Tight Lines Community Interest Company
Registered name: TIGHT LINES COMMUNITY INTEREST COMPANY
Tight Lines Community Interest Company made £2.6k revenue and £303 profit in the year to 31 Jul 2024.
Tight Lines Community Interest Company’s revenue fell 40% to £2.6k in the year to 31 Jul 2024, with £303 profit and 4 employees. The company is classified under “marine fishing” and is based in Truro; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Truro, South West
- 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 Jul 2023 | 31 Jul 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £4.3k | £2.6k |
| Cost of sales | £1.3k | £1.2k |
| Gross profit | £3k | £1.4k |
| Operating profit | £1.7k | £374 |
| Profit before tax | £1.7k | £374 |
| Profit after tax | £1.4k | £303 |
| Profit (best available) | £1.4k | £303 |
| Employees (average) | 2 | 4 |
| Ratios | ||
| Profit margin | 31.3% | 11.7% |
| Gross margin | 68.9% | 55.3% |
| Revenue per employee | £2.2k | £646 |
| Profit per employee | £677 | £76 |
| Growth (year on year) | ||
| Revenue growth | — | ▼40.2% |
| Profit growth | — | ▼77.6% |
| Headcount growth | — | ▲100% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.7k | £1.7k |
| Net assets | £1.4k | £1.7k |
| Current assets | £1.7k | £1.7k |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2025 |
How the business works
- Profit margin
- 11.7%
- Profit ÷ revenue.
- Gross margin
- 55.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £646
- Revenue ÷ average employees.
- Profit per employee
- £76
- 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
- ▲22%
- Now £1.7k
- Cash at bank
- ▲3%
- Now £1.7k
- Headcount
- ▲100%
- Now 4
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Sources
Latest figures from FullAccounts for the year to 31 Jul 2024 (profit £303), from the Companies House accounts bulk data published Apr 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.