Mikado Foods (UK) Ltd
Registered name: MIKADO FOODS (UK) LTD
Part of MDH Group Holdings Ltd groupMikado Foods (UK) Ltd made £24.1m revenue and £2.6m profit in the year to 28 Feb 2026.
Mikado Foods (UK) Ltd’s revenue grew 4% to £24.1m in the year to 28 Feb 2026, with £2.6m profit and 14 employees. The company is classified under “agents involved in the sale of food, beverages and tobacco” and is based in High Wycombe; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- High Wycombe, South East
- Age
- 14 yrs · since 2011
- 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 | 28 Feb 2023 | 28 Feb 2024 | 28 Feb 2025 | 28 Feb 2026 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £23.8m | £20.8m | £23m | £24.1m |
| Cost of sales | £21.1m | £16.6m | £18.1m | £18.5m |
| Gross profit | £2.7m | £4.2m | £5m | £5.6m |
| Operating profit | £2m | £3.2m | £3.5m | £3.5m |
| Profit before tax | £2m | £3.2m | £3.5m | £3.5m |
| Profit after tax | £1.6m | £2.4m | £2.6m | £2.6m |
| Profit (best available) | £1.6m | £2.4m | £2.6m | £2.6m |
| Staff costs | £450k | £603k | £944k | £1.2m |
| Employees (average) | 7 | 8 | 11 | 14 |
| Ratios | ||||
| Profit margin | 6.9% | 11.7% | 11.2% | 10.9% |
| Gross margin | 11.4% | 20.1% | 21.6% | 23.2% |
| Revenue per employee | £3.4m | £2.6m | £2.1m | £1.7m |
| Profit per employee | £235k | £304k | £235k | £187k |
| Cash conversion | −36% | −86.3% | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲11% | ▲4.5% |
| Profit growth | — | — | ▲6.5% | ▲1.5% |
| Headcount growth | — | — | ▲37.5% | ▲27.3% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £890k | £2.7m | £2m | £3.4m |
| Net assets | £2.9m | £5.3m | £6.5m | £7.2m |
| Fixed assets | £17.7k | £428k | £17.8k | £25.8k |
| Current assets | £6.4m | £7.1m | £8.7m | £8.9m |
| Debtors | £1.5m | £1.3m | £1.7m | £1.9m |
| Cash from operations | −£733k | −£2.8m | — | — |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Jul 2026 |
How the business works
- Profit margin
- 10.9%
- Profit ÷ revenue.
- Gross margin
- 23.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.7m
- Revenue ÷ average employees.
- Profit per employee
- £187k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.1%
- 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.
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
- ▲9%
- Now £7.2m
- Cash at bank
- ▲70%
- Now £3.4m
- Headcount
- ▲27%
- Now 14
- Deferred income
- —
- Now —
- Fixed assets
- ▲45%
- Now £25.8k
Group structure
Ownership chain
- MDH Group Holdings Ltdultimate parent75–100%
- Mikado Foods (UK) Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Highgrove Food Distribution LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
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Sources
Latest figures from FullAccounts for the year to 28 Feb 2026 (profit £2.6m), from the Companies House accounts bulk data published Jul 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.