Absolute 20 Minutes Ltd
Registered name: ABSOLUTE 20 MINUTES LTD
Absolute 20 Minutes Ltd made £15.6k revenue and a £40.7k loss in the year to 31 Mar 2024.
Absolute 20 Minutes Ltd’s revenue fell 77% to £15.6k in the year to 31 Mar 2024, with a loss of £40.7k and 2 employees. The company is classified under “fitness facilities” and is based in Sutton-in-Ashfield; we hold 2 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Sutton-in-Ashfield, East Midlands
- Age
- 7 yrs · since 2019
- 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 Mar 2023 | 31 Mar 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £67.4k | £15.6k |
| Cost of sales | £36.5k | £12.2k |
| Gross profit | £30.9k | £3.4k |
| Operating profit | −£18.4k | −£40.7k |
| Profit before tax | −£18.4k | −£40.7k |
| Profit after tax | −£18.4k | −£40.7k |
| Profit (best available) | −£18.4k | −£40.7k |
| Employees (average) | 2 | 2 |
| Ratios | ||
| Profit margin | −27.3% | −260.7% |
| Gross margin | 45.9% | 22.1% |
| Revenue per employee | £33.7k | £7.8k |
| Profit per employee | −£9.2k | −£20.3k |
| Growth (year on year) | ||
| Revenue growth | — | ▼76.9% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £3.9k | £1k |
| Net assets | £51.3k | £51.2k |
| Fixed assets | £32.2k | £25.9k |
| Current assets | £19.1k | £25.3k |
| Debtors | £13.9k | £24k |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 |
How the business works
- Profit margin
- −260.7%
- Profit ÷ revenue.
- Gross margin
- 22.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £7.8k
- Revenue ÷ average employees.
- Profit per employee
- −£20.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 165.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 153.8%
- 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
- ▼0%
- Now £51.2k
- Cash at bank
- ▼74%
- Now £1k
- Headcount
- 0%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- ▼20%
- Now £25.9k
Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit −£40.7k), from the Companies House accounts bulk data published Jun 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.