Connect Hut Ltd
Registered name: CONNECT HUT LTD
Connect Hut Ltd made £4.3m revenue and £636k profit in the year to 31 Dec 2023.
Connect Hut Ltd’s revenue grew 28% to £4.3m in the year to 31 Dec 2023, with £636k profit and 12 employees. The company is classified under “wholesale of household goods (other than musical instruments)” and is based in Cardiff; we hold 4 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Cardiff, Wales
- Age
- 7 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 Dec 2020 | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £3.4m | £4.3m |
| Cost of sales | — | — | £2.4m | £2.9m |
| Gross profit | — | — | £991k | £1.4m |
| Operating profit | — | — | £413k | £785k |
| Profit before tax | — | — | £413k | £785k |
| Profit after tax | — | — | £334k | £636k |
| Profit (best available) | — | — | £334k | £636k |
| Employees (average) | 3 | 9 | 10 | 12 |
| Ratios | ||||
| Profit margin | — | — | 9.9% | 14.7% |
| Gross margin | — | — | 29.4% | 32% |
| Revenue per employee | — | — | £337k | £361k |
| Profit per employee | — | — | £33.4k | £53k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲28.5% |
| Profit growth | — | — | — | ▲90.1% |
| Headcount growth | — | ▲200% | ▲11.1% | ▲20% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £103 | £92.7k | £72.6k | £194k |
| Net assets | £15.5k | £542k | £877k | £1.5m |
| Fixed assets | £12.4k | £141k | £285k | £443k |
| Current assets | £16.4k | £473k | £709k | £1.2m |
| Debtors | £15k | £217k | £375k | £569k |
| Source | AbridgedAccounts · bulk data Dec 2023 | AbridgedAccounts · bulk data Dec 2023 | AbridgedAccounts · bulk data Dec 2023 | FullAccounts · bulk data Nov 2024 |
How the business works
- Profit margin
- 14.7%
- Profit ÷ revenue.
- Gross margin
- 32%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £361k
- Revenue ÷ average employees.
- Profit per employee
- £53k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 10.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.2%
- 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
- ▲73%
- Now £1.5m
- Cash at bank
- ▲167%
- Now £194k
- Headcount
- ▲20%
- Now 12
- Deferred income
- —
- Now —
- Fixed assets
- ▲56%
- Now £443k
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £636k), from the Companies House accounts bulk data published Nov 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.