How much does Sendcode CIC make?

Sendcode CIC reported revenue of £221k and £151 profit in the year to 30 Nov 2023, according to its accounts filed at Companies House.

How many employees does Sendcode CIC have?

Sendcode CIC reported an average of 2 employees in the year to 30 Nov 2023.

Is Sendcode CIC profitable?

Yes — Sendcode CIC reported a profit of £151 in the year to 30 Nov 2023.

Company No. 12313191 · Incorporated 13 Nov 2019

Sendcode CIC

Registered name: SENDCODE CIC

Sendcode CIC made £221k revenue and £151 profit in the year to 30 Nov 2023.

Sendcode CIC’s revenue grew 47% to £221k in the year to 30 Nov 2023, with £151 profit and 2 employees. The company is classified under “educational support services” and is based in Manchester; we hold 2 years of its filed accounts.

Full P&L filedSection P · EducationSIC 85600Educational support services

Status: Active
Location: Manchester, North West
Age: 6 yrs · since 2019
Type: Community Interest Company

Latest accounts · year to 30 Nov 2023

Key figures

IndependentSmall teamCapital-lightYoung and profitable

Revenue

£221k

Growth ▲47%

Profit

£151

Growth ▼99.5%

Profit margin

0.1%

Gross 99.8%

Employees

Change 0%

Profit / employee

£76

Revenue/employee £110k

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	30 Nov 2022	30 Nov 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£150k	£221k
Cost of sales	£1.4k	£357
Gross profit	£149k	£220k
Operating profit	£33.8k	£235
Profit before tax	£33.8k	£235
Profit after tax	£28k	£151
Profit (best available)	£28k	£151
Employees (average)	2	2
Ratios
Profit margin	18.6%	0.1%
Gross margin	99.1%	99.8%
Revenue per employee	£75k	£110k
Profit per employee	£14k	£76
Growth (year on year)
Revenue growth	—	▲47%
Profit growth	—	▼99.5%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£51.5k	£47.5k
Net assets	£37.2k	£37.4k
Fixed assets	£3.4k	£3.2k
Current assets	£52.9k	£55.3k
Debtors	£1.3k	£7.8k
Deferred income	£0	£0
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024

Derived from the latest filing

How the business works

Profit margin: 0.1%; Profit ÷ revenue.
Gross margin: 99.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £110k; Revenue ÷ average employees.
Profit per employee: £76; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.5%; 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: ▲0%; Now £37.4k
Cash at bank: ▼8%; Now £47.5k
Headcount: 0%; Now 2
Deferred income: —; Now £0
Fixed assets: ▼6%; Now £3.2k

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

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Nov 2023 (profit £151), from the Companies House accounts bulk data published Apr 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.