It’s a Family Thing CIC
Registered name: IT’S A FAMILY THING CIC
It’s a Family Thing CIC made £4.9k revenue and a £18.7k loss in the year to 31 Jan 2025.
It’s a Family Thing CIC’s revenue fell 85% to £4.9k in the year to 31 Jan 2025, with a loss of £18.7k and 1 employee. The company is classified under “artistic creation” and is based in Wolverhampton; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Wolverhampton, West Midlands
- Age
- 4 yrs · since 2022
- 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 2023 | 31 Jan 2024 | 31 Jan 2025 |
|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £32k | £4.9k |
| Cost of sales | — | £8.6k | £14.3k |
| Gross profit | — | £23.4k | −£9.4k |
| Operating profit | — | £20.8k | −£18.7k |
| Profit before tax | — | £20.8k | −£18.7k |
| Profit after tax | — | £20.8k | −£18.7k |
| Profit (best available) | — | £20.8k | −£18.7k |
| Employees (average) | 0 | 0 | 1 |
| Ratios | |||
| Profit margin | — | 64.9% | −380.6% |
| Gross margin | — | 73.2% | −192.3% |
| Revenue per employee | — | — | £4.9k |
| Profit per employee | — | — | −£18.7k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▼84.7% |
| Profit growth | — | — | ▼189.9% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £60 | £21k | £2.6k |
| Net assets | −£1k | £19.7k | £1.1k |
| Fixed assets | £480 | £360 | £240 |
| Current assets | £60 | £21k | £2.6k |
| Source | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2025 |
How the business works
- Profit margin
- −380.6%
- Profit ÷ revenue.
- Gross margin
- −192.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £4.9k
- Revenue ÷ average employees.
- Profit per employee
- −£18.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 4.9%
- 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
- ▼95%
- Now £1.1k
- Cash at bank
- ▼88%
- Now £2.6k
- Headcount
- —
- Now 1
- Deferred income
- —
- Now —
- Fixed assets
- ▼33%
- Now £240
Sources
Latest figures from FullAccounts for the year to 31 Jan 2025 (profit −£18.7k), 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.