Mifinity UK Limited
Registered name: MIFINITY UK LIMITED
Mifinity UK Limited made £21.5m revenue and £8.6m profit in the year to 31 Dec 2024.
Mifinity UK Limited’s revenue grew 99% to £21.5m in the year to 31 Dec 2024, with £8.6m profit and 15 employees. The company is classified under “activities auxiliary to financial intermediation” and is based in Belfast; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Belfast, Northern Ireland
- Age
- 14 yrs · since 2012
- 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 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £5.4m | £10.8m | £21.5m |
| Cost of sales | £5.3m | £7.6m | £10.3m |
| Gross profit | £57.1k | £3.2m | £11.2m |
| Operating profit | −£1m | £2.1m | — |
| Profit before tax | −£1m | £2.1m | £9.8m |
| Profit after tax | −£752k | £2.1m | £8.6m |
| Profit (best available) | −£752k | £2.1m | £8.6m |
| Employees (average) | 9 | 9 | 15 |
| Ratios | |||
| Profit margin | −13.9% | 19.5% | 40.1% |
| Gross margin | 1.1% | 29.4% | 52.1% |
| Revenue per employee | £600k | £1.2m | £1.4m |
| Profit per employee | −£83.5k | £234k | £573k |
| Growth (year on year) | |||
| Revenue growth | — | ▲100.2% | ▲98.7% |
| Profit growth | — | — | ▲307.6% |
| Headcount growth | — | 0% | ▲66.7% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £8.4m | £8.5m | £33m |
| Net assets | £2.1m | £4.2m | — |
| Fixed assets | £424 | £424 | — |
| Current assets | £16.1m | £23.2m | £77m |
| Debtors | £7.1m | £14.7m | £44m |
| Deferred income | £361k | £47.8k | — |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | Reports and Financial Statements · bulk data Oct 2025 |
How the business works
- Profit margin
- 40.1%
- Profit ÷ revenue.
- Gross margin
- 52.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.4m
- Revenue ÷ average employees.
- Profit per employee
- £573k
- 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
- 204.9%
- 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
- ▲288%
- Now £33m
- Headcount
- ▲67%
- Now 15
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Sources
Latest figures from Reports and Financial Statements for the year to 31 Dec 2024 (profit £8.6m), from the Companies House accounts bulk data published Oct 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.