How much does The Qfit Gym CIC make?

The Qfit Gym CIC reported revenue of £67.7k and £1.3k profit in the year to 31 Aug 2023, according to its accounts filed at Companies House.

How many employees does The Qfit Gym CIC have?

The Qfit Gym CIC reported an average of 2 employees in the year to 31 Aug 2023.

Is The Qfit Gym CIC profitable?

Yes — The Qfit Gym CIC reported a profit of £1.3k in the year to 31 Aug 2023.

Company No. 12157358

The Qfit Gym CICDissolved

Registered name: THE QFIT GYM CIC

The Qfit Gym CIC made £67.7k revenue and £1.3k profit in the year to 31 Aug 2023.

The Qfit Gym CIC’s revenue grew 82% to £67.7k in the year to 31 Aug 2023, with £1.3k profit and 2 employees. We hold 2 years of its filed accounts. It is no longer on the Companies House register.

Full P&L filed

This company is no longer on the Companies House register. Figures are from its last filed accounts.

Status: Dissolved

Last filed accounts · year to 31 Aug 2023

Key figures

IndependentSmall teamCapital-light

Revenue

£67.7k

Growth ▲81.7%

Profit

£1.3k

Growth —

Profit margin

Gross 2%

Employees

Change 0%

Profit / employee

£666

Revenue/employee £33.8k

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Aug 2022	31 Aug 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£37.3k	£67.7k
Cost of sales	£73.3k	£66.4k
Gross profit	−£36.1k	£1.3k
Operating profit	−£25.6k	£1.3k
Profit before tax	−£25.6k	£1.3k
Profit after tax	−£25.6k	£1.3k
Profit (best available)	−£25.6k	£1.3k
Employees (average)	2	2
Ratios
Profit margin	−68.6%	2%
Gross margin	−96.8%	2%
Revenue per employee	£18.6k	£33.8k
Profit per employee	−£12.8k	£666
Growth (year on year)
Revenue growth	—	▲81.7%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.4k	£18.8k
Net assets	−£19k	£24.7k
Fixed assets	£3k	£5.9k
Current assets	£3.4k	£18.8k
Debtors	—	£0
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023

Derived from the latest filing

How the business works

Profit margin: 2%; Profit ÷ revenue.
Gross margin: 2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £33.8k; Revenue ÷ average employees.
Profit per employee: £666; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 8.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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 £24.7k
Cash at bank: ▲445%; Now £18.8k
Headcount: 0%; Now 2
Deferred income: —; Now —
Fixed assets: ▲100%; Now £5.9k

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Aug 2023 (profit £1.3k), from the Companies House accounts bulk data published Oct 2023. 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.