sales	—	£3.4m	£3.8m
Operating profit	—	£605k	£4.9m
Profit before tax	—	£605k	£4.9m
Profit after tax	—	£605k	£4.9m
Profit (best available)	—	£605k	£4.9m
Employees (average)	71	83	—
Ratios
Profit margin	—	15.2%	56.4%
Revenue per employee	—	£48.1k	—
Profit per employee	—	£7.3k	—
Growth (year on year)
Revenue growth	—	—	▲117%
Profit growth	—	—	▲707.3%
Headcount growth	—	▲16.9%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£440k	£904k	—
Net assets	£7.9m	£8.5m	—
Fixed assets	£9.1m	£13.6m	—
Current assets	£552k	£1m	—
Debtors	£105k	£111k	—
Deferred income	£0	£3.4m	—
Source	Full · bulk data Sep 2025	Full · bulk data Sep 2025	Accounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 56.4%; Profit ÷ revenue.
Gross margin: —; 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: —; 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: —; Now —
Cash at bank: —; Now —
Headcount: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2026 (profit £4.9m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.