Patchwork Studios CIC
Registered name: PATCHWORK STUDIOS CIC
Patchwork Studios CIC made £88k revenue and £6.1k profit in the year to 28 Jul 2025.
Patchwork Studios CIC’s revenue fell 32% to £88k in the year to 28 Jul 2025, with £6.1k profit and 0 employees. The company is classified under “sound recording and music publishing activities” and is based in Torpoint; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Torpoint, South West
- Age
- 8 yrs · since 2018
- 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 Jul 2022 | 29 Jul 2023 | 28 Jul 2024 | 28 Jul 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £100k | £145k | £129k | £88k |
| Cost of sales | £53.2k | £103k | £97.6k | £66.7k |
| Gross profit | £46.8k | £41.6k | £31.8k | £21.3k |
| Operating profit | £3.8k | −£17k | −£19.8k | £6.1k |
| Profit before tax | £3.8k | −£17k | −£19.8k | £6.1k |
| Profit after tax | £3.8k | −£17k | −£19.8k | £6.1k |
| Profit (best available) | £3.8k | −£17k | −£19.8k | £6.1k |
| Employees (average) | 0 | 0 | 0 | 0 |
| Ratios | ||||
| Profit margin | 3.8% | −11.8% | −15.3% | 7% |
| Gross margin | 46.8% | 28.8% | 24.6% | 24.2% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲44.6% | ▼10.5% | ▼32% |
| Profit growth | — | ▼550.3% | — | — |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £35.4k | £19.2k | £7.2k | £10.3k |
| Net assets | £58.4k | £41.4k | £21.6k | £27.7k |
| Fixed assets | £8.1k | £7.4k | £15.5k | £19.4k |
| Current assets | £52.4k | £35.8k | £7.2k | £10.3k |
| Debtors | £17k | £16.6k | £0 | £0 |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Apr 2026 | FullAccounts · bulk data Apr 2026 |
How the business works
- Profit margin
- 7%
- Profit ÷ revenue.
- Gross margin
- 24.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 22.1%
- 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
- ▲28%
- Now £27.7k
- Cash at bank
- ▲43%
- Now £10.3k
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- ▲25%
- Now £19.4k
Similar profitable businesses
- Blueshift Developments LimitedSound recording and music publishing activities
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- Profit
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- Staff
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- Turbo House LtdBristol · Sound recording and music publishing activities
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- Profit
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- Bxcellence Community Interest CompanyBristol · Sound recording and music publishing activities
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- £109k
- Profit
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- Staff
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- The Btspod LimitedCroydon · Sound recording and music publishing activities
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- Profit
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- Layered Sounds CICLiverpool · Sound recording and music publishing activities
- Revenue
- £115k
- Profit
- £20.7k
- Staff
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- Fat Live LtdShrewsbury · Sound recording and music publishing activities
- Revenue
- £120k
- Profit
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- Staff
- 0
Sources
Latest figures from FullAccounts for the year to 28 Jul 2025 (profit £6.1k), from the Companies House accounts bulk data published Apr 2026. 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.