How much does Redcorn Limited make?

Redcorn Limited reported revenue of £37.8m and £874k profit in the year to 31 May 2025, according to its accounts filed at Companies House.

How many employees does Redcorn Limited have?

Redcorn Limited reported an average of 151 employees in the year to 31 May 2025.

Is Redcorn Limited profitable?

Yes — Redcorn Limited reported a profit of £874k in the year to 31 May 2025.

Company No. 02768567 · Incorporated 27 Nov 1992

Redcorn Limited

Registered name: REDCORN LIMITED

Part of Redcorn Holdings Limited group

Redcorn Limited made £37.8m revenue and £874k profit in the year to 31 May 2025.

Redcorn Limited’s revenue fell 8% to £37.8m in the year to 31 May 2025, with £874k profit and 151 employees. The company is classified under “wholesale of waste and scrap” and is based in Purfleet-on-Thames; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46770Wholesale of waste and scrap

Status: Active
Location: Purfleet-on-Thames, London
Age: 33 yrs · since 1992
Type: Private Limited Company

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.

Latest accounts · year to 31 May 2025

Key figures

Revenue

£37.8m

Growth ▼8.3%

Profit

£874k

Growth ▼19.4%

Profit margin

2.3%

Gross 26.7%

Employees

151

Change ▼13.2%

Profit / employee

£5.8k

Revenue/employee £250k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 May 2022	31 May 2023	31 May 2024	31 May 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£71.1m	£65.3m	£41.2m	£37.8m
Cost of sales	£59.7m	£55.8m	£30.1m	£27.7m
Gross profit	£11.4m	£9.5m	£11.1m	£10.1m
Profit before tax	£3.3m	£2.1m	£1.8m	£1.1m
Profit after tax	£2.5m	£2.1m	£1.1m	£874k
Profit (best available)	£2.5m	£2.1m	£1.1m	£874k
Staff costs	£8.5m	£6.4m	£4.8m	£4.5m
Employees (average)	269	235	174	151
Ratios
Profit margin	3.5%	3.2%	2.6%	2.3%
Gross margin	16.1%	14.6%	27%	26.7%
Revenue per employee	£264k	£278k	£237k	£250k
Profit per employee	£9.1k	£8.8k	£6.2k	£5.8k
Growth (year on year)
Revenue growth	—	▼8.1%	▼36.9%	▼8.3%
Profit growth	—	▼15.5%	▼47.7%	▼19.4%
Headcount growth	—	▼12.6%	▼26%	▼13.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£5m	£1.1m	£1.2m	£1.9m
Net assets	£9.3m	£10.1m	£10.7m	£11.2m
Fixed assets	£8.9m	£8.9m	£8.7m	£8.1m
Current assets	£9.1m	£7.5m	£7m	£7.5m
Debtors	£521k	£82.3k	£1.1m	£289k
Deferred income	£153k	£234k	£38.4k	£37.9k
Source	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data May 2025	FullAccounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: 2.3%; Profit ÷ revenue.
Gross margin: 26.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £250k; Revenue ÷ average employees.
Profit per employee: £5.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 21.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▲4%; Now £11.2m
Cash at bank: ▲62%; Now £1.9m
Headcount: ▼13%; Now 151
Deferred income: ▼1%; Now £37.9k
Fixed assets: ▼7%; Now £8.1m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Redcorn Holdings Limitedultimate parent75–100%
Redcorn 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).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 May 2025 (profit £874k), from the Companies House accounts bulk data published Jun 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.