Mealough Developments LLP
Registered name: MEALOUGH DEVELOPMENTS LLP
Mealough Developments LLP made £10.1m revenue and a £1.7m loss in the year to 31 Mar 2025.
Mealough Developments LLP’s revenue was £10.1m in the year to 31 Mar 2025, with a loss of £1.7m and 0 employees. The company is based in Belfast; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Belfast, Northern Ireland
- Age
- 17 yrs · since 2009
- Type
- Limited Liability Partnership
Partnership. Profit is shown before the partners' own pay, so margins aren't comparable with a limited company. 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 Mar 2024 | 31 Mar 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £9.7m | £10.1m |
| Cost of sales | £8.8m | £10.5m |
| Gross profit | £880k | −£481k |
| Operating profit | £403k | −£712k |
| Profit after tax | −£73k | −£1.7m |
| Profit (best available) | −£73k | −£1.7m |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | −0.8% | −17.4% |
| Gross margin | 9.1% | −4.8% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £668k | £2.1m |
| Net assets | — | — |
| Current assets | £20.1m | £20.5m |
| Debtors | £9.9m | £11.6m |
| Source | FullAccounts · bulk data Mar 2026 | FullAccounts · bulk data Mar 2026 |
How the business works
- Profit margin
- −17.4%
- Profit ÷ revenue.
- Gross margin
- −4.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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
- 115.9%
- 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 £2.1m
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Minority corporate shareholders
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£1.7m), from the Companies House accounts bulk data published Mar 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.