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Company No. 10653969 · Incorporated 6 Mar 2017

Ma Group London Limited

Registered name: MA GROUP LONDON LIMITED

Part of The Independents Holding Limited group

Ma Group London Limited made £10.7m revenue and £42k profit in the year to 31 Mar 2025.

Ma Group London Limited’s revenue fell 17% to £10.7m in the year to 31 Mar 2025, with £42k profit and 15 employees. The company is classified under “media representation services” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 73120Media representation services
Status
Active
Location
London, London
Age
9 yrs · since 2017
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.

Latest accounts · year to 31 Mar 2025

Key figures

Capital-lightCash flow filed
Revenue
£10.7m
Growth ▼17.1%
Profit
£42k
Growth ▼96.7%
Profit margin
0.4%
Gross 17.1%
Employees
15
Change ▼11.8%
Profit / employee
£2.8k
Revenue/employee £713k
Profitable streak
4yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 202231 Mar 202331 Mar 202431 Mar 2025
DisclosureFull P&LFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£15.8m£17m£12.9m£10.7m
Cost of sales£12.4m£13.3m£9.6m£8.9m
Gross profit£3.4m£3.8m£3.3m£1.8m
Operating profit£1.6m£2.2m£1.7m£67.7k
Profit before tax£1.6m£2.2m£1.7m£64.1k
Profit after tax£1.3m£1.7m£1.3m£42k
Profit (best available)£1.3m£1.7m£1.3m£42k
Staff costs£1.1m£952k£1.2m£1.3m
Employees (average)17161715
Ratios
Profit margin8.3%10.2%9.9%0.4%
Gross margin21.4%22.3%25.7%17.1%
Revenue per employee£927k£1.1m£759k£713k
Profit per employee£76.9k£109k£75.2k£2.8k
Cash conversion79.1%58.6%67.3%−208.8%
Growth (year on year)
Revenue growth—▲8.2%▼24.3%▼17.1%
Profit growth—▲32.8%▼26.4%▼96.7%
Headcount growth—▼5.9%▲6.3%▼11.8%
Balance sheet — indirect signals, not revenue
Cash at bank£2.7m£3.1m£2.8m£1.8m
Net assets£2.3m£3.1m£3m£2.1m
Fixed assets£23.5k£20.7k£35.7k£30.9k
Current assets£6.4m£7.9m£6m£4.4m
Debtors£3m£3.7m£2.8m£2.1m
Deferred income£169k£181k£44.8k£55.9k
Cash from operations£1.3m£1.3m£1.2m−£141k
SourceFullAccounts · bulk data Mar 2024FullAccounts · bulk data Mar 2024FullAccounts · bulk data Jan 2025FullAccounts · bulk data Dec 2025
Derived from the latest filing

How the business works

Profit margin
0.4%
Profit ÷ revenue.
Gross margin
17.1%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£713k
Revenue ÷ average employees.
Profit per employee
£2.8k
Profit ÷ average employees.
Cash conversion
−208.8%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.3%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
0.5%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
19.5%
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
▼30%
Now £2.1m
Cash at bank
▼37%
Now £1.8m
Headcount
▼12%
Now 15
Deferred income
▲25%
Now £55.9k
Fixed assets
▼13%
Now £30.9k

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

  1. The Independents Holding Limitedultimate parent75–100%
  2. The Independents Creative Collective UK Limited75–100%
  3. Ma Group London Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (7)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £42k), 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.