Mishcon De Reya LLP
Registered name: MISHCON DE REYA LLP
Mishcon De Reya LLP made £302m revenue and £96.7m profit in the year to 31 Mar 2024.
Mishcon De Reya LLP’s revenue grew 18% to £302m in the year to 31 Mar 2024, with £96.7m profit and 1,203 employees. The company is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 11 yrs · since 2015
- Type
- Limited Liability Partnership
Key figures
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £256m | £302m |
| Cost of sales | −£71.9m | −£92.3m |
| Gross profit | £184m | £210m |
| Operating profit | £94.7m | £100m |
| Profit before tax | £93.2m | £97.1m |
| Profit after tax | £93.2m | £96.7m |
| Profit (best available) | £93.2m | £96.7m |
| Employees (average) | 1,118 | 1,203 |
| Ratios | ||
| Profit margin | 36.4% | 32% |
| Gross margin | 71.9% | 69.5% |
| Revenue per employee | £229k | £251k |
| Profit per employee | £83.4k | £80.4k |
| Growth (year on year) | ||
| Revenue growth | — | ▲18% |
| Profit growth | — | ▲3.8% |
| Headcount growth | — | ▲7.6% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2024 |
How the business works
- Profit margin
- 32%
- Profit ÷ revenue.
- Gross margin
- 69.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £251k
- Revenue ÷ average employees.
- Profit per employee
- £80.4k
- 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.
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
- ▲8%
- Now 1,203
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (10)
- MDR Als (Holdings) LimitedFigures not disclosed
- MDR Brand Management LLPFigures not disclosed
- MDR Discover LLPFigures not disclosed
- MDR Mayfair LimitedFigures not disclosed
- MDRX LLPFigures not disclosed
- Mishcon De Reya Group (Operations) LimitedFigures not disclosed
- Mishcon De Reya Trust Corporation LimitedFigures not disclosed
- Mishcon Purpose LimitedFigures not disclosed
- Taylor Vinters LLPFigures not disclosed
- Westlex Nominees LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2024 (profit £96.7m), from the Companies House accounts bulk data published Oct 2024. Spotted an error? Request a correction.
Updated from Companies House on 23 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.