How much does G.a.h. (Refrigeration) Limited make?

G.a.h. (Refrigeration) Limited reported revenue of £39.9m and £4.2m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does G.a.h. (Refrigeration) Limited have?

G.a.h. (Refrigeration) Limited reported an average of 207 employees in the year to 31 Dec 2025.

Is G.a.h. (Refrigeration) Limited profitable?

Yes — G.a.h. (Refrigeration) Limited reported a profit of £4.2m in the year to 31 Dec 2025.

Company No. 02778816 · Incorporated 12 Jan 1993

G.a.h. (Refrigeration) Limited

Registered name: G.A.H. (REFRIGERATION) LIMITED

Part of Sdiptech Ab (Publ) group

G.a.h. (Refrigeration) Limited made £39.9m revenue and £4.2m profit in the year to 31 Dec 2025.

G.a.h. (Refrigeration) Limited’s revenue fell 2% to £39.9m in the year to 31 Dec 2025, with £4.2m profit and 207 employees. The company is classified under “repair and maintenance of other transport equipment” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 33170Repair and maintenance of other transport equipment n.e.c.

Status: Active
Location: London, London
Age: 33 yrs · since 1993
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 Dec 2025

Key figures

Capital-light

Revenue

£39.9m

Growth ▼2.5%

Profit

£4.2m

Growth ▼38.9%

Profit margin

10.5%

Gross 25.7%

Employees

207

Change ▲7.8%

Profit / employee

£20.2k

Revenue/employee £193k

Profitable streak

2yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£40.9m	£39.9m
Cost of sales	£29.3m	£29.6m
Gross profit	£11.6m	£10.2m
Operating profit	£7.6m	£4m
Profit before tax	£8.1m	£4.3m
Profit after tax	£6.9m	£4.2m
Profit (best available)	£6.9m	£4.2m
Staff costs	£10.4m	£13m
Employees (average)	192	207
Ratios
Profit margin	16.8%	10.5%
Gross margin	28.4%	25.7%
Revenue per employee	£213k	£193k
Profit per employee	£35.7k	£20.2k
Growth (year on year)
Revenue growth	—	▼2.5%
Profit growth	—	▼38.9%
Headcount growth	—	▲7.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£13m	£6.2m
Net assets	£21.6m	£15.8m
Fixed assets	£536k	£643k
Current assets	£30.4m	£20.3m
Debtors	£10.6m	£7.3m
Deferred income	£4.7m	£2m
Source	FullAccounts · bulk data Jul 2026	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 10.5%; Profit ÷ revenue.
Gross margin: 25.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £193k; Revenue ÷ average employees.
Profit per employee: £20.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 4.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.2%; 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: ▼27%; Now £15.8m
Cash at bank: ▼53%; Now £6.2m
Headcount: ▲8%; Now 207
Deferred income: ▼59%; Now £2m
Fixed assets: ▲20%; Now £643k

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

Sdiptech Ab (Publ) (registered outside the UK register)ultimate parent75–100%
Sdip Holdings UK Limited75–100%
Elasta Limited75–100%
G.a.h. (Refrigeration) Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

G.a.h. (Refrigeration Products) LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £4.2m), from the Companies House accounts bulk data published Jul 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.