Capital Refractories Limited
Registered name: CAPITAL REFRACTORIES LIMITED
Part of Capital Refractories Holdings Limited groupCapital Refractories Limited made £12.4m revenue and £24.4m profit in the year to 30 Nov 2025. read from filing text
Capital Refractories Limited’s revenue fell 20% to £12.4m in the year to 30 Nov 2025, with £24.4m profit and 58 employees. The company is classified under “other manufacturing” and is based in Derbyshire; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Derbyshire, Yorkshire and The Humber
- Age
- 53 yrs · since 1973
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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.
Key figures
Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Nov 2022 | 30 Nov 2023 | 30 Nov 2024 | 30 Nov 2025 |
|---|---|---|---|---|
| Disclosure | Profit only | Profit only | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £15.6m | £12.4m |
| Cost of sales | — | £30.7m | £28.7m | £9.1m |
| Gross profit | — | — | £4.5m | £3.3m |
| Operating profit | — | — | £595k | −£500k |
| Profit before tax | — | — | £2.8m | £24.3m |
| Profit after tax | £1.9m | £1.8m | £2.7m | £24.4m |
| Profit (best available) | £1.9m | £1.8m | £2.7m | £24.4m |
| Staff costs | £3.2m | £3.5m | £3.2m | £3.3m |
| Employees (average) | 62 | 60 | 60 | 58 |
| Ratios | ||||
| Profit margin | — | — | 17% | 196.2% |
| Gross margin | — | — | 28.6% | 26.8% |
| Revenue per employee | — | — | £260k | £214k |
| Profit per employee | £30.4k | £29.7k | £44.3k | £420k |
| Cash conversion | — | — | −691.1% | — |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▼20.5% |
| Profit growth | — | ▼5.6% | ▲49.3% | ▲816.7% |
| Headcount growth | — | ▼3.2% | 0% | ▼3.3% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.1m | £2.3m | £2.4m | £19.5m |
| Net assets | £8.7m | £9.3m | £11.1m | £9.7m |
| Fixed assets | £2.3m | £2.2m | £2.3m | £4.7m |
| Current assets | £9m | £9m | £10.9m | £26.5m |
| Debtors | £3.9m | £3.3m | £3.9m | £2.7m |
| Deferred income | £551k | £485k | £487k | £369k |
| Cash from operations | — | −£7.4m | −£4.1m | — |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 196.2%
- Profit ÷ revenue.
- Gross margin
- 26.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £214k
- Revenue ÷ average employees.
- Profit per employee
- £420k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 38%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 22.1%
- 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
- ▼13%
- Now £9.7m
- Cash at bank
- ▲702%
- Now £19.5m
- Headcount
- ▼3%
- Now 58
- Deferred income
- ▼24%
- Now £369k
- Fixed assets
- ▲104%
- Now £4.7m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Capital Refractories Holdings Limitedultimate parent75–100%
- Capital Refractories Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Nov 2025 (profit £24.4m), from the Companies House accounts bulk data published Aug 2026. 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.