Flormag LtdDissolved
Registered name: FLORMAG LTD
Flormag Ltd made £65.7k revenue and a £18.1k loss in the year to 31 May 2023.
Flormag Ltd’s revenue grew 30% to £65.7k in the year to 31 May 2023, with a loss of £18.1k and 1 employee. We hold 2 years of its filed accounts. It is no longer on the Companies House register.
- Status
- Dissolved
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 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £50.3k | £65.7k |
| Cost of sales | £32.4k | £48.3k |
| Gross profit | £17.9k | £17.4k |
| Operating profit | £16.8k | £302 |
| Profit before tax | £16.8k | £302 |
| Profit after tax | £2.2k | −£18.1k |
| Profit (best available) | £2.2k | −£18.1k |
| Employees (average) | 1 | 1 |
| Ratios | ||
| Profit margin | 4.5% | −27.6% |
| Gross margin | 35.6% | 26.5% |
| Revenue per employee | £50.3k | £65.7k |
| Profit per employee | £2.2k | −£18.1k |
| Growth (year on year) | ||
| Revenue growth | — | ▲30.5% |
| Profit growth | — | ▼910.9% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £2.5k | £3k |
| Net assets | £10.6k | £18.5k |
| Fixed assets | £3.4k | £4.5k |
| Current assets | £7.2k | £14k |
| Debtors | £0 | £0 |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 |
How the business works
- Profit margin
- −27.6%
- Profit ÷ revenue.
- Gross margin
- 26.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £65.7k
- Revenue ÷ average employees.
- Profit per employee
- −£18.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 6.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- 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
- ▲75%
- Now £18.5k
- Cash at bank
- ▲20%
- Now £3k
- Headcount
- 0%
- Now 1
- Deferred income
- —
- Now —
- Fixed assets
- ▲32%
- Now £4.5k
Sources
Latest figures from FullAccounts for the year to 31 May 2023 (profit −£18.1k), from the Companies House accounts bulk data published Feb 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.