Southshore Convenience Store Ltd
Registered name: SOUTHSHORE CONVENIENCE STORE LTD
Southshore Convenience Store Ltd made £722k revenue and £28.4k profit in the year to 31 Aug 2023.
Southshore Convenience Store Ltd’s revenue fell 23% to £722k in the year to 31 Aug 2023, with £28.4k profit and 2 employees. The company is classified under “retail sale in non-specialised stores with food, beverages or tobacco predominating” and is based in Edmonton; we hold 3 years of its filed accounts.
- Status
- Liquidation
- Location
- Edmonton, London
- Age
- 6 yrs · since 2020
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Aug 2021 | 31 Aug 2022 | 31 Aug 2023 |
|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £935k | £722k |
| Cost of sales | — | £734k | £598k |
| Gross profit | — | £201k | £123k |
| Operating profit | — | £74k | £28.4k |
| Profit before tax | — | £74k | £28.4k |
| Profit after tax | — | £74k | £28.4k |
| Profit (best available) | — | £74k | £28.4k |
| Employees (average) | 2 | 4 | 2 |
| Ratios | |||
| Profit margin | — | 7.9% | 3.9% |
| Gross margin | — | 21.5% | 17.1% |
| Revenue per employee | — | £234k | £361k |
| Profit per employee | — | £18.5k | £14.2k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▼22.8% |
| Profit growth | — | — | ▼61.7% |
| Headcount growth | — | ▲100% | ▼50% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £26.7k | £69.1k | £7.5k |
| Net assets | £73k | £86k | £22.7k |
| Fixed assets | £87.5k | £103k | £95.6k |
| Current assets | £56.1k | £109k | £42.8k |
| Debtors | £20.1k | £15.7k | — |
| Source | FullAccounts · bulk data Oct 2023 | FullAccounts · bulk data Oct 2023 | FullAccounts · bulk data Aug 2024 |
How the business works
- Profit margin
- 3.9%
- Profit ÷ revenue.
- Gross margin
- 17.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £361k
- Revenue ÷ average employees.
- Profit per employee
- £14.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 13.3%
- 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.
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
- ▼74%
- Now £22.7k
- Cash at bank
- ▼89%
- Now £7.5k
- Headcount
- ▼50%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- ▼8%
- Now £95.6k
Similar profitable businesses
- Majid Retail LtdNewcastle Upon Tyne · Retail sale in non-specialised stores with food, beverages or tobacco predominating
- Revenue
- £714k
- Profit
- £10.4k
- Staff
- 2
- Burgerdrop Plus LtdNewcastle Upon Tyne · Retail sale in non-specialised stores with food, beverages or tobacco predominating
- Revenue
- £702k
- Profit
- £351k
- Staff
- 3
- Bestone1coatsworth LtdGateshead · Retail sale in non-specialised stores with food, beverages or tobacco predominating
- Revenue
- £701k
- Profit
- £356k
- Staff
- 3
- Ak Private LimitedLondon · Retail sale in non-specialised stores with food, beverages or tobacco predominating
- Revenue
- £699k
- Profit
- £1.1k
- Staff
- 4
- S K Newsagents LimitedHarrow Weald · Retail sale in non-specialised stores with food, beverages or tobacco predominating
- Revenue
- £699k
- Profit
- £16.5k
- Staff
- 4
- Best1victoria LtdGateshead · Retail sale in non-specialised stores with food, beverages or tobacco predominating
- Revenue
- £678k
- Profit
- £223k
- Staff
- 4
Sources
Latest figures from FullAccounts for the year to 31 Aug 2023 (profit £28.4k), from the Companies House accounts bulk data published Aug 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.