How much does Mitie Security (First) Limited make?

Mitie Security (First) Limited reported revenue of £8.7m and £826k profit in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Mitie Security (First) Limited have?

Mitie Security (First) Limited reported an average of 465 employees in the year to 31 Mar 2023.

Is Mitie Security (First) Limited profitable?

Yes — Mitie Security (First) Limited reported a profit of £826k in the year to 31 Mar 2023.

Company No. 02053619 · Incorporated 9 Sep 1986

Mitie Security (First) Limited

Registered name: MITIE SECURITY (FIRST) LIMITED

Part of Mitie Group PLC group

Mitie Security (First) Limited made £8.7m revenue and £826k profit in the year to 31 Mar 2023.

Mitie Security (First) Limited’s revenue was £8.7m in the year to 31 Mar 2023, with £826k profit and 465 employees. The company is classified under “private security activities” and is based in London.

Full P&L filedSIC 80100Private security activities

Status: Liquidation
Location: London
Age: 40 yrs · since 1986
Type: Private Limited Company

Latest accounts · year to 31 Mar 2023

Key figures

Revenue

£8.7m

Growth —

Profit

£826k

Growth —

Profit margin

9.5%

Gross 6.6%

Employees

465

Change —

Profit / employee

£1.8k

Revenue/employee £18.7k

Profitable streak

1yr

Consecutive profitable years in our data

1 filed year

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023
Disclosure	Full P&L
Profit & loss
Revenue (turnover)	£8.7m
Cost of sales	−£8.1m
Gross profit	£577k
Operating profit	£16k
Profit before tax	−£11k
Profit after tax	£826k
Profit (best available)	£826k
Employees (average)	465
Ratios
Profit margin	9.5%
Gross margin	6.6%
Revenue per employee	£18.7k
Profit per employee	£1.8k
Balance sheet — indirect signals, not revenue
Net assets	—
Source	Accounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: 9.5%; Profit ÷ revenue.
Gross margin: 6.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £18.7k; Revenue ÷ average employees.
Profit per employee: £1.8k; 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.

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: —; Now —
Cash at bank: —; Now —
Headcount: —; Now 465
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Mitie Group PLCultimate parent75–100%
Mitie Treasury Management Limited75–100%
Mitie Specialist Services (Holdings) Limited75–100%
Mitie Security (First) Limitedthis company

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

Sister companies (2)

Mitie Environmental Services LimitedFigures not disclosed
Mitie Technical Services LimitedLiquidationFigures not disclosed

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

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2023 (profit £826k), from the Companies House accounts bulk data published Dec 2023. Spotted an error? Request a correction.

Updated from Companies House on 19 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.