How much does Mastermelt Refining Services Limited make?

Mastermelt Refining Services Limited reported revenue of £7.9m and £1.6m profit in the year to 29 Aug 2025, according to its accounts filed at Companies House.

How many employees does Mastermelt Refining Services Limited have?

Mastermelt Refining Services Limited reported an average of 42 employees in the year to 29 Aug 2025.

Is Mastermelt Refining Services Limited profitable?

Yes — Mastermelt Refining Services Limited reported a profit of £1.6m in the year to 29 Aug 2025.

Company No. 04029877 · Incorporated 10 Jul 2000

Mastermelt Refining Services Limited

Registered name: MASTERMELT REFINING SERVICES LIMITED

Part of Mastermelt Holdings Ltd group

Mastermelt Refining Services Limited made £7.9m revenue and £1.6m profit in the year to 29 Aug 2025. read from filing text

Mastermelt Refining Services Limited’s revenue grew 16% to £7.9m in the year to 29 Aug 2025, with £1.6m profit and 42 employees. The company is classified under “other business support service activities” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
Age: 26 yrs · since 2000
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. From the filing: “The ultimate parent undertaking is Mastermelt Holdings Limited,”

Latest accounts · year to 29 Aug 2025

Key figures

Operating leverage

Revenue

£7.9m

Growth ▲15.6%

Profit

£1.6m

Growth ▲18.1%

Profit margin

19.7%

Gross 62.1%

Employees

Change ▲2.4%

Profit / employee

£37.3k

Revenue/employee £189k

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	26 Aug 2022	25 Aug 2023	30 Aug 2024	29 Aug 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£27.6m	£8.5m	£6.9m	£7.9m
Cost of sales	£23m	£4.1m	£2.6m	£3m
Gross profit	£4.6m	£4.4m	£4.2m	£4.9m
Operating profit	£2.4m	£2.2m	£1.7m	£2.1m
Profit before tax	£2.4m	£2.3m	£1.8m	£2.1m
Profit after tax	£2m	£1.8m	£1.3m	£1.6m
Profit (best available)	£2m	£1.8m	£1.3m	£1.6m
Staff costs	£1.6m	£1.6m	£2m	—
Employees (average)	33	37	41	42
Ratios
Profit margin	7.1%	21%	19.3%	19.7%
Gross margin	16.5%	52%	61.6%	62.1%
Revenue per employee	£835k	£230k	£168k	£189k
Profit per employee	£59.2k	£48.3k	£32.3k	£37.3k
Cash conversion	−89.2%	−170.1%	−238.1%	—
Growth (year on year)
Revenue growth	—	▼69.1%	▼19.3%	▲15.6%
Profit growth	—	▼8.5%	▼25.9%	▲18.1%
Headcount growth	—	▲12.1%	▲10.8%	▲2.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.6m	£5.1m	£1.4m	£1.6m
Net assets	£7.1m	£7.4m	£2.1m	£2.7m
Fixed assets	£1.5m	£1.7m	£2.2m	£2.5m
Current assets	£6.8m	£7.2m	£1.8m	£2m
Debtors	£160k	£43.2k	£95.1k	£157k
Deferred income	£284k	£351k	£619k	—
Cash from operations	−£2.2m	−£3.8m	−£4.1m	—
Source	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: 19.7%; Profit ÷ revenue.
Gross margin: 62.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £189k; Revenue ÷ average employees.
Profit per employee: £37.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 32.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 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 £2.7m
Cash at bank: ▲9%; Now £1.6m
Headcount: ▲2%; Now 42
Deferred income: —; Now —
Fixed assets: ▲17%; Now £2.5m

Corporate ownership

Group structure

Ownership chain

Mastermelt Holdings Ltdultimate parent75–100%
Mastermelt Refining Services Limitedthis company

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

Sister companies (2)

Presman (Bullion) LimitedRev. £157m · Profit £1.4m
Mastermelt LimitedRev. — · Profit £4.9m

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 29 Aug 2025 (profit £1.6m), from the Companies House accounts bulk data published Mar 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.