How much does Precision Refrigeration Limited make?

Precision Refrigeration Limited reported revenue of £10.5m and £1.4m profit in the year to 31 Jan 2026, according to its accounts filed at Companies House.

How many employees does Precision Refrigeration Limited have?

Precision Refrigeration Limited reported an average of 61 employees in the year to 31 Jan 2026.

Is Precision Refrigeration Limited profitable?

Yes — Precision Refrigeration Limited reported a profit of £1.4m in the year to 31 Jan 2026.

Company No. 04069159 · Incorporated 11 Sep 2000

Precision Refrigeration Limited

Registered name: PRECISION REFRIGERATION LIMITED

Precision Refrigeration Limited made £10.5m revenue and £1.4m profit in the year to 31 Jan 2026.

Precision Refrigeration Limited’s revenue grew 10% to £10.5m in the year to 31 Jan 2026, with £1.4m profit and 61 employees. The company is classified under “manufacture of non-domestic cooling and ventilation equipment” and is based in Thetford; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 28250Manufacture of non-domestic cooling and ventilation equipment

Status: Active
Location: Thetford, East of England
Age: 26 yrs · since 2000
Type: Private Limited Company

Latest accounts · year to 31 Jan 2026

Key figures

IndependentCash flow filed

Revenue

£10.5m

Growth ▲9.7%

Profit

£1.4m

Growth ▼33.4%

Profit margin

13.2%

Gross 38.6%

Employees

Change ▲13%

Profit / employee

£22.8k

Revenue/employee £172k

Profitable streak

3yrs

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 Jan 2023	31 Jan 2024	31 Jan 2025	31 Jan 2026
Disclosure	No P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£9.5m	£9.6m	£10.5m
Cost of sales	—	£5.7m	£5.6m	£6.5m
Gross profit	—	£3.7m	£3.9m	£4.1m
Operating profit	—	—	£1.7m	£1.5m
Profit before tax	—	£1.9m	£2.6m	£1.8m
Profit after tax	—	£1.6m	£2.1m	£1.4m
Profit (best available)	—	£1.6m	£2.1m	£1.4m
Staff costs	—	£957k	£1m	£1.3m
Employees (average)	49	59	54	61
Ratios
Profit margin	—	17.3%	21.8%	13.2%
Gross margin	—	39.5%	41.2%	38.6%
Revenue per employee	—	£161k	£177k	£172k
Profit per employee	—	£27.8k	£38.7k	£22.8k
Cash conversion	—	—	117.2%	78.3%
Growth (year on year)
Revenue growth	—	—	▲1%	▲9.7%
Profit growth	—	—	▲27.4%	▼33.4%
Headcount growth	—	▲20.4%	▼8.5%	▲13%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.3m	£3.2m	£5.4m	£2.1m
Net assets	£4.8m	£6.3m	£7.8m	£9m
Fixed assets	£1.4m	£1.2m	£1.1m	£4.5m
Current assets	£5.6m	£7.3m	£9.3m	£6m
Debtors	£1.4m	£1.2m	£1m	£1m
Cash from operations	—	£839k	£2m	£1.1m
Source	FilletedAccounts · bulk data Sep 2024	FilletedAccounts · bulk data Sep 2024	FullAccounts · bulk data Oct 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 13.2%; Profit ÷ revenue.
Gross margin: 38.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £172k; Revenue ÷ average employees.
Profit per employee: £22.8k; Profit ÷ average employees.
Cash conversion: 78.3%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 43.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10%; 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: ▲15%; Now £9m
Cash at bank: ▼61%; Now £2.1m
Headcount: ▲13%; Now 61
Deferred income: —; Now —
Fixed assets: ▲322%; Now £4.5m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2026 (profit £1.4m), from the Companies House accounts bulk data published Sep 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.