How much does Flex Legal Limited make?

Flex Legal Limited reported revenue of £10.5m and £84k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Flex Legal Limited have?

Flex Legal Limited reported an average of 96 employees in the year to 31 Mar 2025.

Is Flex Legal Limited profitable?

Yes — Flex Legal Limited reported a profit of £84k in the year to 31 Mar 2025.

Company No. 09820383 · Incorporated 12 Oct 2015

Flex Legal Limited

Registered name: FLEX LEGAL LIMITED

Part of Mishcon De Reya LLP group

Flex Legal Limited made £10.5m revenue and £84k profit in the year to 31 Mar 2025.

Flex Legal Limited’s revenue was £10.5m in the year to 31 Mar 2025, with £84k profit and 96 employees. The company is classified under “other information technology service activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities

Status: Active
Location: London, London
Age: 11 yrs · since 2015
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: “Mishcon de Reya LLP”

Latest accounts · year to 31 Mar 2025

Key figures

Capital-light

Revenue

£10.5m

Growth —

Profit

£84k

Growth —

Profit margin

0.8%

Gross 41.1%

Employees

Change —

Profit / employee

£875

Revenue/employee £110k

Profitable streak

2yrs

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 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£16.8m	£10.5m
Cost of sales	£11m	£6.2m
Gross profit	£5.8m	£4.3m
Operating profit	£527k	£129k
Profit before tax	£457k	£106k
Profit after tax	£430k	£84k
Profit (best available)	£430k	£84k
Staff costs	£14.3m	£8.9m
Employees (average)	66	96
Ratios
Profit margin	2.6%	0.8%
Gross margin	34.6%	41.1%
Revenue per employee	£255k	£110k
Profit per employee	£6.5k	£875
Balance sheet — indirect signals, not revenue
Cash at bank	£1.5m	£343k
Net assets	£2.2m	£1.2m
Fixed assets	£14.2k	£13.4k
Current assets	£3.3m	£2.3m
Debtors	£1.5m	£1.7m
Deferred income	£347k	£192k
Source	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 0.8%; Profit ÷ revenue.
Gross margin: 41.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £110k; Revenue ÷ average employees.
Profit per employee: £875; 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: 1.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.5%; 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 £1.2m
Cash at bank: —; Now £343k
Headcount: —; Now 96
Deferred income: —; Now £192k
Fixed assets: —; Now £13.4k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Mishcon De Reya LLPultimate parent75–100%
MDR Als (Holdings) Limited75–100%
Flex Legal 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 Mar 2025 (profit £84k), 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.