Speedset Retail Ltd
Registered name: SPEEDSET RETAIL LTD
Speedset Retail Ltd made £391k revenue and £90.4k profit in the year to 30 Sep 2024.
Speedset Retail Ltd’s revenue grew 29% to £391k in the year to 30 Sep 2024, with £90.4k profit and 10 employees. The company is classified under “other service activities” and is based in Harrow; we hold 4 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Harrow, London
- Age
- 8 yrs · since 2018
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2021 | 28 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £290k | £304k | £391k |
| Cost of sales | — | — | £147k | £163k |
| Gross profit | — | — | £157k | £227k |
| Operating profit | — | — | £56.2k | £112k |
| Profit before tax | — | — | £56.2k | £112k |
| Profit after tax | — | £73.9k | £45.5k | £90.4k |
| Profit (best available) | — | £73.9k | £45.5k | £90.4k |
| Staff costs | — | £25k | £27.5k | — |
| Employees (average) | 1 | 1 | 2 | 10 |
| Ratios | ||||
| Profit margin | — | 25.5% | 15% | 23.1% |
| Gross margin | — | — | 51.6% | 58.2% |
| Revenue per employee | — | £290k | £152k | £39.1k |
| Profit per employee | — | £73.9k | £22.8k | £9k |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲4.7% | ▲28.7% |
| Profit growth | — | — | ▼38.4% | ▲98.4% |
| Headcount growth | — | 0% | ▲100% | ▲400% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | — | — | £156k | £297k |
| Net assets | £82k | £80.6k | £114k | £212k |
| Fixed assets | £700 | £0 | — | £1.8k |
| Current assets | £191k | £190k | £156k | £309k |
| Debtors | — | — | — | £12.3k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Jun 2025 |
How the business works
- Profit margin
- 23.1%
- Profit ÷ revenue.
- Gross margin
- 58.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £39.1k
- Revenue ÷ average employees.
- Profit per employee
- £9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 3.1%
- 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
- ▲86%
- Now £212k
- Cash at bank
- ▲91%
- Now £297k
- Headcount
- ▲400%
- Now 10
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £1.8k
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Sources
Latest figures from FullAccounts for the year to 30 Sep 2024 (profit £90.4k), from the Companies House accounts bulk data published Jun 2025. 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.