How much does Minkels UK Limited make?

Minkels UK Limited reported revenue of £3m and £267k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Minkels UK Limited have?

Minkels UK Limited reported an average of 6 employees in the year to 31 Dec 2024.

Is Minkels UK Limited profitable?

Yes — Minkels UK Limited reported a profit of £267k in the year to 31 Dec 2024.

Company No. 05482186 · Incorporated 15 Jun 2005

Minkels UK Limited

Registered name: MINKELS UK LIMITED

Part of Minkels B.V. group

Minkels UK Limited made £3m revenue and £267k profit in the year to 31 Dec 2024.

Minkels UK Limited’s revenue fell 33% to £3m in the year to 31 Dec 2024, with £267k profit and 6 employees. The company is classified under “wholesale of computers, computer peripheral equipment and software” and is based in Milton Keynes; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46510Wholesale of computers, computer peripheral equipment and software

Status: Active
Location: Milton Keynes, South East
Age: 21 yrs · since 2005
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 2024

Key figures

Small teamCash flow filed

Revenue

£3m

Growth ▼33.3%

Profit

£267k

Growth ▼57.1%

Profit margin

8.9%

Gross 21%

Employees

Change 0%

Profit / employee

£44.5k

Revenue/employee £499k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3.3m	£4.5m	£3m
Cost of sales	£2.8m	£3.3m	£2.4m
Gross profit	£525k	£1.2m	£629k
Operating profit	£219k	£795k	£288k
Profit before tax	£217k	£817k	£358k
Profit after tax	£175k	£623k	£267k
Profit (best available)	£175k	£623k	£267k
Staff costs	£224k	£226k	£218k
Employees (average)	6	6	6
Ratios
Profit margin	5.3%	13.9%	8.9%
Gross margin	16%	25.9%	21%
Revenue per employee	£548k	£748k	£499k
Profit per employee	£29.2k	£104k	£44.5k
Cash conversion	−0.7%	0.6%	−55%
Growth (year on year)
Revenue growth	—	▲36.6%	▼33.3%
Profit growth	—	▲255.8%	▼57.1%
Headcount growth	—	0%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£26	£26	£26
Net assets	£463k	£1.1m	£1.4m
Current assets	£703k	£2.4m	£1.9m
Debtors	£337k	£2.4m	£291k
Cash from operations	−£1.4k	£4.7k	−£158k
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Apr 2025

Derived from the latest filing

How the business works

Profit margin: 8.9%; Profit ÷ revenue.
Gross margin: 21%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £499k; Revenue ÷ average employees.
Profit per employee: £44.5k; Profit ÷ average employees.
Cash conversion: −55%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.7%; 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: ▲25%; Now £1.4m
Cash at bank: 0%; Now £26
Headcount: 0%; Now 6
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Minkels B.V. (registered outside the UK register)ultimate parent75–100%
Minkels UK 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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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £267k), from the Companies House accounts bulk data published Apr 2025. 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.