How much does Meridian Reading Limited make?

Meridian Reading Limited reported revenue of £8.3m and £1.5m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Meridian Reading Limited have?

Meridian Reading Limited reported an average of 79 employees in the year to 31 Dec 2025.

Is Meridian Reading Limited profitable?

Yes — Meridian Reading Limited reported a profit of £1.5m in the year to 31 Dec 2025.

Company No. 06419282 · Incorporated 6 Nov 2007

Meridian Reading Limited

Registered name: MERIDIAN READING LIMITED

Part of Millemont GP4 LLP group

Meridian Reading Limited made £8.3m revenue and £1.5m profit in the year to 31 Dec 2025.

Meridian Reading Limited’s revenue grew 6% to £8.3m in the year to 31 Dec 2025, with £1.5m profit and 79 employees. The company is classified under “hotels and similar accommodation” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 55100Hotels and similar accommodation

Status: Active
Location: London, London
Age: 18 yrs · since 2007
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: “Onyx Securities Limited”

Latest accounts · year to 31 Dec 2025

Key figures

Doing more with lessCash flow filed

Revenue

£8.3m

Growth ▲5.9%

Profit

£1.5m

Growth ▲4.5%

Profit margin

18.2%

Gross 91.3%

Employees

Change ▼8.1%

Profit / employee

£19.1k

Revenue/employee £105k

Profitable streak

4yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	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
Profit & loss
Revenue (turnover)	£7.3m	£7.8m	£7.8m	£8.3m
Cost of sales	£643k	£712k	£711k	£718k
Gross profit	£6.6m	£7.1m	£7.1m	£7.6m
Operating profit	£1.3m	£1.6m	£1.7m	£1.8m
Profit before tax	£1.4m	£1.8m	£1.9m	£2m
Profit after tax	£1.1m	£1.5m	£1.4m	£1.5m
Profit (best available)	£1.1m	£1.5m	£1.4m	£1.5m
Staff costs	£1.9m	£2.2m	£2.2m	£2.3m
Employees (average)	83	86	86	79
Ratios
Profit margin	14.5%	18.6%	18.4%	18.2%
Gross margin	91.2%	90.9%	90.9%	91.3%
Revenue per employee	£87.6k	£91k	£91.1k	£105k
Profit per employee	£12.7k	£16.9k	£16.8k	£19.1k
Cash conversion	−47.2%	28.7%	53.9%	−102.8%
Growth (year on year)
Revenue growth	—	▲7.7%	▲0.1%	▲5.9%
Profit growth	—	▲38%	▼0.9%	▲4.5%
Headcount growth	—	▲3.6%	0%	▼8.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£252k	£846k	£1.9m	£254k
Net assets	£9.9m	£11.4m	£12.8m	£14.3m
Fixed assets	£2m	£1.7m	£1.5m	£1.3m
Current assets	£9.2m	£11.3m	£12.9m	£14.3m
Debtors	£38.7k	£90.5k	£39.2k	£75.6k
Cash from operations	−£591k	£471k	£926k	−£1.9m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: 18.2%; Profit ÷ revenue.
Gross margin: 91.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £105k; Revenue ÷ average employees.
Profit per employee: £19.1k; Profit ÷ average employees.
Cash conversion: −102.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 16%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.9%; 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: ▲12%; Now £14.3m
Cash at bank: ▼87%; Now £254k
Headcount: ▼8%; Now 79
Deferred income: —; Now —
Fixed assets: ▼12%; Now £1.3m

Corporate ownership

Group structure

Ownership chain

Millemont GP4 LLPultimate parent75–100%
MM Triton Holdco Limited75–100%
Triton Reading Bidco Limited75–100%
Meridian Reading 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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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.5m), from the Companies House accounts bulk data published Mar 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.