How much does Mondrian Limited make?

Mondrian Limited reported revenue of £24.1m and a loss of £784k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Mondrian Limited have?

Mondrian Limited reported an average of 30 employees in the year to 31 Dec 2025.

Is Mondrian Limited profitable?

No — Mondrian Limited reported a loss of £784k in the year to 31 Dec 2025.

Company No. 03625200 · Incorporated 2 Sep 1998

Mondrian Limited

Registered name: MONDRIAN LIMITED

Part of Carpenters Group Limited group

Mondrian Limited made £24.1m revenue and a £784k loss in the year to 31 Dec 2025.

Mondrian Limited’s revenue was £24.1m in the year to 31 Dec 2025, with a loss of £784k and 30 employees. The company is classified under “retail sale in commercial art galleries” and is based in London; we hold 5 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47781Retail sale in commercial art galleries

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 31 Dec 2025

Key figures

Revenue

£24.1m

Growth ▲0.1%

Profit

−£784k

Growth ▼228.6%

Profit margin

−3.3%

Gross 35.8%

Employees

Change ▲7.1%

Profit / employee

−£26.1k

Revenue/employee £805k

Profitable streak

0yrs

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&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£23m	£25.6m	£29.9m	£24.1m	£24.1m
Cost of sales	£17.1m	£17.7m	£22m	£17.1m	£15.5m
Gross profit	£5.9m	£7.9m	£7.9m	£7m	£8.6m
Operating profit	£1.9m	£1.8m	£798k	£1.1m	£279k
Profit before tax	£385k	£981k	£622k	£812k	−£554k
Profit after tax	£282k	£683k	£302k	£610k	−£784k
Profit (best available)	£282k	£683k	£302k	£610k	−£784k
Staff costs	£879k	£1.3m	£1.8m	£2.2m	£2.8m
Employees (average)	19	25	32	28	30
Ratios
Profit margin	1.2%	2.7%	1%	2.5%	−3.3%
Gross margin	25.8%	30.8%	26.3%	29.1%	35.8%
Revenue per employee	£1.2m	£1m	£934k	£862k	£805k
Profit per employee	£14.9k	£27.3k	£9.4k	£21.8k	−£26.1k
Growth (year on year)
Revenue growth	—	▲11.1%	▲16.9%	▼19.3%	▲0.1%
Profit growth	—	▲142%	▼55.8%	▲102.2%	▼228.6%
Headcount growth	—	▲31.6%	▲28%	▼12.5%	▲7.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£2m	£473k	£2m	£474k	£898k
Net assets	£10m	£10.3m	£10.4m	£9m	£7.7m
Fixed assets	£3.3m	£7.6m	£9.5m	£10m	£8.8m
Current assets	£53.6m	£57.5m	£57.7m	£61.9m	£67.6m
Debtors	£5.7m	£6.9m	£11.7m	£14.1m	£8.5m
Deferred income	£7.7m	£7.3m	£5.3m	£1.7m	£1.5m
Source	Accounts · bulk data Jan 2024	Accounts · bulk data Jan 2024	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −3.3%; Profit ÷ revenue.
Gross margin: 35.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £805k; Revenue ÷ average employees.
Profit per employee: −£26.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 36.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 35.2%; 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: ▼14%; Now £7.7m
Cash at bank: ▲89%; Now £898k
Headcount: ▲7%; Now 30
Deferred income: ▼10%; Now £1.5m
Fixed assets: ▼12%; Now £8.8m

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

Carpenters Group Limitedultimate parent75–100%
Mondrian 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).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£784k), 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.