Mih Medical Ltd
Registered name: MIH MEDICAL LTD
Mih Medical Ltd made £52.5k revenue and £14.9k profit in the year to 31 Mar 2025.
Mih Medical Ltd’s revenue fell 20% to £52.5k in the year to 31 Mar 2025, with £14.9k profit and 3 employees. The company is classified under “other human health activities” and is based in Sheffield; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Sheffield, Yorkshire and The Humber
- Age
- 14 yrs · since 2012
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £90.1k | £157k | £65.9k | £52.5k |
| Cost of sales | £14k | £218k | — | — |
| Gross profit | £136k | −£60.9k | — | — |
| Operating profit | −£47.6k | −£104k | — | — |
| Profit before tax | −£51.5k | −£106k | — | — |
| Profit after tax | −£51.5k | −£106k | £0 | £14.9k |
| Profit (best available) | −£51.5k | −£106k | £0 | £14.9k |
| Staff costs | — | £20k | £25.3k | £25.6k |
| Employees (average) | 10 | 5 | 4 | 3 |
| Ratios | ||||
| Profit margin | −57.1% | −67.9% | 0% | 28.3% |
| Gross margin | 150.8% | −38.9% | — | — |
| Revenue per employee | £9k | £31.3k | £16.5k | £17.5k |
| Profit per employee | −£5.1k | −£21.3k | £0 | £5k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲73.8% | ▼57.9% | ▼20.3% |
| Headcount growth | — | ▼50% | ▼20% | ▼25% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | £303k | £300k | £30k | £14.7k |
| Fixed assets | £244k | £240k | £240k | £60k |
| Current assets | £145k | £140k | £0 | £0 |
| Debtors | £145k | £140k | — | — |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 28.3%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £17.5k
- Revenue ÷ average employees.
- Profit per employee
- £5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 114.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- ▼51%
- Now £14.7k
- Cash at bank
- —
- Now —
- Headcount
- ▼25%
- Now 3
- Deferred income
- —
- Now —
- Fixed assets
- ▼75%
- Now £60k
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £14.9k), from the Companies House accounts bulk data published Dec 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.