The Falmouth Pilot Cutter CIC
Registered name: THE FALMOUTH PILOT CUTTER CIC
The Falmouth Pilot Cutter CIC made £153k revenue and £1.6k profit in the year to 30 Sep 2025.
The Falmouth Pilot Cutter CIC’s revenue grew 13% to £153k in the year to 30 Sep 2025, with £1.6k profit and 1 employee. The company is classified under “building of pleasure and sporting boats” and is based in Truro; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Truro, South West
- Age
- 10 yrs · since 2016
- 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 | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £136k | £153k |
| Cost of sales | — | — | £91k | £91.8k |
| Gross profit | — | — | £45.3k | £61.6k |
| Operating profit | — | — | −£42.4k | £6.7k |
| Profit before tax | — | — | −£42.4k | £6.7k |
| Profit after tax | — | — | −£42.4k | £1.6k |
| Profit (best available) | — | — | −£42.4k | £1.6k |
| Employees (average) | 2 | 2 | 2 | 1 |
| Ratios | ||||
| Profit margin | — | — | −31.1% | 1.1% |
| Gross margin | — | — | 33.2% | 40.1% |
| Revenue per employee | — | — | £68.1k | £153k |
| Profit per employee | — | — | −£21.2k | £1.6k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲12.6% |
| Headcount growth | — | 0% | 0% | ▼50% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £17.9k | £37k | £33.9k | £56.3k |
| Net assets | −£682k | −£774k | −£816k | −£814k |
| Fixed assets | £781k | £724k | £724k | £722k |
| Current assets | £25k | £47.4k | £37.4k | £68.4k |
| Debtors | £7.1k | £3.2k | £0 | £9.9k |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 1.1%
- Profit ÷ revenue.
- Gross margin
- 40.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £153k
- Revenue ÷ average employees.
- Profit per employee
- £1.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 470.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 6.5%
- 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 −£814k
- Cash at bank
- ▲66%
- Now £56.3k
- Headcount
- ▼50%
- Now 1
- Deferred income
- —
- Now —
- Fixed assets
- ▼0%
- Now £722k
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 30 Sep 2025 (profit £1.6k), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.
Updated from Companies House on 25 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.