How much does Cornish Compass Ltd make?

Cornish Compass Ltd reported revenue of £38.5k and a loss of £5.1k in the year to 31 Jan 2023, according to its accounts filed at Companies House.

How many employees does Cornish Compass Ltd have?

Cornish Compass Ltd reported an average of 0 employees in the year to 31 Jan 2023.

Is Cornish Compass Ltd profitable?

No — Cornish Compass Ltd reported a loss of £5.1k in the year to 31 Jan 2023.

Company No. 13128706

Cornish Compass LtdDissolved

Registered name: CORNISH COMPASS LTD

Cornish Compass Ltd made £38.5k revenue and a £5.1k loss in the year to 31 Jan 2023.

Cornish Compass Ltd’s revenue grew 33% to £38.5k in the year to 31 Jan 2023, with a loss of £5.1k and 0 employees. We hold 2 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 Jan 2023

Key figures

IndependentSmall teamCapital-light

Revenue

£38.5k

Growth ▲33.3%

Profit

−£5.1k

Growth ▼171%

Profit margin

−13.3%

Gross −13.1%

Employees

Change —

Profit / employee

—

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 Jan 2022	31 Jan 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£28.9k	£38.5k
Cost of sales	£3.3k	£43.6k
Gross profit	£25.6k	−£5k
Operating profit	£7.5k	−£5k
Profit before tax	£7.5k	−£5k
Profit after tax	£7.2k	−£5.1k
Profit (best available)	£7.2k	−£5.1k
Employees (average)	0	0
Ratios
Profit margin	25%	−13.3%
Gross margin	88.5%	−13.1%
Growth (year on year)
Revenue growth	—	▲33.3%
Profit growth	—	▼171%
Balance sheet — indirect signals, not revenue
Cash at bank	£7.2k	£1.3k
Net assets	£7.4k	£2.2k
Fixed assets	£250	£250
Current assets	£7.2k	£2k
Debtors	£0	£720
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024

Derived from the latest filing

How the business works

Profit margin: −13.3%; Profit ÷ revenue.
Gross margin: −13.1%; 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: 0.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.9%; 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: ▼70%; Now £2.2k
Cash at bank: ▼83%; Now £1.3k
Headcount: —; Now 0
Deferred income: —; Now —
Fixed assets: 0%; Now £250

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2023 (profit −£5.1k), from the Companies House accounts bulk data published Apr 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.