Functional Space Ltd
Registered name: FUNCTIONAL SPACE LTD
Functional Space Ltd made £224k revenue and £811 profit in the year to 30 Nov 2024.
Functional Space Ltd’s revenue fell 8% to £224k in the year to 30 Nov 2024, with £811 profit and 2 employees. The company is classified under “floor and wall covering” and is based in Romford; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Romford, London
- Age
- 4 yrs · since 2021
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Nov 2022 | 30 Nov 2023 | 30 Nov 2024 |
|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £244k | £224k |
| Profit after tax | — | £989 | £811 |
| Profit (best available) | — | £989 | £811 |
| Staff costs | — | £228k | £210k |
| Employees (average) | 1 | 8 | 2 |
| Ratios | |||
| Profit margin | — | 0.4% | 0.4% |
| Revenue per employee | — | £30.5k | £112k |
| Profit per employee | — | £124 | £406 |
| Growth (year on year) | |||
| Revenue growth | — | — | ▼8.3% |
| Profit growth | — | — | ▼18% |
| Headcount growth | — | ▲700% | ▼75% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | £47.6k | £96.7k | £2.1k |
| Current assets | £50.2k | £103k | £57.8k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Oct 2025 |
How the business works
- Profit margin
- 0.4%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £112k
- Revenue ÷ average employees.
- Profit per employee
- £406
- 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
- ▼98%
- Now £2.1k
- Cash at bank
- —
- Now —
- Headcount
- ▼75%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
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Sources
Latest figures from FullAccounts for the year to 30 Nov 2024 (profit £811), from the Companies House accounts bulk data published Oct 2025. 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.