Mindseye Development CIC
Registered name: MINDSEYE DEVELOPMENT CIC
Mindseye Development CIC made £96.7k revenue and a £12k loss in the year to 31 Jul 2026.
Mindseye Development CIC’s revenue fell 10% to £96.7k in the year to 31 Jul 2026, with a loss of £12k and 3 employees. The company is classified under “other business support service activities” and is based in Sutton Coldfield; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Sutton Coldfield, West Midlands
- 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 Jul 2024 | 31 Jul 2025 | 31 Jul 2026 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £86.6k | £107k | £96.7k |
| Cost of sales | £5.1k | £9.2k | £30.7k |
| Gross profit | £81.5k | £98k | £66k |
| Operating profit | −£1.6k | £1.7k | −£12k |
| Profit before tax | −£1.6k | £1.7k | −£12k |
| Profit after tax | −£1.6k | £1.7k | −£12k |
| Profit (best available) | −£1.6k | £1.7k | −£12k |
| Employees (average) | 3 | 4 | 3 |
| Ratios | |||
| Profit margin | −1.9% | 1.6% | −12.4% |
| Gross margin | 94.1% | 91.4% | 68.3% |
| Revenue per employee | £28.9k | £26.8k | £32.2k |
| Profit per employee | −£538 | £426 | −£4k |
| Growth (year on year) | |||
| Revenue growth | — | ▲23.8% | ▼9.8% |
| Profit growth | — | — | ▼805.6% |
| Headcount growth | — | ▲33.3% | ▼25% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £33.2k | £53k | £4.8k |
| Net assets | £14.6k | £16.3k | £4.3k |
| Fixed assets | £3.9k | £3.5k | £3.2k |
| Current assets | £33.2k | £53k | £4.8k |
| Deferred income | £0 | £573 | — |
| Source | FullAccounts · bulk data Jun 2026 | FullAccounts · bulk data Jun 2026 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −12.4%
- Profit ÷ revenue.
- Gross margin
- 68.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £32.2k
- Revenue ÷ average employees.
- Profit per employee
- −£4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 3.3%
- 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
- ▼74%
- Now £4.3k
- Cash at bank
- ▼91%
- Now £4.8k
- Headcount
- ▼25%
- Now 3
- Deferred income
- —
- Now —
- Fixed assets
- ▼10%
- Now £3.2k
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Sources
Latest figures from FullAccounts for the year to 31 Jul 2026 (profit −£12k), from the Companies House accounts bulk data published Sep 2026. 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.