Reds Community Hub CIC
Registered name: REDS COMMUNITY HUB CIC
Reds Community Hub CIC made £57.1k revenue and £1.8k profit in the year to 31 May 2025.
Reds Community Hub CIC’s revenue fell 9% to £57.1k in the year to 31 May 2025, with £1.8k profit and 2 employees. The company is classified under “cultural education” and is based in Larne; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Larne, Northern Ireland
- Age
- 8 yrs · since 2018
- 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 May 2022 | 31 May 2023 | 29 May 2024 | 31 May 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £73.6k | £81.9k | £62.4k | £57.1k |
| Cost of sales | £25.1k | £18.4k | £7.3k | £6.3k |
| Gross profit | £48.5k | £63.5k | £55.2k | £50.8k |
| Operating profit | −£13k | −£3.9k | −£3.3k | £2k |
| Profit before tax | −£13.4k | −£4k | −£3.6k | £1.8k |
| Profit after tax | −£13.4k | −£4k | −£3.6k | £1.8k |
| Profit (best available) | −£13.4k | −£4k | −£3.6k | £1.8k |
| Employees (average) | 2 | 2 | 2 | 2 |
| Ratios | ||||
| Profit margin | −18.2% | −4.8% | −5.8% | 3.2% |
| Gross margin | 65.9% | 77.5% | 88.4% | 89% |
| Revenue per employee | £36.8k | £40.9k | £31.2k | £28.6k |
| Profit per employee | −£6.7k | −£2k | −£1.8k | £906 |
| Growth (year on year) | ||||
| Revenue growth | — | ▲11.3% | ▼23.8% | ▼8.5% |
| Headcount growth | — | 0% | 0% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £14.6k | £726 | £1.5k | £885 |
| Net assets | £15.5k | £11.5k | £7.9k | £9.7k |
| Fixed assets | £44k | £47.7k | £40.5k | £34.5k |
| Current assets | £14.6k | £726 | £1.5k | £885 |
| Deferred income | £9.1k | £10.3k | £11.5k | £12.7k |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 3.2%
- Profit ÷ revenue.
- Gross margin
- 89%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £28.6k
- Revenue ÷ average employees.
- Profit per employee
- £906
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 60.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 22.3%
- 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
- ▲23%
- Now £9.7k
- Cash at bank
- ▼42%
- Now £885
- Headcount
- 0%
- Now 2
- Deferred income
- ▲10%
- Now £12.7k
- Fixed assets
- ▼15%
- Now £34.5k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Similar profitable businesses
- Youththegap CICBrighton · Cultural education
- Revenue
- £102k
- Profit
- £51.6k
- Staff
- 2
- The Potthouse Collective CICCheltenham · Cultural education
- Revenue
- £104k
- Profit
- £23.2k
- Staff
- 1
- Caledonia Funeral Aid CICEdinburgh · Cultural education
- Revenue
- £110k
- Profit
- £14.2k
- Staff
- 2
- Kashfi's Children C.I.C.Wincanton · Cultural education
- Revenue
- £112k
- Profit
- £3.3k
- Staff
- 0
- Slovak Learning CICLondon · Cultural education
- Revenue
- £115k
- Profit
- £47
- Staff
- 12
- Incubating Arts CICLeeds · Cultural education
- Revenue
- £115k
- Profit
- £750
- Staff
- 0
Sources
Latest figures from FullAccounts for the year to 31 May 2025 (profit £1.8k), from the Companies House accounts bulk data published Sep 2026. 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.