Meco Maitha Ltd
Registered name: MECO MAITHA LTD
Meco Maitha Ltd made £20.1m revenue and £512k profit in the year to 31 Mar 2025.
Meco Maitha Ltd’s revenue fell 1% to £20.1m in the year to 31 Mar 2025, with £512k profit and 79 employees. The company is classified under “activities of head offices” and is based in Ilford; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Ilford, London
- Age
- 13 yrs · since 2013
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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 | No P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £14.5m | £20.3m | £20.1m |
| Cost of sales | — | £12m | £14.4m | £15.9m |
| Gross profit | — | £2.5m | £6m | £4.2m |
| Operating profit | — | £673k | £3.3m | £2m |
| Profit before tax | — | £650k | £3.3m | £2m |
| Profit after tax | — | £150k | £861k | £512k |
| Profit (best available) | — | £150k | £861k | £512k |
| Staff costs | — | £2.1m | £2.8m | £2.8m |
| Employees (average) | 2 | 2 | 92 | 79 |
| Ratios | ||||
| Profit margin | — | 1% | 4.2% | 2.5% |
| Gross margin | — | 17.3% | 29.3% | 21% |
| Revenue per employee | — | £7.3m | £221k | £255k |
| Profit per employee | — | £75k | £9.4k | £6.5k |
| Cash conversion | — | 93.8% | 63.6% | 128.8% |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲40.2% | ▼1.1% |
| Profit growth | — | — | ▲473.7% | ▼40.5% |
| Headcount growth | — | 0% | ▲4500% | ▼14.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | — | £1.1m | £2.2m | £3.6m |
| Net assets | £145 | £145 | £145 | £145 |
| Fixed assets | £1.2m | £1.2m | £1.4m | £1.1m |
| Current assets | — | £3.8m | £6.7m | £7.2m |
| Debtors | — | £2.2m | £3.8m | £3m |
| Deferred income | — | £2.2k | £2.2k | £2.2k |
| Cash from operations | — | £632k | £2.1m | £2.6m |
| Source | Accounts · bulk data Mar 2024 | Accounts · bulk data Mar 2024 | FullAccounts · bulk data Mar 2025 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- 2.5%
- Profit ÷ revenue.
- Gross margin
- 21%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £255k
- Revenue ÷ average employees.
- Profit per employee
- £6.5k
- Profit ÷ average employees.
- Cash conversion
- 128.8%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 5.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 14.7%
- 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
- 0%
- Now £145
- Cash at bank
- ▲60%
- Now £3.6m
- Headcount
- ▼14%
- Now 79
- Deferred income
- 0%
- Now £2.2k
- Fixed assets
- ▼23%
- Now £1.1m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (8)
- Airport Chauffeurs London LtdFigures not disclosed
- District Cars Meco LtdFigures not disclosed
- Evo Hire UK LimitedFigures not disclosed
- Evo Meco LtdFigures not disclosed
- Gatwick Cars LimitedFigures not disclosed
- Intrinsic Solutions UK LtdFigures not disclosed
- PTS-247 LimitedFigures not disclosed
- Taxi to the Airport LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £512k), from the Companies House accounts bulk data published May 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.