Source MedicineDissolved
Registered name: SOURCE MEDICINE
Source Medicine made £6.3k revenue and a £5.1k loss in the year to 31 Mar 2024.
Source Medicine’s revenue fell 62% to £6.3k in the year to 31 Mar 2024, with a loss of £5.1k 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 Mar 2023 | 31 Mar 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £16.8k | £6.3k |
| Cost of sales | £1.5k | £1.2k |
| Gross profit | £15.3k | £5.2k |
| Operating profit | £3.4k | −£5k |
| Profit before tax | £3.4k | −£5.1k |
| Profit after tax | £2.8k | −£5.1k |
| Profit (best available) | £2.8k | −£5.1k |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | 16.5% | −80.3% |
| Gross margin | 91.2% | 81.6% |
| Growth (year on year) | ||
| Revenue growth | — | ▼62.4% |
| Profit growth | — | ▼282.8% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £12.8k | £5.5k |
| Net assets | £6.6k | £1.5k |
| Current assets | £12.8k | £5.5k |
| Deferred income | £610 | £702 |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 |
How the business works
- Profit margin
- −80.3%
- Profit ÷ revenue.
- Gross margin
- 81.6%
- 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
- 11.1%
- 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
- ▼77%
- Now £1.5k
- Cash at bank
- ▼57%
- Now £5.5k
- Headcount
- —
- Now 0
- Deferred income
- ▲15%
- Now £702
- Fixed assets
- —
- Now —
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit −£5.1k), from the Companies House accounts bulk data published Aug 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.