Isle of Wight Mountain Bike Centre Community Interest Company
Registered name: ISLE OF WIGHT MOUNTAIN BIKE CENTRE COMMUNITY INTEREST COMPANY
Isle of Wight Mountain Bike Centre Community Interest Company made £47.9k revenue and a £12.9k loss in the year to 31 Oct 2023.
Isle of Wight Mountain Bike Centre Community Interest Company’s revenue fell 40% to £47.9k in the year to 31 Oct 2023, with a loss of £12.9k and 6 employees. The company is classified under “other sports activities” and is based in Newport; we hold 2 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Newport, South East
- Age
- 7 yrs · since 2019
- 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 Oct 2022 | 31 Oct 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £79.2k | £47.9k |
| Cost of sales | £56k | £10.2k |
| Gross profit | £23.2k | £37.7k |
| Operating profit | £26.7k | −£15.2k |
| Profit before tax | £26.7k | −£15.2k |
| Profit after tax | £26.7k | −£12.9k |
| Profit (best available) | £26.7k | −£12.9k |
| Employees (average) | 6 | 6 |
| Ratios | ||
| Profit margin | 33.7% | −27% |
| Gross margin | 29.3% | 78.8% |
| Revenue per employee | £13.2k | £8k |
| Profit per employee | £4.4k | −£2.2k |
| Growth (year on year) | ||
| Revenue growth | — | ▼39.5% |
| Profit growth | — | ▼148.4% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £19.2k | £1.2k |
| Net assets | £46.9k | £33.9k |
| Fixed assets | £44.7k | £33.6k |
| Current assets | £26.4k | £5.2k |
| Debtors | £918 | £2.4k |
| Deferred income | £12.8k | £650 |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 |
How the business works
- Profit margin
- −27%
- Profit ÷ revenue.
- Gross margin
- 78.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £8k
- Revenue ÷ average employees.
- Profit per employee
- −£2.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 70.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 5.1%
- 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
- ▼28%
- Now £33.9k
- Cash at bank
- ▼94%
- Now £1.2k
- Headcount
- 0%
- Now 6
- Deferred income
- ▼95%
- Now £650
- Fixed assets
- ▼25%
- Now £33.6k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
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Sources
Latest figures from FullAccounts for the year to 31 Oct 2023 (profit −£12.9k), from the Companies House accounts bulk data published Jul 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.