How much does Milecross Financial Solutions Limited make?

Milecross Financial Solutions Limited reported revenue of £10.4m and a loss of £301k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Milecross Financial Solutions Limited have?

Milecross Financial Solutions Limited reported an average of 60 employees in the year to 31 Dec 2025.

Is Milecross Financial Solutions Limited profitable?

No — Milecross Financial Solutions Limited reported a loss of £301k in the year to 31 Dec 2025.

Company No. NI601587 · Incorporated 11 Dec 2009

Milecross Financial Solutions Limited

Registered name: MILECROSS FINANCIAL SOLUTIONS LIMITED

Part of Openwork Partnership LLP group

Milecross Financial Solutions Limited made £10.4m revenue and a £301k loss in the year to 31 Dec 2025.

Milecross Financial Solutions Limited’s revenue grew 25% to £10.4m in the year to 31 Dec 2025, with a loss of £301k and 60 employees. The company is classified under “activities of insurance agents and brokers” and is based in Newtownards; we hold 4 years of its filed accounts.

Full P&L filedSection K · Financial and insurance activitiesSIC 66220Activities of insurance agents and brokers

Status: Active
Location: Newtownards, Northern Ireland
Age: 16 yrs · since 2009
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 Dec 2025

Key figures

Revenue

£10.4m

Growth ▲24.8%

Profit

−£301k

Growth —

Profit margin

−2.9%

Gross 52.6%

Employees

Change ▲20%

Profit / employee

−£5k

Revenue/employee £173k

Profitable streak

0yrs

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 to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Profit only	Profit only	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	—	£8.3m	£10.4m
Cost of sales	—	—	£4.4m	£4.9m
Gross profit	—	—	£3.9m	£5.5m
Operating profit	—	—	−£268k	£362k
Profit before tax	—	—	£148k	£131k
Profit after tax	£410k	£436k	−£107k	−£301k
Profit (best available)	£410k	£436k	−£107k	−£301k
Staff costs	—	—	£2m	£2.7m
Employees (average)	32	39	50	60
Ratios
Profit margin	—	—	−1.3%	−2.9%
Gross margin	—	—	46.9%	52.6%
Revenue per employee	—	—	£166k	£173k
Profit per employee	£12.8k	£11.2k	−£2.1k	−£5k
Growth (year on year)
Revenue growth	—	—	—	▲24.8%
Profit growth	—	▲6.3%	▼124.5%	—
Headcount growth	—	▲21.9%	▲28.2%	▲20%
Balance sheet — indirect signals, not revenue
Cash at bank	£517k	£309k	£891k	£433k
Net assets	£1.2m	£5.4m	£5.3m	£5m
Fixed assets	£1.1m	£5.3m	£10.3m	£9.1m
Current assets	£1.8m	£1.7m	£2.7m	£1.9m
Debtors	£280k	£316k	£345k	£397k
Deferred income	—	—	£82.3k	£191k
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −2.9%; Profit ÷ revenue.
Gross margin: 52.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £173k; Revenue ÷ average employees.
Profit per employee: −£5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 88%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.8%; 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: ▼5%; Now £5m
Cash at bank: ▼51%; Now £433k
Headcount: ▲20%; Now 60
Deferred income: ▲132%; Now £191k
Fixed assets: ▼12%; Now £9.1m

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

Openwork Partnership LLPultimate parent75–100%
Openwork Holdings Limited75–100%
Openwork Access Limited75–100%
Milecross Financial Solutions Limitedthis company

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

Subsidiaries (5)

Appletree Financial Solutions LimitedFigures not disclosed
Eureka Financial Solutions LtdFigures not disclosed
M & G Cliffe LimitedFigures not disclosed
Milecross Financial (Scotland) LtdFigures not disclosed
Milecross Money Solutions LimitedFigures not disclosed

Sister companies (1)

Centrad Holdings LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£301k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 15 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.