MTH Midco 2 Limited
Registered name: MTH MIDCO 2 LIMITED
Part of Clareant Training Holdings Limited groupMTH Midco 2 Limited made £60.4m revenue and a £2.3m loss in the year to 31 Jul 2025.
MTH Midco 2 Limited’s revenue was £60.4m in the year to 31 Jul 2025, with a loss of £2.3m and 985 employees. The company is classified under “non-trading company” and is based in Bristol; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Bristol, South West
- Age
- 10 yrs · since 2016
- 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 | 31 Jan 2022 | 31 Jul 2023 | 31 Jul 2024 | 31 Jul 2025 |
|---|---|---|---|---|
| Disclosure | Profit only | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £79.5m | £60.7m | £60.4m |
| Cost of sales | — | −£4.8m | −£3.8m | −£62.2m |
| Gross profit | — | £74.7m | £56.9m | — |
| Operating profit | — | −£46.6m | −£1.5m | −£1.7m |
| Profit before tax | — | −£61m | −£7.3m | −£2.3m |
| Profit after tax | £0 | −£65.8m | −£1.4m | −£2.3m |
| Profit (best available) | £0 | −£65.8m | −£1.4m | −£2.3m |
| Employees (average) | 0 | 0 | 1,046 | 985 |
| Ratios | ||||
| Profit margin | — | −82.7% | −2.3% | −3.8% |
| Gross margin | — | 93.9% | 93.7% | — |
| Revenue per employee | — | — | £58k | £61.4k |
| Profit per employee | — | — | −£1.3k | −£2.4k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▼0.4% |
| Headcount growth | — | — | — | ▼5.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | £38.4m | £55m | — | — |
| Fixed assets | £38.4m | £25.8m | — | — |
| Debtors | £0 | £0 | — | — |
| Deferred income | £0 | £0 | — | — |
| Source | Accounts · bulk data Jul 2024 | Accounts · bulk data Jul 2024 | Accounts · bulk data Feb 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −3.8%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £61.4k
- Revenue ÷ average employees.
- Profit per employee
- −£2.4k
- 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
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼6%
- Now 985
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Clareant Training Holdings Limitedultimate parent75–100%
- MTH Midco 2 Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- MTH Bidco LimitedRev. — · Profit −£40.8m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Jul 2025 (profit −£2.3m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Updated from Companies House on 12 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.