Victor Okolo Ltd
Registered name: VICTOR OKOLO LTD
Victor Okolo Ltd made £57.6k revenue and £23.8k profit in the year to 31 Oct 2023.
Victor Okolo Ltd’s revenue grew 44% to £57.6k in the year to 31 Oct 2023, with £23.8k profit and 1 employee. The company is classified under “residential care activities for learning difficulties, mental health and substance abuse” and is based in Bury ST. Edmunds; we hold 2 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Bury ST. Edmunds, East of England
- 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 | 31 Oct 2022 | 31 Oct 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £40.1k | £57.6k |
| Cost of sales | £4.1k | £1.4k |
| Gross profit | £36k | £56.3k |
| Operating profit | £13.2k | £29.6k |
| Profit before tax | £13.2k | £29.4k |
| Profit after tax | £10.7k | £23.8k |
| Profit (best available) | £10.7k | £23.8k |
| Employees (average) | 1 | 1 |
| Ratios | ||
| Profit margin | 26.8% | 41.4% |
| Gross margin | 89.9% | 97.7% |
| Revenue per employee | £40.1k | £57.6k |
| Profit per employee | £10.7k | £23.8k |
| Growth (year on year) | ||
| Revenue growth | — | ▲43.8% |
| Profit growth | — | ▲122.5% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £3.7k | £3k |
| Net assets | £406 | −£2.7k |
| Fixed assets | £400 | £360 |
| Current assets | £16.2k | £15.5k |
| Debtors | £12.5k | £12.5k |
| Source | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2024 |
How the business works
- Profit margin
- 41.4%
- Profit ÷ revenue.
- Gross margin
- 97.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £57.6k
- Revenue ÷ average employees.
- Profit per employee
- £23.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 21.7%
- 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
- ▼777%
- Now −£2.7k
- Cash at bank
- ▼20%
- Now £3k
- Headcount
- 0%
- Now 1
- Deferred income
- —
- Now —
- Fixed assets
- ▼10%
- Now £360
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Sources
Latest figures from FullAccounts for the year to 31 Oct 2023 (profit £23.8k), 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.