Rusty Road to Recovery CIC
Registered name: RUSTY ROAD TO RECOVERY CIC
Rusty Road to Recovery CIC made £35.1k revenue and a £13.6k loss in the year to 31 May 2023.
Rusty Road to Recovery CIC’s revenue fell 79% to £35.1k in the year to 31 May 2023, with a loss of £13.6k and 2 employees. The company is classified under “other social work activities without accommodation” and is based in Bridgwater; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Bridgwater, South West
- Age
- 7 yrs · since 2018
- Type
- Community Interest Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2022 | 31 May 2023 |
|---|---|---|
| Disclosure | Profit & loss | Profit & loss |
| Profit & loss | ||
| Revenue (turnover) | £163k | £35.1k |
| Cost of sales | £90.5k | £18.4k |
| Gross profit | £72.9k | £16.8k |
| Operating profit | £5k | −£13k |
| Profit before tax | £4.3k | −£13.6k |
| Profit after tax | £4.3k | −£13.6k |
| Profit (best available) | £4.3k | −£13.6k |
| Employees (average) | 3 | 2 |
| Ratios | ||
| Profit margin | 2.6% | −38.7% |
| Gross margin | 44.6% | 47.8% |
| Revenue per employee | £54.5k | £17.6k |
| Profit per employee | £1.4k | −£6.8k |
| Growth (year on year) | ||
| Revenue growth | — | ▼78.5% |
| Profit growth | — | ▼414.2% |
| Headcount growth | — | ▼33.3% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £6.4k | £809 |
| Net assets | −£8.2k | −£35.6k |
| Fixed assets | £8.6k | £5.1k |
| Current assets | £30.5k | £10.4k |
| Debtors | £22.1k | £9.6k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 |
How the business works
- Profit margin
- −38.7%
- Profit ÷ revenue.
- Gross margin
- 47.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £17.6k
- Revenue ÷ average employees.
- Profit per employee
- −£6.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 14.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 27.3%
- 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
- —
- Now −£35.6k
- Cash at bank
- ▼87%
- Now £809
- Headcount
- ▼33%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- ▼40%
- Now £5.1k
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 May 2023 (profit −£13.6k), from the Companies House accounts bulk data published Dec 2023. Spotted an error? Request a correction.