How much does Home Changers Limited make?

Home Changers Limited reported revenue of £6.1m and £903k profit in the year to 31 Jul 2023, according to its accounts filed at Companies House.

How many employees does Home Changers Limited have?

Home Changers Limited reported an average of 17 employees in the year to 31 Jul 2023.

Is Home Changers Limited profitable?

Yes — Home Changers Limited reported a profit of £903k in the year to 31 Jul 2023.

Company No. 11473721 · Incorporated 19 Jul 2018

Home Changers Limited

Registered name: HOME CHANGERS LIMITED

Home Changers Limited made £6.1m revenue and £903k profit in the year to 31 Jul 2023.

Home Changers Limited’s revenue grew 16% to £6.1m in the year to 31 Jul 2023, with £903k profit and 17 employees. The company is classified under “wholesale of wood, construction materials and sanitary equipment” and is based in Southport; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46730Wholesale of wood, construction materials and sanitary equipment SIC 46900Non-specialised wholesale trade

Status: Liquidation
Location: Southport, North West
Age: 8 yrs · since 2018
Type: Private Limited Company

Latest accounts · year to 31 Jul 2023

Key figures

IndependentOperating leverage

Revenue

£6.1m

Growth ▲16%

Profit

£903k

Growth ▲18.8%

Profit margin

14.8%

Gross 26%

Employees

Change ▲30.8%

Profit / employee

£53.1k

Revenue/employee £359k

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	31 Jul 2022	31 Jul 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£5.3m	£6.1m
Cost of sales	£3.9m	£4.5m
Gross profit	£1.4m	£1.6m
Operating profit	£927k	£1.1m
Profit before tax	£927k	£1.1m
Profit after tax	£760k	£903k
Profit (best available)	£760k	£903k
Employees (average)	13	17
Ratios
Profit margin	14.4%	14.8%
Gross margin	25.9%	26%
Revenue per employee	£405k	£359k
Profit per employee	£58.5k	£53.1k
Growth (year on year)
Revenue growth	—	▲16%
Profit growth	—	▲18.8%
Headcount growth	—	▲30.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£454k	£668k
Net assets	£2.5m	£3.4m
Fixed assets	£836k	£1.3m
Current assets	£1.9m	£2.4m
Debtors	£965k	£1.1m
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024

Derived from the latest filing

How the business works

Profit margin: 14.8%; Profit ÷ revenue.
Gross margin: 26%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £359k; Revenue ÷ average employees.
Profit per employee: £53.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 20.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.4%; 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: ▲36%; Now £3.4m
Cash at bank: ▲47%; Now £668k
Headcount: ▲31%; Now 17
Deferred income: —; Now —
Fixed assets: ▲50%; Now £1.3m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jul 2023 (profit £903k), from the Companies House accounts bulk data published May 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.