Cloak Room CIC
Registered name: CLOAK ROOM CIC
Cloak Room CIC made £70.8k revenue and a £3.5k loss in the year to 31 Jan 2024.
Cloak Room CIC’s revenue fell 56% to £70.8k in the year to 31 Jan 2024, with a loss of £3.5k and 3 employees. The company is classified under “event catering activities” and is based in Chepstow; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Chepstow, Wales
- Age
- 5 yrs · since 2021
- 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 Jan 2022 | 31 Jan 2023 | 31 Jan 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £84.3k | £162k | £70.8k |
| Cost of sales | £19.8k | £49.4k | £25.3k |
| Gross profit | £64.4k | £113k | £45.5k |
| Operating profit | −£15.4k | −£4.1k | −£3.5k |
| Profit before tax | −£15.4k | −£4.1k | −£3.5k |
| Profit after tax | −£15.4k | −£4.1k | −£3.5k |
| Profit (best available) | −£15.4k | −£4.1k | −£3.5k |
| Employees (average) | 5 | 2 | 3 |
| Ratios | |||
| Profit margin | −18.3% | −2.5% | −4.9% |
| Gross margin | 76.5% | 69.6% | 64.3% |
| Revenue per employee | £16.9k | £81.2k | £23.6k |
| Profit per employee | −£3.1k | −£2.1k | −£1.2k |
| Growth (year on year) | |||
| Revenue growth | — | ▲92.7% | ▼56.4% |
| Headcount growth | — | ▼60% | ▲50% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.2k | £0 | £1.8k |
| Net assets | −£15.4k | −£19.5k | −£23k |
| Fixed assets | £632 | £13.6k | £4.9k |
| Current assets | £1.5k | £2.5k | £14.7k |
| Debtors | £250 | £2.4k | £11.7k |
| Deferred income | — | £996 | — |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | FullAccounts · bulk data Oct 2024 |
How the business works
- Profit margin
- −4.9%
- Profit ÷ revenue.
- Gross margin
- 64.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £23.6k
- Revenue ÷ average employees.
- Profit per employee
- −£1.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 16.6%
- 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
- —
- Now −£23k
- Cash at bank
- —
- Now £1.8k
- Headcount
- ▲50%
- Now 3
- Deferred income
- —
- Now —
- Fixed assets
- ▼64%
- Now £4.9k
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Sources
Latest figures from FullAccounts for the year to 31 Jan 2024 (profit −£3.5k), from the Companies House accounts bulk data published Oct 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.