Mandon Software Limited
Registered name: MANDON SOFTWARE LIMITED
Part of Icw Group Holdings Ltd groupMandon Software Limited made £437k revenue and a £391k loss in the year to 30 Sep 2025.
Mandon Software Limited’s revenue grew 11% to £437k in the year to 30 Sep 2025, with a loss of £391k and 19 employees. The company is classified under “business and domestic software development” and is based in London; we hold 4 years of its filed accounts.
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £445k | £285k | £393k | £437k |
| Cost of sales | £900 | £0 | — | — |
| Gross profit | £444k | £285k | — | — |
| Profit before tax | −£118k | −£402k | −£242k | −£391k |
| Profit after tax | −£58.1k | −£402k | −£242k | −£391k |
| Profit (best available) | −£58.1k | −£402k | −£242k | −£391k |
| Staff costs | £326k | £522k | £652k | £592k |
| Employees (average) | 9 | 16 | 22 | 19 |
| Ratios | ||||
| Profit margin | −13.1% | −140.8% | −61.6% | −89.4% |
| Gross margin | 99.8% | 100% | — | — |
| Revenue per employee | £49.5k | £17.8k | £17.9k | £23k |
| Profit per employee | −£6.5k | −£25.1k | −£11k | −£20.6k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼35.9% | ▲37.8% | ▲11.1% |
| Headcount growth | — | ▲77.8% | ▲37.5% | ▼13.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £35.1k | £17.1k | £11.7k | £12.5k |
| Net assets | −£418k | −£819k | −£1.1m | −£1.5m |
| Fixed assets | £19.1k | £13.1k | £170k | £135k |
| Current assets | £333k | £293k | £309k | £137k |
| Debtors | £648 | £0 | £28.4k | £27.8k |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Jun 2026 |
How the business works
- Profit margin
- −89.4%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £23k
- Revenue ÷ average employees.
- Profit per employee
- −£20.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 31%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 6.4%
- Money owed by customers. Low = customers pay quickly.
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 −£1.5m
- Cash at bank
- ▲6%
- Now £12.5k
- Headcount
- ▼14%
- Now 19
- Deferred income
- —
- Now —
- Fixed assets
- ▼20%
- Now £135k
Group structure
Ownership chain
- Icw Group Holdings Ltdultimate parent75–100%
- Mandon Software Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (3)
- Icw Insurance Services LtdRev. £30.7m · Profit £2.6m
- Icw Technical Services LtdRev. £14.4m · Profit £3.6m
- Icw Building Control LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Sep 2025 (profit −£391k), 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.