Gastite Systems LimitedDissolved
Registered name: GASTITE SYSTEMS LIMITED
Gastite Systems Limited made £2.1m revenue and a £426k loss in the year to 31 Jul 2023.
Gastite Systems Limited’s revenue fell 42% to £2.1m in the year to 31 Jul 2023, with a loss of £426k and 7 employees. We hold 2 years of its filed accounts. It is no longer on the Companies House register.
- Status
- Dissolved
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Smiths Group pic”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jul 2022 | 31 Jul 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £3.6m | £2.1m |
| Cost of sales | £2.3m | £1.4m |
| Gross profit | £1.3m | £713k |
| Operating profit | £381k | −£407k |
| Profit before tax | £284k | −£426k |
| Profit after tax | £230k | −£426k |
| Profit (best available) | £230k | −£426k |
| Staff costs | £626k | £586k |
| Employees (average) | 8 | 7 |
| Ratios | ||
| Profit margin | 6.3% | −20% |
| Gross margin | 36.5% | 33.5% |
| Revenue per employee | £455k | £304k |
| Profit per employee | £28.8k | −£60.9k |
| Growth (year on year) | ||
| Revenue growth | — | ▼41.6% |
| Profit growth | — | ▼285.2% |
| Headcount growth | — | ▼12.5% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £27k | £50k |
| Net assets | £681k | £255k |
| Fixed assets | £525k | £346k |
| Current assets | £1.6m | £1.1m |
| Debtors | £954k | £494k |
| Deferred income | £105k | £91k |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2024 |
How the business works
- Profit margin
- −20%
- Profit ÷ revenue.
- Gross margin
- 33.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £304k
- Revenue ÷ average employees.
- Profit per employee
- −£60.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 16.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 4.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 23.2%
- 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
- ▼63%
- Now £255k
- Cash at bank
- ▲85%
- Now £50k
- Headcount
- ▼13%
- Now 7
- Deferred income
- ▼13%
- Now £91k
- Fixed assets
- ▼34%
- Now £346k
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 Jul 2023 (profit −£426k), from the Companies House accounts bulk data published Apr 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.