How much does Victoria Miro Gallery Limited make?

Victoria Miro Gallery Limited reported revenue of £57.3m and £3.6m profit in the year to 31 Oct 2024, according to its accounts filed at Companies House.

How many employees does Victoria Miro Gallery Limited have?

Victoria Miro Gallery Limited reported an average of 58 employees in the year to 31 Oct 2024.

Is Victoria Miro Gallery Limited profitable?

Yes — Victoria Miro Gallery Limited reported a profit of £3.6m in the year to 31 Oct 2024.

Company No. 02744895 · Incorporated 3 Sep 1992

Victoria Miro Gallery Limited

Registered name: VICTORIA MIRO GALLERY LIMITED

Part of Victoria Miro Gallery Group Limited group

Victoria Miro Gallery Limited made £57.3m revenue and £3.6m profit in the year to 31 Oct 2024. read from filing text

Victoria Miro Gallery Limited’s revenue grew 1% to £57.3m in the year to 31 Oct 2024, with £3.6m profit and 58 employees. The company is classified under “retail sale of other second-hand goods in stores (not incl. antiques)” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47799Retail sale of other second-hand goods in stores (not incl. antiques)

Status: Active
Location: London, London
Age: 34 yrs · since 1992
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. From the filing: “At the balance sheet date the ultimate parent company was Victoria Miro Gallery Group Limited, a company registered in England and Wales. The consolidated financial statements of Victoria Miro Gallery”

Latest accounts · year to 31 Oct 2024

Key figures

Capital-light

Revenue

£57.3m

Growth ▲0.9%

Profit

£3.6m

Growth ▼43.7%

Profit margin

6.3%

Gross 51.4%

Employees

Change ▲3.6%

Profit / employee

£62.7k

Revenue/employee £988k

Profitable streak

4yrs

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 Oct 2021	31 Oct 2022	31 Oct 2023	31 Oct 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£43.7m	£48.8m	£56.8m	£57.3m
Cost of sales	£26m	£32.1m	£43.8m	£27.9m
Gross profit	£17.7m	£16.7m	£13.1m	£29.5m
Operating profit	£7.3m	£5.9m	£6m	£6.1m
Profit before tax	£7.3m	£5.9m	£7m	£7.1m
Profit after tax	£6m	£5.1m	£6.5m	£3.6m
Profit (best available)	£6m	£5.1m	£6.5m	£3.6m
Staff costs	£4.3m	£4.9m	£4.7m	£5.6m
Employees (average)	47	54	56	58
Ratios
Profit margin	13.6%	10.5%	11.4%	6.3%
Gross margin	40.5%	34.1%	23%	51.4%
Revenue per employee	£929k	£904k	£1m	£988k
Profit per employee	£127k	£94.8k	£115k	£62.7k
Growth (year on year)
Revenue growth	—	▲11.8%	▲16.5%	▲0.9%
Profit growth	—	▼14.1%	▲26.2%	▼43.7%
Headcount growth	—	▲14.9%	▲3.7%	▲3.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£33.2m	£38.3m	£30.8m	£31.1m
Net assets	£16m	£19.3m	£25.4m	£29m
Fixed assets	£1.5m	£1.3m	£8.4m	£5.1m
Current assets	£47.6m	£62m	£56.8m	£66.6m
Debtors	£793k	£347k	£684k	£1m
Deferred income	£14.7m	£18.4m	£15.1m	£28.2m
Source	Accounts · bulk data Feb 2024	Accounts · bulk data Feb 2024	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: 6.3%; Profit ÷ revenue.
Gross margin: 51.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £988k; Revenue ÷ average employees.
Profit per employee: £62.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 8.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 49.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.8%; 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: ▲14%; Now £29m
Cash at bank: ▲1%; Now £31.1m
Headcount: ▲4%; Now 58
Deferred income: ▲86%; Now £28.2m
Fixed assets: ▼39%; Now £5.1m

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

Victoria Miro Gallery Group Limitedultimate parent75–100%
Victoria Miro Gallery Limitedthis company

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

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2024 (profit £3.6m), from the Companies House accounts bulk data published May 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 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.