How much does A Better Tomorrow C.I.C. make?

A Better Tomorrow C.I.C. reported revenue of £962k and £56.1k profit in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does A Better Tomorrow C.I.C. have?

A Better Tomorrow C.I.C. reported an average of 15 employees in the year to 31 Mar 2023.

Is A Better Tomorrow C.I.C. profitable?

Yes — A Better Tomorrow C.I.C. reported a profit of £56.1k in the year to 31 Mar 2023.

Company No. 08828406 · Incorporated 31 Dec 2013

A Better Tomorrow C.I.C.

Registered name: A BETTER TOMORROW C.I.C.

A Better Tomorrow C.I.C. made £962k revenue and £56.1k profit in the year to 31 Mar 2023.

A Better Tomorrow C.I.C.’s revenue grew 48% to £962k in the year to 31 Mar 2023, with £56.1k profit and 15 employees. The company is classified under “other social work activities without accommodation” and is based in Telford; we hold 2 years of its filed accounts.

Full P&L filedSection Q · Human health and social workSIC 88990Other social work activities without accommodation n.e.c.

Status: Active
Location: Telford, West Midlands
Age: 12 yrs · since 2013
Type: Community Interest Company

Latest accounts · year to 31 Mar 2023

Key figures

IndependentCapital-lightOperating leverage

Revenue

£962k

Growth ▲47.8%

Profit

£56.1k

Growth ▲241.7%

Profit margin

5.8%

Gross 73.6%

Employees

Change ▲50%

Profit / employee

£3.7k

Revenue/employee £64.2k

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)	£651k	£962k
Cost of sales	£185k	£254k
Gross profit	£466k	£709k
Operating profit	£16.4k	£69.2k
Profit before tax	£16.4k	£69.2k
Profit after tax	£16.4k	£56.1k
Profit (best available)	£16.4k	£56.1k
Employees (average)	10	15
Ratios
Profit margin	2.5%	5.8%
Gross margin	71.5%	73.6%
Revenue per employee	£65.1k	£64.2k
Profit per employee	£1.6k	£3.7k
Growth (year on year)
Revenue growth	—	▲47.8%
Profit growth	—	▲241.7%
Headcount growth	—	▲50%
Balance sheet — indirect signals, not revenue
Cash at bank	£21.7k	£86.8k
Net assets	£36.2k	£92.3k
Fixed assets	£0	£5.2k
Current assets	£38.1k	£107k
Debtors	£0	£0
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: 5.8%; Profit ÷ revenue.
Gross margin: 73.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £64.2k; Revenue ÷ average employees.
Profit per employee: £3.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.5%; 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.

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: ▲155%; Now £92.3k
Cash at bank: ▲299%; Now £86.8k
Headcount: ▲50%; Now 15
Deferred income: —; Now —
Fixed assets: —; Now £5.2k

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2023 (profit £56.1k), from the Companies House accounts bulk data published Dec 2023. 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.