MTL Financial Ltd
Registered name: MTL FINANCIAL LTD
MTL Financial Ltd made £6.7m revenue and a £7m loss in the year to 31 Jan 2025.
MTL Financial Ltd’s revenue fell 12% to £6.7m in the year to 31 Jan 2025, with a loss of £7m and 12 employees. The company is classified under “other credit granting” and is based in London; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 9 yrs · since 2017
- 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 Jan 2021 | 31 Jan 2022 | 31 Jan 2023 | 31 Jan 2024 | 31 Jan 2025 |
|---|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | £1.1m | £2.8m | £5.9m | £7.6m | £6.7m |
| Cost of sales | £108k | £2.1m | £5.1m | £5.4m | £9.9m |
| Gross profit | £943k | £652k | £781k | £2.3m | −£3.2m |
| Operating profit | −£933k | −£2.6m | −£6.3m | −£2.1m | −£7.1m |
| Profit before tax | −£1m | −£2.6m | −£6.3m | −£2.1m | −£7.1m |
| Profit after tax | −£939k | −£2.3m | −£6.3m | −£2.1m | −£7m |
| Profit (best available) | −£939k | −£2.3m | −£6.3m | −£2.1m | −£7m |
| Employees (average) | 6 | 37 | 49 | 38 | 12 |
| Ratios | |||||
| Profit margin | −89.3% | −84.2% | −107.1% | −28.1% | −104.3% |
| Gross margin | 89.7% | 23.5% | 13.3% | 29.8% | −48.3% |
| Revenue per employee | £175k | £75.1k | £120k | £201k | £556k |
| Profit per employee | −£157k | −£63.2k | −£128k | −£56.3k | −£580k |
| Growth (year on year) | |||||
| Revenue growth | — | ▲164.3% | ▲110.9% | ▲30.1% | ▼12.4% |
| Headcount growth | — | ▲516.7% | ▲32.4% | ▼22.4% | ▼68.4% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £2.9m | £3.5m | £4m | £424k | £2.6m |
| Net assets | £3.6m | £1.9m | £7.8m | £5.8m | £2.3m |
| Fixed assets | £25.8k | £30.1k | £37.9k | £21.1k | £44.2k |
| Current assets | £4.3m | £8.3m | £14.4m | £9.6m | £140m |
| Debtors | £1.4m | £0 | £2.4k | £0 | £137m |
| Source | FullAccounts · bulk data Oct 2023 | FullAccounts · bulk data Oct 2023 | FullAccounts · bulk data Oct 2024 | Accounts · bulk data Feb 2025 | FilletedAccounts · bulk data Apr 2026 |
How the business works
- Profit margin
- −104.3%
- Profit ÷ revenue.
- Gross margin
- −48.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £556k
- Revenue ÷ average employees.
- Profit per employee
- −£580k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2055%
- 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
- ▼61%
- Now £2.3m
- Cash at bank
- ▲525%
- Now £2.6m
- Headcount
- ▼68%
- Now 12
- Deferred income
- —
- Now —
- Fixed assets
- ▲110%
- Now £44.2k
Group structure
Subsidiaries (1)
- Of Rev Advance One LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FilletedAccounts for the year to 31 Jan 2025 (profit −£7m), from the Companies House accounts bulk data published Apr 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.