How much does Furnish 1 Ltd make?

Furnish 1 Ltd reported revenue of £7.5m and £1.4m profit in the year to 31 Aug 2023, according to its accounts filed at Companies House.

How many employees does Furnish 1 Ltd have?

Furnish 1 Ltd reported an average of 15 employees in the year to 31 Aug 2023.

Is Furnish 1 Ltd profitable?

Yes — Furnish 1 Ltd reported a profit of £1.4m in the year to 31 Aug 2023.

Company No. 11502298 · Incorporated 6 Aug 2018

Furnish 1 Ltd

Registered name: FURNISH 1 LTD

Furnish 1 Ltd made £7.5m revenue and £1.4m profit in the year to 31 Aug 2023.

Furnish 1 Ltd’s revenue grew 49% to £7.5m in the year to 31 Aug 2023, with £1.4m profit and 15 employees. The company is classified under “non-specialised wholesale trade” and is based in Cardiff; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46900Non-specialised wholesale trade SIC 82110Combined office administrative service activities

Status: Active - Proposal to Strike off
Location: Cardiff, Wales
Age: 8 yrs · since 2018
Type: Private Limited Company

Latest accounts · year to 31 Aug 2023

Key figures

IndependentOperating leverage

Revenue

£7.5m

Growth ▲49.3%

Profit

£1.4m

Growth ▲57.8%

Profit margin

18.2%

Gross 29.3%

Employees

Change ▲66.7%

Profit / employee

£91.1k

Revenue/employee £501k

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 Aug 2022	31 Aug 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£5m	£7.5m
Cost of sales	£3.7m	£5.3m
Gross profit	£1.4m	£2.2m
Operating profit	£1m	£1.7m
Profit before tax	£1m	£1.7m
Profit after tax	£866k	£1.4m
Profit (best available)	£866k	£1.4m
Employees (average)	9	15
Ratios
Profit margin	17.2%	18.2%
Gross margin	27.4%	29.3%
Revenue per employee	£560k	£501k
Profit per employee	£96.2k	£91.1k
Growth (year on year)
Revenue growth	—	▲49.3%
Profit growth	—	▲57.8%
Headcount growth	—	▲66.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£394k	£426k
Net assets	£2.8m	£4.1m
Fixed assets	£1.2m	£1.7m
Current assets	£1.9m	£3m
Debtors	£904k	£1.5m
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024

Derived from the latest filing

How the business works

Profit margin: 18.2%; Profit ÷ revenue.
Gross margin: 29.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £501k; Revenue ÷ average employees.
Profit per employee: £91.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 22.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.6%; 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: ▲49%; Now £4.1m
Cash at bank: ▲8%; Now £426k
Headcount: ▲67%; Now 15
Deferred income: —; Now —
Fixed assets: ▲40%; Now £1.7m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Aug 2023 (profit £1.4m), from the Companies House accounts bulk data published Mar 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.