MILLMAN LIMITED
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Next accounts due
2026-09-29 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-04-09
Overdue
Watchouts
Cash
£1M
-75.9% vs 2023
Net assets
-£840K
-39.6% lowest in 6 filed years
Employees
3
0% vs 2023
Profit before tax
-£205K
+84.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-04-09.
Net assets
9-year trend · vs Consumer Discretionary median
Accounts
9-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-01-01 | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | £267,006,044 | — | £123,557,718 | — | £80,438,417 | — | £39,284,175 | £55,824,338 | |
| Operating profit | — | £519,993 | — | £255,427 | — | £606,658 | — | -£1,182,435 | -£173,456 | |
| Profit before tax | — | £517,277 | — | £205,652 | — | £589,996 | -£667,195 | -£1,325,288 | -£205,186 | |
| Net profit | — | £401,959 | — | £162,962 | — | £472,362 | -£567,195 | -£1,345,248 | -£205,186 | |
| Cash | — | £4,896,630 | — | £1,948,428 | — | £258,785 | £611,835 | £5,848,659 | £1,412,224 | |
| Total assets less current liabilities | — | £584,128 | — | £719,905 | — | £1,209,656 | £1,564,318 | £178,872 | -£61,877 | |
| Net assets | — | £577,690 | — | £713,467 | — | £1,203,218 | £740,514 | -£601,776 | -£839,916 | |
| Equity | £196,452 | £577,690 | £577,690 | £713,467 | £713,467 | £1,203,218 | £740,514 | -£601,776 | -£839,916 | |
| Average employees | — | 4 | — | 4 | — | 4 | 4 | 3 | 3 | |
| Wages | — | £522,394 | — | £241,915 | — | £999,272 | £141,855 | £641,193 | £143,810 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-01-01 | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | 0.2% | — | 0.2% | — | 0.8% | — | -3.0% | -0.3% | |
| Net margin | — | 0.2% | — | 0.1% | — | 0.6% | — | -3.4% | -0.4% | |
| Return on capital employed | — | 89.0% | — | 35.5% | — | 50.2% | — | -661.1% | 280.3% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | — | 103.7% | 107.5% | |
| Current ratio | — | — | — | — | — | — | — | 1.01x | 0.94x | |
| Interest cover | — | 191.46x | — | 5.13x | — | 36.41x | — | -36.74x | -5.47x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Elliotts Shah
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- MILLMAN LIMITED · parent
- Millman (Shanghai) Limited 100%
- Millman (India) Private Limited 99%
Significant events
- “During 2024 we had to deal with the continuation of the Ukraine conflict together with stricter banking regulations which causes banking transactions to take much longer than they have in the past. The company has already reduced its exposure to the region. The management team are highly focused on sourcing from countries other than Russia, and have established new suppliers in China, Malaysia and India.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MEW, Richard | Secretary | 2008-04-21 | — | British |
| GHOSH, Sushovan | Director | 1994-02-28 | Jul 1957 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SHAH, Dhimant Tarachand | Secretary | 1991-06-18 | 1992-08-20 |
| SMITH, Geoffrey Philip | Secretary | 1994-02-28 | 2008-04-21 |
| ALMAN LIMITED | Corporate Secretary | 1992-08-20 | 1994-02-28 |
| FIRST SECRETARIES LIMITED | Corporate Nominee Secretary | 1991-05-10 | 1991-06-18 |
| BUKHTOIAROV, Arkady | Director | 2022-04-20 | 2023-11-30 |
| CHAPMAN, Jacqueline | Director | 1995-04-20 | 1995-09-29 |
| DRURY, Samantha Louise | Director | 2024-11-01 | 2025-12-05 |
| GHOSH, Sourin | Director | 2021-09-22 | 2024-11-01 |
| GHOSH, Sushovan | Director | 1991-06-18 | 1992-08-20 |
| GHOSH, Susmita | Director | 2012-02-01 | 2025-10-01 |
| SHAH, Dhimant Tarachand | Director | 1991-06-18 | 1992-08-20 |
| FIRST DIRECTORS LIMITED | Corporate Nominee Director | 1991-05-10 | 1991-06-18 |
| SGI ENTERPRISES LIMITED | Corporate Director | 1992-08-20 | 1994-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Sushovan Ghosh | Individual | Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 120 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-05-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-29 | AA | accounts | Accounts with accounts type full | |
| 2025-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-23 | AA | accounts | Accounts with accounts type full | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-09 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-09 | CH01 | officers | Change person director company with change date | |
| 2025-03-13 | AUD | auditors | Auditors resignation company | |
| 2024-12-11 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-11-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-02 | AA | accounts | Accounts with accounts type full | |
| 2023-12-20 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-09-20 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+42.1%
£39,284,175 £55,824,338
-
Cash
-75.9%
£5,848,659 £1,412,224
-
Net assets
-39.6%
-£601,776 -£839,916
lowest in 6 filed years
-
Employees
0%
3 3
-
Operating profit
+85.3%
-£1,182,435 -£173,456
-
Profit before tax
+84.5%
-£1,325,288 -£205,186
-
Wages
-77.6%
£641,193 £143,810
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers