Sing Away CIC
Registered name: SING AWAY CIC
Sing Away CIC made £11.7k revenue and £1.8k profit in the year to 31 Jul 2023.
Sing Away CIC’s revenue grew 641% to £11.7k in the year to 31 Jul 2023, with £1.8k profit and 0 employees. The company is classified under “artistic creation” and is based in Walsall; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Walsall, 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 2022 | 31 Jul 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £1.6k | £11.7k |
| Gross profit | £1.6k | £11.7k |
| Operating profit | £621 | £1.9k |
| Profit before tax | £621 | £1.9k |
| Profit after tax | £503 | £1.8k |
| Profit (best available) | £503 | £1.8k |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | 32% | 15.7% |
| Gross margin | 100% | 100% |
| Growth (year on year) | ||
| Revenue growth | — | ▲640.8% |
| Profit growth | — | ▲264.4% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £621 | £4.5k |
| Net assets | £503 | £2.3k |
| Current assets | £621 | £4.5k |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2024 |
How the business works
- Profit margin
- 15.7%
- Profit ÷ revenue.
- Gross margin
- 100%
- 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
- —
- 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
- ▲364%
- Now £2.3k
- Cash at bank
- ▲631%
- Now £4.5k
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Sources
Latest figures from FullAccounts for the year to 31 Jul 2023 (profit £1.8k), 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.