Midea Home Appliances UK Ltd
Registered name: MIDEA HOME APPLIANCES UK LTD
Midea Home Appliances UK Ltd made £23.1m revenue and £139k profit in the year to 31 Dec 2024. read from filing text
Midea Home Appliances UK Ltd’s revenue grew 77% to £23.1m in the year to 31 Dec 2024, with £139k profit and 17 employees. The company is classified under “other business support service activities” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 8 yrs · since 2018
- 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: “The parent company of Midea Home Appliances UK Ltd is Midea Electrics Netherlands B.V. and its registered office is”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £13m | £23.1m |
| Cost of sales | — | — | £12.8m | £23.9m |
| Gross profit | — | — | £249k | −£808k |
| Operating profit | — | — | −£404k | £55.7k |
| Profit before tax | — | — | −£415k | £144k |
| Profit after tax | — | — | −£415k | £139k |
| Profit (best available) | — | — | −£415k | £139k |
| Staff costs | — | — | £638k | £969k |
| Employees (average) | 2 | 6 | 10 | 17 |
| Ratios | ||||
| Profit margin | — | — | −3.2% | 0.6% |
| Gross margin | — | — | 1.9% | −3.5% |
| Revenue per employee | — | — | £1.3m | £1.4m |
| Profit per employee | — | — | −£41.5k | £8.2k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲77.4% |
| Headcount growth | — | ▲200% | ▲66.7% | ▲70% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £841k | £2.7m | £2.4m | £4.4m |
| Net assets | £26.4k | £54.5k | −£361k | −£221k |
| Fixed assets | £375 | £2.8k | £12.8k | £39.9k |
| Current assets | £5.4m | £5.4m | £12.9m | £17.6m |
| Debtors | £3m | £1.8m | £5.7m | £5.6m |
| Deferred income | £637k | £745k | £1m | £1.4m |
| Source | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 0.6%
- Profit ÷ revenue.
- Gross margin
- −3.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.4m
- Revenue ÷ average employees.
- Profit per employee
- £8.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 5.9%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 24.2%
- 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
- —
- Now −£221k
- Cash at bank
- ▲82%
- Now £4.4m
- Headcount
- ▲70%
- Now 17
- Deferred income
- ▲32%
- Now £1.4m
- Fixed assets
- ▲212%
- Now £39.9k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £139k), from the Companies House accounts bulk data published Dec 2025. 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.