How much does Mildef Limited make?

Mildef Limited reported revenue of £7.7m and a loss of £1.4m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Mildef Limited have?

Mildef Limited reported an average of 23 employees in the year to 31 Dec 2025.

Is Mildef Limited profitable?

No — Mildef Limited reported a loss of £1.4m in the year to 31 Dec 2025.

Company No. 05756627 · Incorporated 27 Mar 2006

Mildef Limited

Registered name: MILDEF LIMITED

Part of Mildef Group Ab group

Mildef Limited made £7.7m revenue and a £1.4m loss in the year to 31 Dec 2025.

Mildef Limited’s revenue fell 20% to £7.7m in the year to 31 Dec 2025, with a loss of £1.4m and 23 employees. The company is classified under “manufacture of computers and peripheral equipment” and is based in Barry; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 26200Manufacture of computers and peripheral equipment

Status: Active
Location: Barry, Wales
Age: 20 yrs · since 2006
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. From the filing: “The immediate and ultimate parent undertaking is MilDef Group AB, a company incorporated in Sweden. The registered address of MilDef Group AB is Box 22079, S-250 22 Helsingborg, Sweden.”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-light

Revenue

£7.7m

Growth ▼20.5%

Profit

−£1.4m

Growth ▼1038%

Profit margin

−18.1%

Gross 29.7%

Employees

Change ▲27.8%

Profit / employee

−£60.2k

Revenue/employee £333k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£9.6m	£7.7m
Cost of sales	£6.7m	£5.4m
Gross profit	£2.9m	£2.3m
Operating profit	£598k	−£1.4m
Profit before tax	£217k	−£1.8m
Profit after tax	£148k	−£1.4m
Profit (best available)	£148k	−£1.4m
Employees (average)	18	23
Ratios
Profit margin	1.5%	−18.1%
Gross margin	30.5%	29.7%
Revenue per employee	£535k	£333k
Profit per employee	£8.2k	−£60.2k
Growth (year on year)
Revenue growth	—	▼20.5%
Profit growth	—	▼1038%
Headcount growth	—	▲27.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.3m	£482k
Net assets	£1m	−£366k
Fixed assets	£545k	£569k
Current assets	£6.2m	£6.2m
Debtors	£1.4m	£806k
Deferred income	£453k	£439k
Source	FullAccounts · bulk data Sep 2026	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −18.1%; Profit ÷ revenue.
Gross margin: 29.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £333k; Revenue ÷ average employees.
Profit per employee: −£60.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10.5%; 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: ▼136%; Now −£366k
Cash at bank: ▼64%; Now £482k
Headcount: ▲28%; Now 23
Deferred income: ▼3%; Now £439k
Fixed assets: ▲4%; Now £569k

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

Mildef Group Ab (registered outside the UK register)ultimate parent75–100%
Mildef 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

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£1.4m), 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.