How much does Glocom Tech Ltd make?

Glocom Tech Ltd reported revenue of £351k and £1.3k profit in the year to 31 Oct 2022, according to its accounts filed at Companies House.

How many employees does Glocom Tech Ltd have?

Glocom Tech Ltd reported an average of 2 employees in the year to 31 Oct 2022.

Is Glocom Tech Ltd profitable?

Yes — Glocom Tech Ltd reported a profit of £1.3k in the year to 31 Oct 2022.

Company No. 12292552 · Incorporated 31 Oct 2019

Glocom Tech Ltd

Registered name: GLOCOM TECH LTD

Glocom Tech Ltd made £351k revenue and £1.3k profit in the year to 31 Oct 2022.

Glocom Tech Ltd’s revenue fell 10% to £351k in the year to 31 Oct 2022, with £1.3k profit and 2 employees. The company is classified under “retail sale via mail order houses or via internet” and is based in Bradford; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47910Retail sale via mail order houses or via Internet

Status: Active - Proposal to Strike off
Location: Bradford, Yorkshire and The Humber
Age: 6 yrs · since 2019
Type: Private Limited Company

Latest accounts · year to 31 Oct 2022

Key figures

IndependentSmall teamCapital-lightYoung and profitable

Revenue

£351k

Growth ▼9.9%

Profit

£1.3k

Growth ▲128.1%

Profit margin

0.4%

Employees

Change —

Profit / employee

£657

Revenue/employee £175k

Profitable streak

2yrs

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 Oct 2021	31 Oct 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£389k	£351k
Profit after tax	£576	£1.3k
Profit (best available)	£576	£1.3k
Staff costs	£9.7k	£43.7k
Employees (average)	—	2
Ratios
Profit margin	0.1%	0.4%
Revenue per employee	—	£175k
Profit per employee	—	£657
Growth (year on year)
Revenue growth	—	▼9.9%
Profit growth	—	▲128.1%
Balance sheet — indirect signals, not revenue
Net assets	−£40k	−£46.9k
Fixed assets	£353	£459
Current assets	£12.3k	£12.5k
Source	FullAccounts · bulk data Oct 2023	FullAccounts · bulk data Oct 2023

Derived from the latest filing

How the business works

Profit margin: 0.4%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £175k; Revenue ÷ average employees.
Profit per employee: £657; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.1%; 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.

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 −£46.9k
Cash at bank: —; Now —
Headcount: —; Now 2
Deferred income: —; Now —
Fixed assets: ▲30%; Now £459

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2022 (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.