How much does MLS Operations Limited make?

MLS Operations Limited reported revenue of £92.8m and £1m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does MLS Operations Limited have?

MLS Operations Limited reported an average of 1,688 employees in the year to 31 Dec 2025.

Is MLS Operations Limited profitable?

Yes — MLS Operations Limited reported a profit of £1m in the year to 31 Dec 2025.

Company No. 10523704 · Incorporated 13 Dec 2016

MLS Operations Limited

Registered name: MLS OPERATIONS LIMITED

MLS Operations Limited made £92.8m revenue and £1m profit in the year to 31 Dec 2025.

MLS Operations Limited’s revenue grew 8% to £92.8m in the year to 31 Dec 2025, with £1m profit and 1,688 employees. The company is classified under “unlicensed restaurants and cafes” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 56102Unlicensed restaurants and cafes

Status: Active
Location: London, London
Age: 9 yrs · since 2016
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentOperating leverageDoing more with lessCash flow filed

Revenue

£92.8m

Growth ▲7.8%

Profit

£1m

Growth ▲1138%

Profit margin

1.1%

Gross 68.1%

Employees

1,688

Change ▼10.5%

Profit / employee

£603

Revenue/employee £55k

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 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£59.9m	£73.4m	£86.1m	£92.8m
Cost of sales	£20.4m	£24.8m	£28.2m	£29.6m
Gross profit	£39.6m	£48.7m	£57.9m	£63.2m
Operating profit	£394k	£1m	£894k	£2m
Profit before tax	£241k	£663k	£374k	£1.4m
Profit after tax	£59k	£270k	£82.3k	£1m
Profit (best available)	£59k	£270k	£82.3k	£1m
Staff costs	£17.8m	£21.9m	£25.2m	£27.6m
Employees (average)	1,461	1,679	1,887	1,688
Ratios
Profit margin	0.1%	0.4%	0.1%	1.1%
Gross margin	66%	66.3%	67.3%	68.1%
Revenue per employee	£41k	£43.7k	£45.6k	£55k
Profit per employee	£40	£161	£44	£603
Cash conversion	−749%	−389.9%	−319.9%	−311.6%
Growth (year on year)
Revenue growth	—	▲22.5%	▲17.3%	▲7.8%
Profit growth	—	▲357.1%	▼69.5%	▲1138%
Headcount growth	—	▲14.9%	▲12.4%	▼10.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.2m	£4.6m	£3m	£4.9m
Net assets	£3.2m	£3.3m	£3.2m	£3.6m
Fixed assets	£10.7m	£14.8m	£17.7m	£16.6m
Current assets	£4.4m	£5.7m	£4.6m	£6.1m
Debtors	£643k	£478k	£685k	£555k
Cash from operations	−£3m	−£4m	−£2.9m	−£6.3m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 1.1%; Profit ÷ revenue.
Gross margin: 68.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £55k; Revenue ÷ average employees.
Profit per employee: £603; Profit ÷ average employees.
Cash conversion: −311.6%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 17.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.6%; 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: ▲13%; Now £3.6m
Cash at bank: ▲61%; Now £4.9m
Headcount: ▼11%; Now 1,688
Deferred income: —; Now —
Fixed assets: ▼6%; Now £16.6m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 15 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.