How much does Milpharm Limited make?

Milpharm Limited reported revenue of £57.9m and £2.5m profit in the year to 31 Mar 2026, according to its accounts filed at Companies House.

How many employees does Milpharm Limited have?

Milpharm Limited reported an average of 61 employees in the year to 31 Mar 2026.

Is Milpharm Limited profitable?

Yes — Milpharm Limited reported a profit of £2.5m in the year to 31 Mar 2026.

Company No. 03354124 · Incorporated 11 Apr 1997

Milpharm Limited

Registered name: MILPHARM LIMITED

Part of Agile Pharma B.V. group

Milpharm Limited made £57.9m revenue and £2.5m profit in the year to 31 Mar 2026.

Milpharm Limited’s revenue fell 13% to £57.9m in the year to 31 Mar 2026, with £2.5m profit and 61 employees. The company is classified under “wholesale of pharmaceutical goods” and is based in Uxbridge; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46460Wholesale of pharmaceutical goods

Status: Active
Location: Uxbridge, London
Age: 29 yrs · since 1997
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 Mar 2026

Key figures

Capital-light

Revenue

£57.9m

Growth ▼12.5%

Profit

£2.5m

Growth ▼54.6%

Profit margin

4.3%

Gross 15.6%

Employees

Change ▼1.6%

Profit / employee

£40.4k

Revenue/employee £950k

Profitable streak

2yrs

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 Mar 2025	31 Mar 2026
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£66.2m	£57.9m
Cost of sales	£55.2m	£48.9m
Gross profit	£11m	£9m
Operating profit	£5.6m	£2.2m
Profit before tax	£7.2m	£3.3m
Profit after tax	£5.4m	£2.5m
Profit (best available)	£5.4m	£2.5m
Staff costs	£5.3m	£5.5m
Employees (average)	62	61
Ratios
Profit margin	8.2%	4.3%
Gross margin	16.7%	15.6%
Revenue per employee	£1.1m	£950k
Profit per employee	£87.5k	£40.4k
Growth (year on year)
Revenue growth	—	▼12.5%
Profit growth	—	▼54.6%
Headcount growth	—	▼1.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£72.7m	£47.2m
Net assets	£37.6m	£39.3m
Fixed assets	£1.8m	£5.6m
Current assets	£103m	£81.3m
Debtors	£14.8m	£14.4m
Source	FullAccounts · bulk data Jun 2026	FullAccounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: 4.3%; Profit ÷ revenue.
Gross margin: 15.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £950k; Revenue ÷ average employees.
Profit per employee: £40.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 9.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 24.9%; 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: ▲4%; Now £39.3m
Cash at bank: ▼35%; Now £47.2m
Headcount: ▼2%; Now 61
Deferred income: —; Now —
Fixed assets: ▲204%; Now £5.6m

Corporate ownership

Group structure

Ownership chain

Agile Pharma B.V. (registered outside the UK register)ultimate parent75–100%
Milpharm 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).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £2.5m), from the Companies House accounts bulk data published Jun 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.