M L Operations Ltd
Registered name: M L OPERATIONS LTD
Part of Midland Lead Holdings Ltd groupM L Operations Ltd made £24.6m revenue and £366k profit in the year to 31 May 2025.
M L Operations Ltd’s revenue fell 7% to £24.6m in the year to 31 May 2025, with £366k profit and 37 employees. The company is classified under “casting of other non-ferrous metals” and is based in Swadlincote; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Swadlincote, East Midlands
- Age
- 13 yrs · since 2012
- 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: “Midland Lead Holdings Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2024 | 31 May 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £26.6m | £24.6m |
| Cost of sales | £22.5m | £22.5m |
| Gross profit | £4.1m | £2.2m |
| Operating profit | £1.1m | £510k |
| Profit before tax | £1.1m | £503k |
| Profit after tax | £899k | £366k |
| Profit (best available) | £899k | £366k |
| Staff costs | £1.8m | £1.7m |
| Employees (average) | 34 | 37 |
| Ratios | ||
| Profit margin | 3.4% | 1.5% |
| Gross margin | 15.4% | 8.8% |
| Revenue per employee | £781k | £665k |
| Profit per employee | £26.4k | £9.9k |
| Growth (year on year) | ||
| Revenue growth | — | ▼7.3% |
| Profit growth | — | ▼59.3% |
| Headcount growth | — | ▲8.8% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £2.7m | £1.1m |
| Net assets | £20.8m | £21.1m |
| Fixed assets | £878k | £971k |
| Current assets | £24.6m | £24.7m |
| Debtors | £4.7m | £4.2m |
| Deferred income | £435k | £879k |
| Source | FullAccounts · bulk data Feb 2026 | FullAccounts · bulk data Feb 2026 |
How the business works
- Profit margin
- 1.5%
- Profit ÷ revenue.
- Gross margin
- 8.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £665k
- Revenue ÷ average employees.
- Profit per employee
- £9.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 3.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17.2%
- 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
- ▲2%
- Now £21.1m
- Cash at bank
- ▼60%
- Now £1.1m
- Headcount
- ▲9%
- Now 37
- Deferred income
- ▲102%
- Now £879k
- Fixed assets
- ▲11%
- Now £971k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Midland Lead Holdings Ltdultimate parent75–100%
- M L Operations Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- M L Real Estate LtdFigures not disclosed
- Midland Lead LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 May 2025 (profit £366k), from the Companies House accounts bulk data published Feb 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.