How much does Wells Community Network CIC make?

Wells Community Network CIC reported revenue of £14.8k and £165 profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Wells Community Network CIC have?

Wells Community Network CIC reported an average of 0 employees in the year to 31 Dec 2023.

Is Wells Community Network CIC profitable?

Yes — Wells Community Network CIC reported a profit of £165 in the year to 31 Dec 2023.

Company No. 12835027

Wells Community Network CICDissolved

Registered name: WELLS COMMUNITY NETWORK CIC

Wells Community Network CIC made £14.8k revenue and £165 profit in the year to 31 Dec 2023.

Wells Community Network CIC’s revenue fell 14% to £14.8k in the year to 31 Dec 2023, with £165 profit and 0 employees. We hold 3 years of its filed accounts. It is no longer on the Companies House register.

Full P&L filed

This company is no longer on the Companies House register. Figures are from its last filed accounts.

Status: Dissolved

Last filed accounts · year to 31 Dec 2023

Key figures

IndependentSmall team

Revenue

£14.8k

Growth ▼13.7%

Profit

£165

Growth —

Profit margin

1.1%

Gross 30.2%

Employees

Change —

Profit / employee

—

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£41.9k	£17.2k	£14.8k
Cost of sales	£24.4k	£14.8k	£10.4k
Gross profit	£17.6k	£2.4k	£4.5k
Operating profit	£9.6k	£1.1k	£678
Profit before tax	£9.6k	£1.1k	£678
Profit after tax	£9.6k	−£298	£165
Profit (best available)	£9.6k	−£298	£165
Employees (average)	0	0	0
Ratios
Profit margin	23%	−1.7%	1.1%
Gross margin	41.9%	13.9%	30.2%
Growth (year on year)
Revenue growth	—	—	▼13.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£11.4k	£11.1k	£24.4k
Net assets	£9.5k	£9.2k	£9.4k
Current assets	£11.4k	£11.1k	£24.4k
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 1.1%; Profit ÷ revenue.
Gross margin: 30.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; 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: ▲2%; Now £9.4k
Cash at bank: ▲120%; Now £24.4k
Headcount: —; Now 0
Deferred income: —; Now —
Fixed assets: —; Now —

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £165), from the Companies House accounts bulk data published Sep 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.