How much does MK Assets Ltd make?

MK Assets Ltd reported revenue of £350k and a loss of £10k in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does MK Assets Ltd have?

MK Assets Ltd reported an average of 3 employees in the year to 31 Mar 2023.

Is MK Assets Ltd profitable?

No — MK Assets Ltd reported a loss of £10k in the year to 31 Mar 2023.

Company No. 09211126 · Incorporated 10 Sep 2014

MK Assets Ltd

Registered name: MK ASSETS LTD

MK Assets Ltd made £350k revenue and a £10k loss in the year to 31 Mar 2023.

MK Assets Ltd’s revenue fell 18% to £350k in the year to 31 Mar 2023, with a loss of £10k and 3 employees. The company is classified under “development of building projects” and is based in Northampton; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects

Status: In Administration
Location: Northampton, East Midlands
Age: 12 yrs · since 2014
Type: Private Limited Company

Latest accounts · year to 31 Mar 2023

Key figures

IndependentSmall team

Revenue

£350k

Growth ▼17.6%

Profit

−£10k

Growth ▼196.3%

Profit margin

−2.9%

Gross 5.7%

Employees

Change ▼25%

Profit / employee

−£3.3k

Revenue/employee £117k

Profitable streak

0yrs

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 Mar 2022	31 Mar 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£425k	£350k
Cost of sales	£280k	£330k
Gross profit	£145k	£20k
Operating profit	£109k	−£10k
Profit before tax	£10.4k	−£10k
Profit after tax	£10.4k	−£10k
Profit (best available)	£10.4k	−£10k
Employees (average)	4	3
Ratios
Profit margin	2.4%	−2.9%
Gross margin	34.1%	5.7%
Revenue per employee	£106k	£117k
Profit per employee	£2.6k	−£3.3k
Growth (year on year)
Revenue growth	—	▼17.6%
Profit growth	—	▼196.3%
Headcount growth	—	▼25%
Balance sheet — indirect signals, not revenue
Cash at bank	£99.5k	£1k
Net assets	−£665k	−£999k
Current assets	£1.4m	£2m
Debtors	£23.9k	£1m
Source	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2024

Derived from the latest filing

How the business works

Profit margin: −2.9%; Profit ÷ revenue.
Gross margin: 5.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £117k; Revenue ÷ average employees.
Profit per employee: −£3.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 285.7%; 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: —; Now −£999k
Cash at bank: ▼99%; Now £1k
Headcount: ▼25%; Now 3
Deferred income: —; Now —
Fixed assets: —; Now —

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2023 (profit −£10k), from the Companies House accounts bulk data published Oct 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.