New Beginnings Creative CIC
Registered name: NEW BEGINNINGS CREATIVE CIC
New Beginnings Creative CIC made £9k revenue and a £5.7k loss in the year to 31 Oct 2022.
New Beginnings Creative CIC’s revenue fell 63% to £9k in the year to 31 Oct 2022, with a loss of £5.7k and 1 employee. The company is classified under “other activities of employment placement agencies” and is based in Birmingham; we hold 2 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Birmingham, West Midlands
- Age
- 6 yrs · since 2020
- Type
- Community Interest Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Oct 2021 | 31 Oct 2022 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £24.4k | £9k |
| Cost of sales | £2k | £1.1k |
| Gross profit | £22.5k | £7.9k |
| Operating profit | £11.2k | −£5.8k |
| Profit before tax | £11.2k | −£5.7k |
| Profit after tax | £11.2k | −£5.7k |
| Profit (best available) | £11.2k | −£5.7k |
| Employees (average) | 1 | 1 |
| Ratios | ||
| Profit margin | 45.7% | −63.9% |
| Gross margin | 91.9% | 87.6% |
| Revenue per employee | £24.4k | £9k |
| Profit per employee | £11.2k | −£5.7k |
| Growth (year on year) | ||
| Revenue growth | — | ▼63.2% |
| Profit growth | — | ▼151.4% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £11.4k | £0 |
| Net assets | £11.2k | −£6k |
| Fixed assets | £386 | £289 |
| Current assets | £11.4k | £0 |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 |
How the business works
- Profit margin
- −63.9%
- Profit ÷ revenue.
- Gross margin
- 87.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £9k
- Revenue ÷ average employees.
- Profit per employee
- −£5.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 3.2%
- 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
- ▼154%
- Now −£6k
- Cash at bank
- ▼100%
- Now £0
- Headcount
- 0%
- Now 1
- Deferred income
- —
- Now —
- Fixed assets
- ▼25%
- Now £289
Sources
Latest figures from accounts for the year to 31 Oct 2022 (profit −£5.7k), 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.