How much does Millgate Limited make?

Millgate Limited reported revenue of £31.3m and £356k profit in the year to 31 Jul 2025, according to its accounts filed at Companies House.

How many employees does Millgate Limited have?

Millgate Limited reported an average of 85 employees in the year to 31 Jul 2025.

Is Millgate Limited profitable?

Yes — Millgate Limited reported a profit of £356k in the year to 31 Jul 2025.

Company No. 03229619 · Incorporated 25 Jul 1996

Millgate Limited

Registered name: MILLGATE LIMITED

Millgate Limited made £31.3m revenue and £356k profit in the year to 31 Jul 2025.

Millgate Limited’s revenue fell 11% to £31.3m in the year to 31 Jul 2025, with £356k profit and 85 employees. The company is classified under “wholesale of computers, computer peripheral equipment and software” and is based in Sheffield; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46510Wholesale of computers, computer peripheral equipment and software SIC 62020Information technology consultancy activities SIC 95110Repair of computers and peripheral equipment

Status: Active
Location: Sheffield, Yorkshire and The Humber
Age: 30 yrs · since 1996
Type: Private Limited Company

Latest accounts · year to 31 Jul 2025

Key figures

IndependentCapital-lightCash flow filed

Revenue

£31.3m

Growth ▼10.5%

Profit

£356k

Growth ▲20.3%

Profit margin

1.1%

Gross 14.7%

Employees

Change ▼3.4%

Profit / employee

£4.2k

Revenue/employee £369k

Profitable streak

3yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jul 2022	31 Jul 2023	31 Jul 2024	31 Jul 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£33.6m	£35.4m	£35m	£31.3m
Cost of sales	£28.6m	£30.2m	£30.1m	£26.7m
Gross profit	£5m	£5.3m	£4.9m	£4.6m
Operating profit	£35.6k	£692k	£615k	£457k
Profit before tax	−£20.7k	£482k	£523k	£471k
Profit after tax	−£27.6k	£183k	£296k	£356k
Profit (best available)	−£27.6k	£183k	£296k	£356k
Staff costs	£4.6m	£4.5m	£4.1m	£4m
Employees (average)	103	93	88	85
Ratios
Profit margin	−0.1%	0.5%	0.9%	1.1%
Gross margin	14.8%	14.9%	14%	14.7%
Revenue per employee	£326k	£381k	£398k	£369k
Profit per employee	−£268	£2k	£3.4k	£4.2k
Cash conversion	−378.8%	9.2%	−294%	−294.9%
Growth (year on year)
Revenue growth	—	▲5.5%	▼1.1%	▼10.5%
Profit growth	—	—	▲61.9%	▲20.3%
Headcount growth	—	▼9.7%	▼5.4%	▼3.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£57.8k	£319k	£58.4k	£771k
Net assets	£1.1m	£1.3m	£1.6m	£2m
Fixed assets	£1.8m	£1.7m	£1.7m	£1.8m
Current assets	£7.2m	£7.6m	£5.9m	£6.1m
Debtors	£5.8m	£6m	£5m	£4.7m
Deferred income	£493k	£480k	£586k	£938k
Cash from operations	−£135k	£63.6k	−£1.8m	−£1.3m
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: 1.1%; Profit ÷ revenue.
Gross margin: 14.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £369k; Revenue ÷ average employees.
Profit per employee: £4.2k; Profit ÷ average employees.
Cash conversion: −294.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15%; 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: ▲22%; Now £2m
Cash at bank: ▲1220%; Now £771k
Headcount: ▼3%; Now 85
Deferred income: ▲60%; Now £938k
Fixed assets: ▲6%; Now £1.8m

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 Jul 2025 (profit £356k), from the Companies House accounts bulk data published Apr 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.