Work IT Through CIC
Registered name: WORK IT THROUGH CIC
Work IT Through CIC made £58.5k revenue and £2.9k profit in the year to 31 Jul 2024.
Work IT Through CIC’s revenue grew 143% to £58.5k in the year to 31 Jul 2024, with £2.9k profit and 0 employees. The company is classified under “other education” and is based in Mildenhall; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Mildenhall
- 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) | £24.1k | £58.5k |
| Cost of sales | £18.8k | £43.6k |
| Gross profit | £5.3k | £14.9k |
| Operating profit | £2.1k | £3.3k |
| Profit before tax | £2.1k | £3.3k |
| Profit after tax | £1.8k | £2.9k |
| Profit (best available) | £1.8k | £2.9k |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | 7.6% | 5% |
| Gross margin | 22% | 25.4% |
| Growth (year on year) | ||
| Revenue growth | — | ▲142.7% |
| Profit growth | — | ▲58% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £2.9k | £5.2k |
| Net assets | £1.8k | £4.7k |
| Fixed assets | £784 | £2.4k |
| Current assets | £2.9k | £5.2k |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Oct 2024 |
How the business works
- Profit margin
- 5%
- Profit ÷ revenue.
- Gross margin
- 25.4%
- 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
- 4.1%
- 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
- ▲158%
- Now £4.7k
- Cash at bank
- ▲83%
- Now £5.2k
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- ▲203%
- Now £2.4k
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Sources
Latest figures from FullAccounts for the year to 31 Jul 2024 (profit £2.9k), from the Companies House accounts bulk data published Oct 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.