How much does Millman Limited make?

Millman Limited reported revenue of £18.4m and £150k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Millman Limited have?

Millman Limited reported an average of 3 employees in the year to 31 Dec 2025.

Is Millman Limited profitable?

Yes — Millman Limited reported a profit of £150k in the year to 31 Dec 2025.

Company No. 02609249 · Incorporated 10 May 1991

Millman Limited

Registered name: MILLMAN LIMITED

Millman Limited made £18.4m revenue and £150k profit in the year to 31 Dec 2025. read from filing text

Millman Limited’s revenue fell 67% to £18.4m in the year to 31 Dec 2025, with £150k profit and 3 employees. The company is classified under “wholesale of chemical products” and is based in Woking; we hold 5 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46750Wholesale of chemical products

Status: Active
Location: Woking, South East
Age: 35 yrs · since 1991
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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: “The parent company of group for which the financial statement are”

Latest accounts · year to 31 Dec 2025

Key figures

Small team

Revenue

£18.4m

Growth ▼67.1%

Profit

£150k

Growth —

Profit margin

0.8%

Gross 5.9%

Employees

Change 0%

Profit / employee

£49.9k

Revenue/employee £6.1m

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£80.4m	£60.1m	£39.3m	£55.8m	£18.4m
Cost of sales	£77.7m	£58.7m	£38m	£54.1m	£17.3m
Gross profit	£2.8m	£1.5m	£1.3m	£1.7m	£1.1m
Operating profit	£607k	−£595k	−£1.2m	−£173k	£187k
Profit before tax	£590k	−£667k	−£1.3m	−£205k	£150k
Profit after tax	£472k	−£567k	−£1.3m	−£205k	£150k
Profit (best available)	£472k	−£567k	−£1.3m	−£205k	£150k
Staff costs	£999k	£141k	—	—	—
Employees (average)	4	3	3	3	3
Ratios
Profit margin	0.6%	−0.9%	−3.4%	−0.4%	0.8%
Gross margin	3.5%	2.4%	3.3%	3.1%	5.9%
Revenue per employee	£20.1m	£20m	£13.1m	£18.6m	£6.1m
Profit per employee	£118k	−£189k	−£448k	−£68.4k	£49.9k
Growth (year on year)
Revenue growth	—	▼25.2%	▼34.7%	▲42.1%	▼67.1%
Profit growth	—	▼220.1%	—	—	—
Headcount growth	—	▼25%	0%	0%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£259k	£612k	£5.8m	£1.4m	£76.4k
Net assets	£1.2m	£741k	−£602k	−£840k	−£639k
Fixed assets	£117k	£117k	£6.4k	£667k	—
Current assets	£17.5m	£17.6m	£16.4m	£10.5m	£6.2m
Debtors	£13.1m	£6m	£1.2m	£6.6m	£3.1m
Deferred income	£1m	£244k	£670k	£344k	£219k
Source	Accounts · bulk data Feb 2024	Accounts · bulk data Feb 2024	FullAccounts · bulk data May 2025	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 0.8%; Profit ÷ revenue.
Gross margin: 5.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £6.1m; Revenue ÷ average employees.
Profit per employee: £49.9k; 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: 1.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.7%; 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: —; Now −£639k
Cash at bank: ▼95%; Now £76.4k
Headcount: 0%; Now 3
Deferred income: ▼36%; Now £219k
Fixed assets: —; Now —

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £150k), from the Companies House accounts bulk data published Sep 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.