Terrafarmer Agriculture Ltd
Registered name: TERRAFARMER AGRICULTURE LTD
Part of Cornish Mutual Assurance Company,limited groupTerrafarmer Agriculture Ltd made £722k revenue and a £273k loss in the year to 30 Sep 2023.
Terrafarmer Agriculture Ltd’s revenue was £722k in the year to 30 Sep 2023, with a loss of £273k and 5 employees. The company is classified under “support activities for crop production” and is based in Truro; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Truro, South West
- Age
- 5 yrs · since 2021
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2022 | 30 Sep 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £75.6k | £722k |
| Cost of sales | £39.3k | £441k |
| Gross profit | £36.3k | £281k |
| Operating profit | −£91.1k | −£273k |
| Profit before tax | −£91.1k | −£273k |
| Profit after tax | −£91.1k | −£273k |
| Profit (best available) | −£91.1k | −£273k |
| Employees (average) | 3 | 5 |
| Ratios | ||
| Profit margin | −120.5% | −37.8% |
| Gross margin | 48% | 38.9% |
| Revenue per employee | £25.2k | £144k |
| Profit per employee | −£30.4k | −£54.6k |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £32.6k | £58.8k |
| Net assets | −£90.1k | −£122k |
| Fixed assets | £830 | £359k |
| Current assets | £69.3k | £189k |
| Debtors | £33.2k | £95.4k |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 |
How the business works
- Profit margin
- −37.8%
- Profit ÷ revenue.
- Gross margin
- 38.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £144k
- Revenue ÷ average employees.
- Profit per employee
- −£54.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 49.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.2%
- 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 −£122k
- Cash at bank
- —
- Now £58.8k
- Headcount
- —
- Now 5
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £359k
Group structure
Ownership chain
- Cornish Mutual Assurance Company,limitedultimate parent75–100%
- Terrafarmer Agriculture Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- South West Farm Consultants LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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- Staff
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- Rivere Scientific LtdLondon · Support activities for crop production
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- Agronomy Connection LimitedNottingham · Support activities for crop production
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- SD Digger Hire LtdHuntly · Support activities for crop production
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- Profit
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- Staff
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Sources
Latest figures from FullAccounts for the year to 30 Sep 2023 (profit −£273k), from the Companies House accounts bulk data published Jun 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.