How much does Minesoft Ltd make?

Minesoft Ltd reported revenue of £24.3m and £2.1m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Minesoft Ltd have?

Minesoft Ltd reported an average of 39 employees in the year to 31 Dec 2023.

Is Minesoft Ltd profitable?

Yes — Minesoft Ltd reported a profit of £2.1m in the year to 31 Dec 2023.

Company No. 03237682 · Incorporated 14 Aug 1996

Minesoft Ltd

Registered name: MINESOFT LTD

Part of Maltese Holdco Limited group

Minesoft Ltd made £24.3m revenue and £2.1m profit in the year to 31 Dec 2023.

Minesoft Ltd’s revenue was £24.3m in the year to 31 Dec 2023, with £2.1m profit and 39 employees. The company is classified under “other information technology service activities” and is based in Richmond; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities

Status: Active
Location: Richmond, London
Age: 30 yrs · since 1996
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.

Latest accounts · year to 31 Dec 2023

Key figures

Capital-light

Revenue

£24.3m

Growth —

Profit

£2.1m

Growth —

Profit margin

8.4%

Gross 53.2%

Employees

Change —

Profit / employee

£52.6k

Revenue/employee £624k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Aug 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£16.8m	£24.3m
Cost of sales	£6.7m	£11.4m
Gross profit	£10m	£12.9m
Operating profit	−£3.1m	£2.3m
Profit before tax	−£3.1m	£2.3m
Profit after tax	−£3.5m	£2.1m
Profit (best available)	−£3.5m	£2.1m
Staff costs	£2.7m	£4.7m
Employees (average)	34	39
Ratios
Profit margin	−20.8%	8.4%
Gross margin	59.7%	53.2%
Revenue per employee	£493k	£624k
Profit per employee	−£103k	£52.6k
Balance sheet — indirect signals, not revenue
Cash at bank	£6m	£3.4m
Net assets	£1.4m	£3.5m
Fixed assets	£387k	£335k
Current assets	£12m	£15.1m
Debtors	£2.6m	£5.1m
Deferred income	£8.6m	£9.3m
Source	Accounts · bulk data Sep 2024	Accounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 8.4%; Profit ÷ revenue.
Gross margin: 53.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £624k; Revenue ÷ average employees.
Profit per employee: £52.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 38.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 20.9%; 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 £3.5m
Cash at bank: —; Now £3.4m
Headcount: —; Now 39
Deferred income: —; Now £9.3m
Fixed assets: —; Now £335k

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

Corporate ownership

Group structure

Ownership chain

Maltese Holdco Limitedultimate parent75–100%
Maltese Midco Limited75–100%
Maltese Bidco 1 Limited75–100%
Maltese Bidco 2 Limited75–100%
Minesoft Ltdthis 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

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2023 (profit £2.1m), from the Companies House accounts bulk data published Sep 2024. 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.