How much does Good Ways Network CIC make?

Good Ways Network CIC reported revenue of £504k and a loss of £116k in the year to 31 Aug 2023, according to its accounts filed at Companies House.

How many employees does Good Ways Network CIC have?

Good Ways Network CIC reported an average of 7 employees in the year to 31 Aug 2023.

Is Good Ways Network CIC profitable?

No — Good Ways Network CIC reported a loss of £116k in the year to 31 Aug 2023.

Company No. 12800558 · Incorporated 7 Aug 2020

Good Ways Network CIC

Registered name: GOOD WAYS NETWORK CIC

Good Ways Network CIC made £504k revenue and a £116k loss in the year to 31 Aug 2023.

Good Ways Network CIC’s revenue fell 7% to £504k in the year to 31 Aug 2023, with a loss of £116k and 7 employees. The company is classified under “other publishing activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 58190Other publishing activities SIC 71112Urban planning and landscape architectural activities SIC 93290Other amusement and recreation activities n.e.c.SIC 94990Activities of other membership organizations n.e.c.

Status: Active
Location: London, London
Age: 6 yrs · since 2020
Type: Community Interest Company

Latest accounts · year to 31 Aug 2023

Key figures

IndependentSmall teamCapital-light

Revenue

£504k

Growth ▼6.7%

Profit

−£116k

Growth ▼218.1%

Profit margin

−23%

Gross 51.2%

Employees

Change ▲40%

Profit / employee

−£16.6k

Revenue/employee £72k

Profitable streak

0yrs

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)	£540k	£504k
Cost of sales	£192k	£246k
Gross profit	£348k	£258k
Operating profit	£98.2k	−£116k
Profit before tax	£98.2k	−£116k
Profit after tax	£98.2k	−£116k
Profit (best available)	£98.2k	−£116k
Employees (average)	5	7
Ratios
Profit margin	18.2%	−23%
Gross margin	64.4%	51.2%
Revenue per employee	£108k	£72k
Profit per employee	£19.6k	−£16.6k
Growth (year on year)
Revenue growth	—	▼6.7%
Profit growth	—	▼218.1%
Headcount growth	—	▲40%
Balance sheet — indirect signals, not revenue
Cash at bank	£218k	£109k
Net assets	£142k	£26.6k
Fixed assets	£6.9k	£6.6k
Current assets	£225k	£124k
Debtors	£5k	£11.5k
Deferred income	£53.8k	£57.2k
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024

Derived from the latest filing

How the business works

Profit margin: −23%; Profit ÷ revenue.
Gross margin: 51.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £72k; Revenue ÷ average employees.
Profit per employee: −£16.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 11.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 2.3%; 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: ▼81%; Now £26.6k
Cash at bank: ▼50%; Now £109k
Headcount: ▲40%; Now 7
Deferred income: ▲6%; Now £57.2k
Fixed assets: ▼5%; Now £6.6k

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 31 Aug 2023 (profit −£116k), from the Companies House accounts bulk data published May 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.