How much does Greater London Supported Accommodation CIC make?

Greater London Supported Accommodation CIC reported revenue of £1.1m and a loss of £426k in the year to 30 Sep 2023, according to its accounts filed at Companies House.

How many employees does Greater London Supported Accommodation CIC have?

Greater London Supported Accommodation CIC reported an average of 2 employees in the year to 30 Sep 2023.

Is Greater London Supported Accommodation CIC profitable?

No — Greater London Supported Accommodation CIC reported a loss of £426k in the year to 30 Sep 2023.

Company No. 11431516 · Incorporated 25 Jun 2018

Greater London Supported Accommodation CIC

Registered name: GREATER LONDON SUPPORTED ACCOMMODATION CIC

Greater London Supported Accommodation CIC made £1.1m revenue and a £426k loss in the year to 30 Sep 2023.

Greater London Supported Accommodation CIC’s revenue fell 12% to £1.1m in the year to 30 Sep 2023, with a loss of £426k and 2 employees. The company is classified under “other letting and operating of own or leased real estate” and is based in Hayes; we hold 2 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68209Other letting and operating of own or leased real estate SIC 88100Social work activities without accommodation for the elderly and disabled

Status: Active
Location: Hayes, London
Age: 8 yrs · since 2018
Type: Community Interest Company

Latest accounts · year to 30 Sep 2023

Key figures

IndependentSmall teamCapital-light

Revenue

£1.1m

Growth ▼12.1%

Profit

−£426k

Growth —

Profit margin

−38.5%

Gross 100%

Employees

Change 0%

Profit / employee

−£213k

Revenue/employee £554k

Profitable streak

0yrs

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	30 Sep 2022	30 Sep 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£1.3m	£1.1m
Gross profit	£1.3m	£1.1m
Operating profit	−£24.4k	−£425k
Profit before tax	−£25.6k	−£426k
Profit after tax	−£25.6k	−£426k
Profit (best available)	−£25.6k	−£426k
Employees (average)	2	2
Ratios
Profit margin	−2%	−38.5%
Gross margin	100%	100%
Revenue per employee	£630k	£554k
Profit per employee	−£12.8k	−£213k
Growth (year on year)
Revenue growth	—	▼12.1%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£43.9k	£6.5k
Net assets	−£32.6k	−£459k
Fixed assets	£122	£61
Current assets	£360k	£264k
Debtors	£120k	£125k
Deferred income	£750	£35.7k
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024

Derived from the latest filing

How the business works

Profit margin: −38.5%; Profit ÷ revenue.
Gross margin: 100%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £554k; Revenue ÷ average employees.
Profit per employee: −£213k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.3%; 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 −£459k
Cash at bank: ▼85%; Now £6.5k
Headcount: 0%; Now 2
Deferred income: ▲4655%; Now £35.7k
Fixed assets: ▼50%; Now £61

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 30 Sep 2023 (profit −£426k), from the Companies House accounts bulk data published Jun 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.