How much does Mike Worldwide Ltd make?

Mike Worldwide Ltd reported revenue of £63.4k and £1.1k profit in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Mike Worldwide Ltd have?

Mike Worldwide Ltd reported an average of 1 employee in the year to 31 Mar 2023.

Is Mike Worldwide Ltd profitable?

Yes — Mike Worldwide Ltd reported a profit of £1.1k in the year to 31 Mar 2023.

Company No. 11266690 · Incorporated 21 Mar 2018

Mike Worldwide Ltd

Registered name: MIKE WORLDWIDE LTD

Mike Worldwide Ltd made £63.4k revenue and £1.1k profit in the year to 31 Mar 2023.

Mike Worldwide Ltd’s revenue grew 15% to £63.4k in the year to 31 Mar 2023, with £1.1k profit and 1 employee. The company is classified under “freight transport by road” and is based in Grays; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49410Freight transport by road

Status: Active - Proposal to Strike off
Location: Grays, London
Age: 8 yrs · since 2018
Type: Private Limited Company

Latest accounts · year to 31 Mar 2023

Key figures

IndependentSmall teamDoing more with lessBoring industry

Revenue

£63.4k

Growth ▲14.8%

Profit

£1.1k

Growth ▼86.3%

Profit margin

1.7%

Gross 89.1%

Employees

Change ▼50%

Profit / employee

£1.1k

Revenue/employee £63.4k

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 2022	31 Mar 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£55.2k	£63.4k
Cost of sales	£6.1k	£6.9k
Gross profit	£53.5k	£56.5k
Operating profit	£11.4k	£1.3k
Profit before tax	£11.4k	£1.3k
Profit after tax	£7.8k	£1.1k
Profit (best available)	£7.8k	£1.1k
Employees (average)	2	1
Ratios
Profit margin	14.1%	1.7%
Gross margin	97%	89.1%
Revenue per employee	£27.6k	£63.4k
Profit per employee	£3.9k	£1.1k
Growth (year on year)
Revenue growth	—	▲14.8%
Profit growth	—	▼86.3%
Headcount growth	—	▼50%
Balance sheet — indirect signals, not revenue
Cash at bank	£12k	£5.1k
Net assets	−£10.6k	£1.4k
Fixed assets	£22.6k	£20.1k
Current assets	£12k	£7.5k
Debtors	—	£2.3k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: 1.7%; Profit ÷ revenue.
Gross margin: 89.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £63.4k; Revenue ÷ average employees.
Profit per employee: £1.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 31.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.7%; 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 £1.4k
Cash at bank: ▼57%; Now £5.1k
Headcount: ▼50%; Now 1
Deferred income: —; Now —
Fixed assets: ▼11%; Now £20.1k

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2023 (profit £1.1k), from the Companies House accounts bulk data published Dec 2023. 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.