Support When IT Matters Enterprise CIC
Registered name: SUPPORT WHEN IT MATTERS ENTERPRISE CIC
Support When IT Matters Enterprise CIC made £740k revenue and £143k profit in the year to 31 Mar 2024.
Support When IT Matters Enterprise CIC’s revenue grew 19% to £740k in the year to 31 Mar 2024, with £143k profit and 11 employees. The company is classified under “other business support service activities” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- 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 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £421k | £621k | £740k |
| Cost of sales | £82.6k | £141k | £184k |
| Gross profit | £339k | £480k | £556k |
| Operating profit | £33.7k | £157k | £189k |
| Profit before tax | £33.7k | £157k | £189k |
| Profit after tax | £33.7k | £157k | £143k |
| Profit (best available) | £33.7k | £157k | £143k |
| Employees (average) | 12 | 10 | 11 |
| Ratios | |||
| Profit margin | 8% | 25.2% | 19.3% |
| Gross margin | 80.4% | 77.3% | 75.1% |
| Revenue per employee | £35.1k | £62.1k | £67.3k |
| Profit per employee | £2.8k | £15.7k | £13k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲19.2% |
| Profit growth | — | — | ▼8.8% |
| Headcount growth | — | — | ▲10% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £193k | £244k | £34.9k |
| Net assets | £58.3k | £141k | £233k |
| Current assets | £193k | £244k | £34.9k |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | FullAccounts · bulk data Jul 2024 |
How the business works
- Profit margin
- 19.3%
- Profit ÷ revenue.
- Gross margin
- 75.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £67.3k
- Revenue ÷ average employees.
- Profit per employee
- £13k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- ▲66%
- Now £233k
- Cash at bank
- ▼86%
- Now £34.9k
- Headcount
- ▲10%
- Now 11
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £143k), 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.