MK Choices CIC
Registered name: MK CHOICES CIC
MK Choices CIC made £17.7k revenue and £1.4k profit in the year to 30 Jan 2024.
MK Choices CIC’s revenue fell 38% to £17.7k in the year to 30 Jan 2024, with £1.4k profit and 1 employee. The company is classified under “retail sale of electrical household appliances in specialised stores” and is based in Borehamwood; we hold 3 years of its filed accounts.
- Status
- Liquidation
- Location
- Borehamwood, East of England
- Age
- 9 yrs · since 2017
- Type
- Community Interest Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jan 2022 | 30 Jan 2023 | 30 Jan 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £43.9k | £28.7k | £17.7k |
| Cost of sales | £24.9k | £14k | £7.3k |
| Gross profit | £18.9k | £14.7k | £10.4k |
| Operating profit | £229 | £1.1k | £1.4k |
| Profit before tax | £229 | £1.1k | £1.4k |
| Profit after tax | £229 | £1.1k | £1.4k |
| Profit (best available) | £229 | £1.1k | £1.4k |
| Employees (average) | 1 | 1 | 1 |
| Ratios | |||
| Profit margin | 0.5% | 3.8% | 7.7% |
| Gross margin | 43.1% | 51.1% | 58.8% |
| Revenue per employee | £43.9k | £28.7k | £17.7k |
| Profit per employee | £229 | £1.1k | £1.4k |
| Growth (year on year) | |||
| Revenue growth | — | ▼34.6% | ▼38.3% |
| Profit growth | — | ▲379% | ▲24% |
| Headcount growth | — | 0% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.2k | £1.9k | £361 |
| Net assets | £5.2k | £6.3k | £7.4k |
| Fixed assets | £1.8k | £1.3k | £995 |
| Current assets | £109k | £131k | £149k |
| Debtors | £105k | £130k | £149k |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | FullAccounts · bulk data Oct 2024 |
How the business works
- Profit margin
- 7.7%
- Profit ÷ revenue.
- Gross margin
- 58.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £17.7k
- Revenue ÷ average employees.
- Profit per employee
- £1.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 5.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 841.2%
- 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
- ▲17%
- Now £7.4k
- Cash at bank
- ▼81%
- Now £361
- Headcount
- 0%
- Now 1
- Deferred income
- —
- Now —
- Fixed assets
- ▼25%
- Now £995
Sources
Latest figures from FullAccounts for the year to 30 Jan 2024 (profit £1.4k), from the Companies House accounts bulk data published Oct 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.