Millers Well Ltd
Registered name: MILLERS WELL LTD
Millers Well Ltd made £564k revenue and £7k profit in the year to 28 Feb 2025.
Millers Well Ltd’s revenue grew 416% to £564k in the year to 28 Feb 2025, with £7k profit and 17 employees. The company is classified under “other retail sale in non-specialised stores” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 3 yrs · since 2023
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Feb 2024 | 28 Feb 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £109k | £564k |
| Cost of sales | £90.6k | £222k |
| Gross profit | £18.9k | £342k |
| Operating profit | −£103k | £15.4k |
| Profit after tax | −£103k | £7k |
| Profit (best available) | −£103k | £7k |
| Employees (average) | 16 | 17 |
| Ratios | ||
| Profit margin | −93.7% | 1.2% |
| Gross margin | 17.2% | 60.6% |
| Revenue per employee | £6.8k | £33.2k |
| Profit per employee | −£6.4k | £410 |
| Growth (year on year) | ||
| Revenue growth | — | ▲415.7% |
| Headcount growth | — | ▲6.3% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £5.6k | £4.2k |
| Net assets | −£142k | −£95.6k |
| Fixed assets | £3.8k | £21.6k |
| Current assets | £15k | £39.6k |
| Debtors | £0 | £20k |
| Source | FilletedAccounts · bulk data Feb 2025 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 1.2%
- Profit ÷ revenue.
- Gross margin
- 60.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £33.2k
- Revenue ÷ average employees.
- Profit per employee
- £410
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 3.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 3.5%
- 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 −£95.6k
- Cash at bank
- ▼25%
- Now £4.2k
- Headcount
- ▲6%
- Now 17
- Deferred income
- —
- Now —
- Fixed assets
- ▲463%
- Now £21.6k
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Sources
Latest figures from FullAccounts for the year to 28 Feb 2025 (profit £7k), from the Companies House accounts bulk data published Nov 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.