Mills & Reeve LLP
Registered name: MILLS & REEVE LLP
Mills & Reeve LLP made £182m revenue and £61.1m profit in the year to 31 May 2025.
Mills & Reeve LLP’s revenue grew 6% to £182m in the year to 31 May 2025, with £61.1m profit and 1,226 employees. The company is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 19 yrs · since 2007
- 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 May 2023 | 31 May 2024 | 31 May 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £149m | £171m | £182m |
| Operating profit | £55.6m | £62.2m | £61.8m |
| Profit before tax | £55.8m | £62.6m | £62m |
| Profit after tax | £55.2m | £61.9m | £61.1m |
| Profit (best available) | £55.2m | £61.9m | £61.1m |
| Employees (average) | 939 | 1,154 | 1,226 |
| Ratios | |||
| Profit margin | 37.1% | 36.1% | 33.6% |
| Revenue per employee | £158k | £148k | £148k |
| Profit per employee | £58.8k | £53.7k | £49.8k |
| Growth (year on year) | |||
| Revenue growth | — | ▲15.2% | ▲6% |
| Profit growth | — | ▲12.1% | ▼1.4% |
| Headcount growth | — | ▲22.9% | ▲6.2% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Feb 2025 | Accounts · bulk data Feb 2025 | Accounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 33.6%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £148k
- Revenue ÷ average employees.
- Profit per employee
- £49.8k
- 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
- —
- 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 —
- Headcount
- ▲6%
- Now 1,226
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (7)
- Everslim ServicesFigures not disclosed
- M&R Secretarial Services LimitedFigures not disclosed
- Mills & Reeve (Nominees) LimitedFigures not disclosed
- Mills & Reeve LimitedFigures not disclosed
- Mills & Reeve Services LimitedFigures not disclosed
- Mills & Reeve Trust Corporation LimitedFigures not disclosed
- Strategic Insurance Solutions LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 May 2025 (profit £61.1m), from the Companies House accounts bulk data published Jan 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.