Ibiza Vice Ltd.Dissolved
Registered name: IBIZA VICE LTD.
Ibiza Vice Ltd. made £1.4m revenue and £289k profit in the year to 31 Jan 2023.
Ibiza Vice Ltd.’s revenue grew 189% to £1.4m in the year to 31 Jan 2023, with £289k profit and 5 employees. We hold 2 years of its filed accounts. It is no longer on the Companies House register.
- Status
- Dissolved
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jan 2022 | 31 Jan 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £483k | £1.4m |
| Cost of sales | £406k | £1m |
| Gross profit | £77.1k | £385k |
| Operating profit | £50.3k | £361k |
| Profit before tax | £50.3k | £361k |
| Profit after tax | £40.8k | £289k |
| Profit (best available) | £40.8k | £289k |
| Employees (average) | 3 | 5 |
| Ratios | ||
| Profit margin | 8.4% | 20.7% |
| Gross margin | 16% | 27.5% |
| Revenue per employee | £161k | £280k |
| Profit per employee | £13.6k | £57.8k |
| Growth (year on year) | ||
| Revenue growth | — | ▲189.4% |
| Profit growth | — | ▲608.6% |
| Headcount growth | — | ▲66.7% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | — | £68k |
| Net assets | £402k | £604k |
| Fixed assets | £32.1k | £57.5k |
| Current assets | £43.6k | £556k |
| Debtors | — | £468k |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 |
How the business works
- Profit margin
- 20.7%
- Profit ÷ revenue.
- Gross margin
- 27.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £280k
- Revenue ÷ average employees.
- Profit per employee
- £57.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 4.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 33.5%
- 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
- ▲50%
- Now £604k
- Cash at bank
- —
- Now £68k
- Headcount
- ▲67%
- Now 5
- Deferred income
- —
- Now —
- Fixed assets
- ▲79%
- Now £57.5k
Sources
Latest figures from accounts for the year to 31 Jan 2023 (profit £289k), 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.