Next 2 Let LLP
Registered name: NEXT 2 LET LLP
Next 2 Let LLP made £28k revenue and a £4.7k loss in the year to 30 Sep 2024.
Next 2 Let LLP’s revenue fell 41% to £28k in the year to 30 Sep 2024, with a loss of £4.7k and 2 employees. The company is based in Newtownards; we hold 3 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Newtownards, Northern Ireland
- Age
- 13 yrs · since 2013
- Type
- Limited Liability Partnership
Partnership. Profit is shown before the partners' own pay, so margins aren't comparable with a limited company. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 |
|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £47.4k | £28k |
| Cost of sales | — | £30.8k | £27k |
| Gross profit | — | £16.6k | £1k |
| Profit before tax | — | £4.2k | −£2.5k |
| Profit after tax | — | £2k | −£4.7k |
| Profit (best available) | — | £2k | −£4.7k |
| Employees (average) | 2 | 2 | 2 |
| Ratios | |||
| Profit margin | — | 4.1% | −16.8% |
| Gross margin | — | 35.1% | 3.6% |
| Revenue per employee | — | £23.7k | £14k |
| Profit per employee | — | £978 | −£2.4k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▼40.9% |
| Profit growth | — | — | ▼340.3% |
| Headcount growth | — | 0% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.2k | £5.3k | £2.8k |
| Net assets | £1.7k | £5.3k | £5.7k |
| Current assets | £1.7k | £5.3k | £5.7k |
| Debtors | £506 | £0 | £2.9k |
| Source | FilletedAccounts · bulk data Jan 2024 | FilletedAccounts · bulk data Jan 2024 | FullAccounts · bulk data May 2025 |
How the business works
- Profit margin
- −16.8%
- Profit ÷ revenue.
- Gross margin
- 3.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £14k
- Revenue ÷ average employees.
- Profit per employee
- −£2.4k
- 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
- 10.2%
- 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
- ▲7%
- Now £5.7k
- Cash at bank
- ▼47%
- Now £2.8k
- Headcount
- 0%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Sources
Latest figures from FullAccounts for the year to 30 Sep 2024 (profit −£4.7k), from the Companies House accounts bulk data published May 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.