VICTORIA MIRO GALLERY LIMITED
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Next accounts due
2026-08-01 (in 3mo)
Last filed for 2024-10-31
Confirmation statement due
2026-11-01 (in 6mo)
Last made up 2025-10-18
Watchouts
None on the register
Cash
£31M
+1.2% vs 2023
Net assets
£29M
+14.3% highest in 6 filed years
Employees
58
+3.6% highest in 6 filed years
Profit before tax
£7M
+1.9% vs 2023
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2024-10-31
| Metric | Trend | 2018-10-31 | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £56,574,395 | £35,655,010 | — | — | £56,847,500 | £57,330,003 | |
| Operating profit | — | £2,209,864 | £4,783,541 | — | — | £5,981,082 | £6,080,370 | |
| Profit before tax | — | £2,391,116 | £4,721,616 | £7,319,318 | £5,939,088 | £6,972,684 | £7,104,784 | |
| Net profit | — | £2,046,247 | £4,296,586 | £5,954,805 | £5,118,224 | £6,460,630 | £3,635,930 | |
| Cash | — | £18,676,984 | £21,536,314 | £33,215,876 | £38,263,572 | £30,779,579 | £31,148,152 | |
| Total assets less current liabilities | — | £6,821,403 | £12,872,043 | £18,518,201 | £21,669,299 | £27,509,533 | £36,772,791 | |
| Net assets | — | £5,721,412 | £10,017,998 | £15,972,803 | £19,324,927 | £25,385,557 | £29,021,487 | |
| Equity | £7,464,183 | £5,721,412 | £10,017,998 | £15,972,803 | £19,324,927 | £25,385,557 | £29,021,487 | |
| Average employees | — | 50 | 47 | 47 | 54 | 56 | 58 | |
| Wages | — | £3,187,334 | £2,488,190 | £3,792,848 | £4,295,795 | £4,126,315 | £4,997,059 |
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 | 2018-10-31 | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | 3.9% | 13.4% | — | — | 10.5% | 10.6% | |
| Net margin | — | 3.6% | 12.1% | — | — | 11.4% | 6.3% | |
| Return on capital employed | — | 32.4% | 37.2% | — | — | 21.7% | 16.5% | |
| Current ratio | — | — | — | — | — | 1.51x | 1.91x | |
| Interest cover | — | 1000.39x | 39.34x | — | — | 131.86x | 96.53x |
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
- Gravita Audit II Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- VICTORIA MIRO GALLERY LIMITED · parent
- Galleria Victoria Miro SRL 100%
- Victoria Miro New York LLC 100%
Significant events
- “The company continued to trade strongly in revenue streams during 2024. The performance of the company was strong, with turnover increasing significantly at £57,330,003 (2023: £56,847,500).”
- “The Company cash balances remained robust at approximately £31 million at the year end, reflecting effective cash management and providing headroom to meet working capital requirements and planned investments.”
- “During the year, the company continued to build its inventory of artworks in line with its growth strategy. Sales were generated from both newly acquired works and existing stock. The increase in the level of inventory reflects management's confidence in future demand.”
- “Despite ongoing global inflationary pressures...the Company achieved a significant increase in profit margins during the year.”
- “Management intends to expand into the Middle East market by participating in the 2026 Art Basel Art Fair in Qatar.”
- “In the previous year, the company transferred part of its business, including the online platform asset, to Vortic VR Limited in exchange for £5.7m worth of equity. This transaction, which involved the sale of an internally generated brand, is considered an exceptional item as it falls outside the company's normal course of business.”
- “During the year, the company recognised a provision of £5,592,430 in respect of dilapidations relating to its leasehold properties.”
- “During FY2023, His Majesty's Revenue & Customs (HMRC) raised an enquiry regarding the R&D claim made by the company for the financial year ending 31 October 2021 thereby creating a contingent liability for the company at the reporting date to reimburse a portion or the entirety of the balance received. On 23 May 2025, the company received a letter from HMRC which closed the enquiries into FY2021 and FY2022.”
- “There is an outstanding fixed and floating charge created in July 2013 over the assets of company, Victoria Miro Gallery Limited, in favour of the directors of the company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MIRO, Warren Peter | Secretary | 1992-09-03 | — | British |
| MIRO, Victoria Marion | Director | 1992-09-03 | Jul 1945 | British |
| MIRO, Warren Peter | Director | 1992-09-03 | Sep 1944 | British |
| WRIGHT, Glenn Scott | Director | 2007-06-01 | Nov 1961 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 1992-09-03 | 1992-09-03 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 1992-09-03 | 1992-09-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Victoria Miro Gallery Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-04-04 | Active |
| Mr Warren Peter Miro | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-10-17 | Ceased 2020-04-04 |
| Mrs Victoria Marion Miro | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-10-17 | Ceased 2018-10-17 |
Filing timeline
Last 20 of 137 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | AA | accounts | Accounts with accounts type full | |
| 2026-03-12 | CH01 | officers | Change person director company with change date | |
| 2026-03-10 | CH03 | officers | Change person secretary company with change date | |
| 2026-03-09 | CH01 | officers | Change person director company with change date | |
| 2025-10-23 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-03 | AA | accounts | Accounts with accounts type full | |
| 2025-01-23 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-10-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-25 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-04-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-02-29 | AA | accounts | Accounts with accounts type full | |
| 2023-10-19 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-10-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-02 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-02-01 | AA | accounts | Accounts with accounts type full | |
| 2023-01-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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 2024-10-31 vs 2023-10-31
-
Turnover
+0.8%
£56,847,500 £57,330,003
highest in 4 filed years
-
Cash
+1.2%
£30,779,579 £31,148,152
-
Net assets
+14.3%
£25,385,557 £29,021,487
highest in 6 filed years
-
Employees
+3.6%
56 58
highest in 6 filed years
-
Operating profit
+1.7%
£5,981,082 £6,080,370
highest in 4 filed years
-
Profit before tax
+1.9%
£6,972,684 £7,104,784
-
Wages
+21.1%
£4,126,315 £4,997,059
highest in 6 filed years
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