Mitek Industries Limited
Registered name: MITEK INDUSTRIES LIMITED
Part of Mitek Inc groupMitek Industries Limited made £73.3m revenue and £9.3m profit in the year to 31 Dec 2025.
Mitek Industries Limited’s revenue grew 4% to £73.3m in the year to 31 Dec 2025, with £9.3m profit and 227 employees. The company is classified under “manufacture of other fabricated metal products” and is based in Worcester; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Worcester, West Midlands
- Age
- 57 yrs · since 1968
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £78.9m | £70.2m | £73.3m |
| Cost of sales | −£52.5m | −£43.9m | −£42.8m |
| Gross profit | £26.3m | £26.3m | £30.5m |
| Operating profit | £10.2m | £9.2m | £13.2m |
| Profit before tax | £10.3m | £9.5m | £12.4m |
| Profit after tax | £7.9m | £7.3m | £9.3m |
| Profit (best available) | £7.9m | £7.3m | £9.3m |
| Employees (average) | — | 228 | 227 |
| Ratios | |||
| Profit margin | 10% | 10.4% | 12.7% |
| Gross margin | 33.4% | 37.5% | 41.6% |
| Revenue per employee | — | £308k | £323k |
| Profit per employee | — | £32.1k | £40.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▼11% | ▲4.5% |
| Profit growth | — | ▼7% | ▲27.1% |
| Headcount growth | — | — | ▼0.4% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 12.7%
- Profit ÷ revenue.
- Gross margin
- 41.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £323k
- Revenue ÷ average employees.
- Profit per employee
- £40.9k
- 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
- —
- 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 —
- Cash at bank
- —
- Now —
- Headcount
- ▼0%
- Now 227
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Mitek Inc (registered outside the UK register)ultimate parent75–100%
- Mitek Industries Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £9.3m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Updated from Companies House on 15 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.