Business turnover\profit etc

shabbaranks

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Hi guys,

Is it companies house which tells you how well a company is doing with regards to profit\turn over etc? I know they have to be a ltd company to find out the majority of this info which is fine because they are I just wasn't sure on how to find it (without having to pay if that's possible?)

Thanks
 
Only large companies have to file a profit and loss account, showing turnover and profit. Small companies generally file only a balance sheet with a few notes, which tells you the state of affairs at the end of the year, but nothing about how much profit was made and where it went. There is no harm in looking, though, as the information is free.
 
Known as Small Company Exemption. You file an abbreviated Balance Sheet and Tangible Assets, neither of which will reveal very much. Depending on what you are trying to discover a Google search or a check on Outstanding Charges, (Companies House, free), might be more revealing.
 
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