How much does Minerva Equity Limited make?

Minerva Equity Limited reported revenue of £2.5bn and a loss of £78.9m in the year to 31 Mar 2025, according to its accounts filed at Companies House.

Is Minerva Equity Limited profitable?

No — Minerva Equity Limited reported a loss of £78.9m in the year to 31 Mar 2025.

Company No. 11279452 · Incorporated 27 Mar 2018

Minerva Equity Limited

Registered name: MINERVA EQUITY LIMITED

Part of Cvc Capital Partners Plc group

Minerva Equity Limited made £2.5bn revenue and a £78.9m loss in the year to 31 Mar 2025.

Minerva Equity Limited’s revenue grew 14% to £2.5bn in the year to 31 Mar 2025, with a loss of £78.9m. The company is classified under “non-trading company” and is based in Stevenage; we hold 3 years of its filed accounts.

Full P&L filedSIC 74990Non-trading company

Status: Active
Location: Stevenage
Age: 8 yrs · since 2018
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

Revenue

£2.5bn

Growth ▲14.1%

Profit

−£78.9m

Growth —

Profit margin

−3.1%

Gross 12.2%

Employees

—

Change —

Profit / employee

—

Profitable streak

0yrs

Consecutive profitable years in our data

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£1.9bn	£2.2bn	£2.5bn
Cost of sales	−£1.7bn	−£2bn	−£2.2bn
Gross profit	£200m	£213m	£304m
Operating profit	−£9.5m	£12.7m	£4.2m
Profit before tax	−£79.3m	−£80.3m	−£87.7m
Profit after tax	−£79.5m	−£81.3m	−£78.9m
Profit (best available)	−£79.5m	−£81.3m	−£78.9m
Employees (average)	—	—	—
Ratios
Profit margin	−4.3%	−3.7%	−3.1%
Gross margin	10.7%	9.7%	12.2%
Growth (year on year)
Revenue growth	—	▲17.8%	▲14.1%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Oct 2024	Accounts · bulk data Oct 2024	Accounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −3.1%; Profit ÷ revenue.
Gross margin: 12.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; 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 —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Cvc Capital Partners Plc (registered outside the UK register)ultimate parent75–100%
M Group Limited75–100%
Midas Bidco I Limited75–100%
Minerva Equity Limitedthis company

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

Subsidiaries (1)

Minerva Bidco LimitedFigures 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 2025 (profit −£78.9m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 24 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.