How much does First People Housing CIC make?

First People Housing CIC reported revenue of £481k and £107k profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does First People Housing CIC have?

First People Housing CIC reported an average of 3 employees in the year to 31 Mar 2024.

Is First People Housing CIC profitable?

Yes — First People Housing CIC reported a profit of £107k in the year to 31 Mar 2024.

Company No. 14005037 · Incorporated 28 Mar 2022

First People Housing CIC

Registered name: FIRST PEOPLE HOUSING CIC

First People Housing CIC made £481k revenue and £107k profit in the year to 31 Mar 2024.

First People Housing CIC’s revenue grew 267% to £481k in the year to 31 Mar 2024, with £107k profit and 3 employees. The company is classified under “other human health activities” and is based in Hatfield; we hold 2 years of its filed accounts.

Full P&L filedSection Q · Human health and social workSIC 86900Other human health activities SIC 87200Residential care activities for learning difficulties, mental health and substance abuse

Status: Active
Location: Hatfield, East of England
Age: 4 yrs · since 2022
Type: Community Interest Company

Latest accounts · year to 31 Mar 2024

Key figures

IndependentSmall teamYoung and profitableOperating leverage

Revenue

£481k

Growth ▲266.6%

Profit

£107k

Growth ▲1476%

Profit margin

22.2%

Gross 100%

Employees

Change ▲50%

Profit / employee

£35.6k

Revenue/employee £160k

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 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£131k	£481k
Gross profit	£131k	£481k
Operating profit	£6.8k	£107k
Profit before tax	£6.8k	£107k
Profit after tax	£6.8k	£107k
Profit (best available)	£6.8k	£107k
Employees (average)	2	3
Ratios
Profit margin	5.2%	22.2%
Gross margin	100%	100%
Revenue per employee	£65.5k	£160k
Profit per employee	£3.4k	£35.6k
Growth (year on year)
Revenue growth	—	▲266.6%
Profit growth	—	▲1476%
Headcount growth	—	▲50%
Balance sheet — indirect signals, not revenue
Cash at bank	£6.1k	£61k
Net assets	£6.8k	£114k
Current assets	£7.8k	£116k
Debtors	£1.6k	£55.1k
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: 22.2%; Profit ÷ revenue.
Gross margin: 100%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £160k; Revenue ÷ average employees.
Profit per employee: £35.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.5%; 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: ▲1576%; Now £114k
Cash at bank: ▲895%; Now £61k
Headcount: ▲50%; Now 3
Deferred income: —; Now —
Fixed assets: —; Now —

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £107k), from the Companies House accounts bulk data published Dec 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.