Met Facilities LLP
Registered name: MET FACILITIES LLP
Met Facilities LLP made £665k revenue and £0 profit in the year to 31 Mar 2023.
Met Facilities LLP’s revenue fell 23% to £665k in the year to 31 Mar 2023, with £0 profit and 6 employees. The company is based in London; we hold 2 years of its filed accounts.
- Status
- Liquidation
- Location
- London, London
- Age
- 14 yrs · since 2012
- 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 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £866k | £665k |
| Operating profit | £16.6k | £13k |
| Profit after tax | £0 | £0 |
| Profit (best available) | £0 | £0 |
| Staff costs | £371k | £197k |
| Employees (average) | 10 | 6 |
| Ratios | ||
| Profit margin | 0% | 0% |
| Revenue per employee | £86.6k | £111k |
| Profit per employee | £0 | £0 |
| Cash conversion | 2260% | 124.7% |
| Growth (year on year) | ||
| Revenue growth | — | ▼23.2% |
| Headcount growth | — | ▼40% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £504k | £403k |
| Net assets | — | — |
| Fixed assets | £6k | £6k |
| Current assets | £1.5m | £2.1m |
| Debtors | £23.5k | £0 |
| Deferred income | £77.1k | £59.2k |
| Cash from operations | £374k | £16.3k |
| Source | Accounts · bulk data Mar 2024 | Accounts · bulk data Mar 2024 |
How the business works
- Profit margin
- 0%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £111k
- Revenue ÷ average employees.
- Profit per employee
- £0
- Profit ÷ average employees.
- Cash conversion
- 124.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 8.9%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- —
- Now —
- Cash at bank
- ▼20%
- Now £403k
- Headcount
- ▼40%
- Now 6
- Deferred income
- ▼23%
- Now £59.2k
- Fixed assets
- 0%
- Now £6k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Sources
Latest figures from accounts for the year to 31 Mar 2023 (profit £0), from the Companies House accounts bulk data published Mar 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.