Discovery Flexibles Limited
Registered name: DISCOVERY FLEXIBLES LIMITED
Part of Mikani Group Limited groupDiscovery Flexibles Limited made £15.4m revenue and £528k profit in the year to 31 Dec 2024.
Discovery Flexibles Limited’s revenue fell 5% to £15.4m in the year to 31 Dec 2024, with £528k profit and 75 employees. The company is classified under “manufacture of other plastic products” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 37 yrs · since 1989
- 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. From the filing: “Discovery Flexibles Holdings Ltd”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £15.6m | £16.2m | £15.4m |
| Cost of sales | £13.6m | £13.6m | £12.9m |
| Gross profit | £2.1m | £2.7m | £2.4m |
| Profit before tax | −£184k | £44.4k | £683k |
| Profit after tax | £641k | −£62.9k | £528k |
| Profit (best available) | £641k | −£62.9k | £528k |
| Staff costs | £2.5m | £2.6m | £2.7m |
| Employees (average) | 79 | 80 | 75 |
| Ratios | |||
| Profit margin | 4.1% | −0.4% | 3.4% |
| Gross margin | 13.3% | 16.4% | 15.9% |
| Revenue per employee | £198k | £203k | £205k |
| Profit per employee | £8.1k | −£787 | £7k |
| Growth (year on year) | |||
| Revenue growth | — | ▲3.7% | ▼5.2% |
| Profit growth | — | ▼109.8% | — |
| Headcount growth | — | ▲1.3% | ▼6.3% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £58.1k | £82.2k | £48.8k |
| Net assets | £867k | £1.7m | £949k |
| Fixed assets | £1.7m | £1.6m | £1.4m |
| Current assets | £9.6m | £8.6m | £7.9m |
| Debtors | £2.7m | £2.2m | £2.3m |
| Cash from operations | £675k | £584k | £830k |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 3.4%
- Profit ÷ revenue.
- Gross margin
- 15.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £205k
- Revenue ÷ average employees.
- Profit per employee
- £7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 9.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 15%
- 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
- ▼43%
- Now £949k
- Cash at bank
- ▼41%
- Now £48.8k
- Headcount
- ▼6%
- Now 75
- Deferred income
- —
- Now —
- Fixed assets
- ▼8%
- Now £1.4m
Group structure
Ownership chain
- Mikani Group Limitedultimate parent75–100%
- Mikani Flex Limited75–100%
- Pack34 Limited75–100%
- Discovery Flexibles Group Limited75–100%
- Discovery Flexibles Holdings Limited75–100%
- Discovery Flexibles Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Packaging Futures LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £528k), from the Companies House accounts bulk data published Dec 2025. 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.