How much does 123 Retail Limited make?

123 Retail Limited reported revenue of £20m and £413k profit in the year to 29 Jan 2023, according to its accounts filed at Companies House.

How many employees does 123 Retail Limited have?

123 Retail Limited reported an average of 185 employees in the year to 29 Jan 2023.

Is 123 Retail Limited profitable?

Yes — 123 Retail Limited reported a profit of £413k in the year to 29 Jan 2023.

Company No. 10535440 · Incorporated 21 Dec 2016

123 Retail Limited

Registered name: 123 RETAIL LIMITED

123 Retail Limited made £20m revenue and £413k profit in the year to 29 Jan 2023.

123 Retail Limited’s revenue grew 28% to £20m in the year to 29 Jan 2023, with £413k profit and 185 employees. The company is classified under “retail sale of footwear in specialised stores” and is based in Grimsby; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47721Retail sale of footwear in specialised stores

Status: Liquidation
Location: Grimsby, Yorkshire and The Humber
Age: 9 yrs · since 2016
Type: Private Limited Company

Latest accounts · year to 29 Jan 2023

Key figures

IndependentCapital-lightOperating leverageCash flow filed

Revenue

£20m

Growth ▲27.7%

Profit

£413k

Growth ▲204.8%

Profit margin

2.1%

Gross 45%

Employees

185

Change ▲48%

Profit / employee

£2.2k

Revenue/employee £108k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	29 Jan 2022	29 Jan 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£15.7m	£20m
Cost of sales	£9.4m	£11m
Gross profit	£6.3m	£9m
Operating profit	£136k	£509k
Profit before tax	£98.3k	£471k
Profit after tax	£135k	£413k
Profit (best available)	£135k	£413k
Staff costs	£3m	£4.2m
Employees (average)	125	185
Ratios
Profit margin	0.9%	2.1%
Gross margin	39.9%	45%
Revenue per employee	£125k	£108k
Profit per employee	£1.1k	£2.2k
Cash conversion	−635.2%	−49.4%
Growth (year on year)
Revenue growth	—	▲27.7%
Profit growth	—	▲204.8%
Headcount growth	—	▲48%
Balance sheet — indirect signals, not revenue
Cash at bank	£564k	£221k
Net assets	£908k	£1.3m
Fixed assets	£429k	£835k
Current assets	£5.4m	£6m
Debtors	£215k	£38.6k
Deferred income	£226k	£267k
Cash from operations	−£862k	−£252k
Source	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2023

Derived from the latest filing

How the business works

Profit margin: 2.1%; Profit ÷ revenue.
Gross margin: 45%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £108k; Revenue ÷ average employees.
Profit per employee: £2.2k; Profit ÷ average employees.
Cash conversion: −49.4%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.2%; 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: ▲45%; Now £1.3m
Cash at bank: ▼61%; Now £221k
Headcount: ▲48%; Now 185
Deferred income: ▲18%; Now £267k
Fixed assets: ▲95%; Now £835k

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

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 29 Jan 2023 (profit £413k), from the Companies House accounts bulk data published Oct 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.