How much does The India Collection Ltd make?

The India Collection Ltd reported revenue of £19m and £4.7m profit in the year to 30 Mar 2025, according to its accounts filed at Companies House.

How many employees does The India Collection Ltd have?

The India Collection Ltd reported an average of 211 employees in the year to 30 Mar 2025.

Is The India Collection Ltd profitable?

Yes — The India Collection Ltd reported a profit of £4.7m in the year to 30 Mar 2025.

Company No. 03553775 · Incorporated 27 Apr 1998

The India Collection Ltd

Registered name: THE INDIA COLLECTION LTD

Part of Project Victor Holdco Limited group

The India Collection Ltd made £19m revenue and £4.7m profit in the year to 30 Mar 2025.

The India Collection Ltd’s revenue grew 10% to £19m in the year to 30 Mar 2025, with £4.7m profit and 211 employees. The company is classified under “licensed restaurants” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 56101Licensed restaurants

Status: Active
Location: London, London
Age: 28 yrs · since 1998
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 30 Mar 2025

Key figures

Capital-lightOperating leverageDoing more with lessCash flow filed

Revenue

£19m

Growth ▲10%

Profit

£4.7m

Growth ▲20%

Profit margin

24.6%

Gross 83.3%

Employees

211

Change ▼4.5%

Profit / employee

£22.1k

Revenue/employee £89.9k

Profitable streak

4yrs

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	27 Mar 2022	26 Mar 2023	31 Mar 2024	30 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10.5m	£15.6m	£17.3m	£19m
Cost of sales	£1.8m	£3m	£3.1m	£3.2m
Gross profit	£8.7m	£12.6m	£14.2m	£15.8m
Operating profit	£2.4m	£3.2m	£4m	£5.2m
Profit before tax	£2.4m	£3.2m	£4m	£5.2m
Profit after tax	£2.3m	£3.3m	£3.9m	£4.7m
Profit (best available)	£2.3m	£3.3m	£3.9m	£4.7m
Staff costs	£4.1m	£5.8m	£6.7m	£6.9m
Employees (average)	150	227	221	211
Ratios
Profit margin	22%	20.9%	22.5%	24.6%
Gross margin	82.5%	81%	82.2%	83.3%
Revenue per employee	£70k	£68.5k	£78.1k	£89.9k
Profit per employee	£15.4k	£14.3k	£17.6k	£22.1k
Cash conversion	12.3%	132.2%	115.4%	93.5%
Growth (year on year)
Revenue growth	—	▲48.2%	▲10.9%	▲10%
Profit growth	—	▲40.8%	▲19.5%	▲20%
Headcount growth	—	▲51.3%	▼2.6%	▼4.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.9k	£2.6k	£8.5k	£8.3k
Net assets	£3.6m	£2.8m	£2.5m	£2.5m
Fixed assets	£1.4m	£1.2m	£1.3m	£1.3m
Current assets	£2.5m	£2m	£1.8m	£2.3m
Debtors	£2.1m	£1.6m	£1.3m	£1.9m
Deferred income	£69.5k	£177k	£151k	£165k
Cash from operations	£290k	£4.2m	£4.6m	£4.9m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: 24.6%; Profit ÷ revenue.
Gross margin: 83.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £89.9k; Revenue ÷ average employees.
Profit per employee: £22.1k; Profit ÷ average employees.
Cash conversion: 93.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.8%; 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: ▼1%; Now £2.5m
Cash at bank: ▼3%; Now £8.3k
Headcount: ▼5%; Now 211
Deferred income: ▲9%; Now £165k
Fixed assets: ▼4%; Now £1.3m

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

Project Victor Holdco Limitedultimate parent75–100%
MW Eat Ltd75–100%
The India Collection Ltdthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Masala Zone LimitedRev. — · Profit £404k

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 30 Mar 2025 (profit £4.7m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.

Updated from Companies House on 14 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.