Micim Ltd

Principal activity and business review The group's principal activity during the year continued to be the provision of project management and construction delivery services. Turnover increased by 53.8 per cent, compared to the prior year, to £23,735,762 (2024 - £15,437,504). The gross profit margin increased from a gross loss in 2024 to 22.4 per cent in the current year, with a gross profit of £5,332,670 (2024 - £1,657,546 - loss). After accounting for administrative expenses and financial costs, the group has recorded a profit before tax for the year of £1,255,123 (2024 - £6,251,448 loss). A taxation charge of £338,537 arises on the results for the year (2024 - £1,452,355 credit), and therefore the profit after taxation for the year amounted to £911,413 (2024 - £4,799,093 - loss). Dividends of £198,000 were declared and paid during the year (2024 - £216,854). The directors are delighted to report a bounce back for the business and a return to profitability in 2025, with 2026 on track for the highest turnover in the company's 10-year history. Now established with four entities, our team is well placed to service clients across Europe and expects to maintain strong growth in the coming years, delivering successful projects for new and existing clients as the AI boom continues. Principal risks and uncertainties The board of directors regularly monitors the group's business strategies, interim financial reporting, and changing market conditions to ensure that principal risks and uncertainties are identified and kept under control. Any corrective actions are made as soon as they are deemed necessary. Key performance indicators The group's key financial indicators during the year continued to be changes, compared with last year, in turnover, gross profit, operating profit and profit before taxation. Details are shown in the business review above.