How much does Mayday Assistance Limited make?

Mayday Assistance Limited reported revenue of £14.7m and £493k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Mayday Assistance Limited have?

Mayday Assistance Limited reported an average of 11 employees in the year to 31 Dec 2023.

Is Mayday Assistance Limited profitable?

Yes — Mayday Assistance Limited reported a profit of £493k in the year to 31 Dec 2023.

Company No. 05928173 · Incorporated 7 Sep 2006

Mayday Assistance Limited

Registered name: MAYDAY ASSISTANCE LIMITED

Part of Mayday Group Limited group

Mayday Assistance Limited made £14.7m revenue and £493k profit in the year to 31 Dec 2023.

Mayday Assistance Limited’s revenue grew 46% to £14.7m in the year to 31 Dec 2023, with £493k profit and 11 employees. The company is classified under “other human health activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection Q · Human health and social workSIC 86900Other human health activities

Status: Liquidation
Location: London, London
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.

Latest accounts · year to 31 Dec 2023

Key figures

Capital-light

Revenue

£14.7m

Growth ▲46.1%

Profit

£493k

Growth ▼51.5%

Profit margin

3.4%

Gross 13.5%

Employees

Change ▲22.2%

Profit / employee

£44.8k

Revenue/employee £1.3m

Profitable streak

2yrs

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 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10.1m	£14.7m
Cost of sales	£8.2m	£12.7m
Gross profit	£1.9m	£2m
Operating profit	£1m	£628k
Profit before tax	£1m	£642k
Profit after tax	£1m	£493k
Profit (best available)	£1m	£493k
Employees (average)	9	11
Ratios
Profit margin	10.1%	3.4%
Gross margin	19.1%	13.5%
Revenue per employee	£1.1m	£1.3m
Profit per employee	£113k	£44.8k
Growth (year on year)
Revenue growth	—	▲46.1%
Profit growth	—	▼51.5%
Headcount growth	—	▲22.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£492k	£247k
Net assets	£395k	£887k
Fixed assets	£161k	£129k
Current assets	£3.8m	£3.1m
Debtors	£1.7m	£1.2m
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024

Derived from the latest filing

How the business works

Profit margin: 3.4%; Profit ÷ revenue.
Gross margin: 13.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.3m; Revenue ÷ average employees.
Profit per employee: £44.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 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: ▲125%; Now £887k
Cash at bank: ▼50%; Now £247k
Headcount: ▲22%; Now 11
Deferred income: —; Now —
Fixed assets: ▼20%; Now £129k

Corporate ownership

Group structure

Ownership chain

Mayday Group Limitedultimate parent75–100%
Mayday Assistance Limitedthis company

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

Sister companies (1)

Mayday Repatriation Services LimitedLiquidationRev. £4.7m · Profit £263k

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 31 Dec 2023 (profit £493k), from the Companies House accounts bulk data published Apr 2024. 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.