How much does Spruce Carpets Ltd. make?

Spruce Carpets Ltd. reported revenue of £882k and £160k profit in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Spruce Carpets Ltd. have?

Spruce Carpets Ltd. reported an average of 16 employees in the year to 31 Mar 2023.

Is Spruce Carpets Ltd. profitable?

Yes — Spruce Carpets Ltd. reported a profit of £160k in the year to 31 Mar 2023.

Company No. SC280302 · Incorporated 21 Feb 2005

Spruce Carpets Ltd.

Registered name: SPRUCE CARPETS LTD.

Spruce Carpets Ltd. made £882k revenue and £160k profit in the year to 31 Mar 2023.

Spruce Carpets Ltd.’s revenue fell 2% to £882k in the year to 31 Mar 2023, with £160k profit and 16 employees. The company is classified under “remediation activities and other waste management services” and is based in Glasgow; we hold 2 years of its filed accounts.

Full P&L filedSection E · Water supply, sewerage and waste managementSIC 39000Remediation activities and other waste management services

Status: Active
Location: Glasgow, Scotland
Age: 21 yrs · since 2005
Type: PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)

Non-profit. It is limited by guarantee (typically an association, club or management company), so it isn't run for profit. It is excluded from our opportunity lists.

Latest accounts · year to 31 Mar 2023

Key figures

IndependentCapital-lightBoring industry

Revenue

£882k

Growth ▼2.1%

Profit

£160k

Growth ▲126.9%

Profit margin

18.1%

Gross 18.1%

Employees

Change ▼27.3%

Profit / employee

£10k

Revenue/employee £55.2k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£902k	£882k
Cost of sales	£831k	£723k
Gross profit	£70.4k	£160k
Operating profit	£70.4k	£160k
Profit before tax	£70.4k	£160k
Profit after tax	£70.4k	£160k
Profit (best available)	£70.4k	£160k
Employees (average)	22	16
Ratios
Profit margin	7.8%	18.1%
Gross margin	7.8%	18.1%
Revenue per employee	£41k	£55.2k
Profit per employee	£3.2k	£10k
Growth (year on year)
Revenue growth	—	▼2.1%
Profit growth	—	▲126.9%
Headcount growth	—	▼27.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£281k	£397k
Net assets	£398k	£557k
Fixed assets	£20.4k	£15.1k
Current assets	£461k	£631k
Debtors	£136k	£176k
Deferred income	£25.4k	£9.8k
Source	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Jan 2024

Derived from the latest filing

How the business works

Profit margin: 18.1%; Profit ÷ revenue.
Gross margin: 18.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £55.2k; Revenue ÷ average employees.
Profit per employee: £10k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.9%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▲40%; Now £557k
Cash at bank: ▲42%; Now £397k
Headcount: ▼27%; Now 16
Deferred income: ▼61%; Now £9.8k
Fixed assets: ▼26%; Now £15.1k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2023 (profit £160k), from the Companies House accounts bulk data published Jan 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.