How much does Turtle Doves ( Not Just Gloves ) Limited make?

Turtle Doves ( Not Just Gloves ) Limited reported revenue of £2.9m and a loss of £394k in the year to 26 Jan 2025, according to its accounts filed at Companies House.

How many employees does Turtle Doves ( Not Just Gloves ) Limited have?

Turtle Doves ( Not Just Gloves ) Limited reported an average of 22 employees in the year to 26 Jan 2025.

Is Turtle Doves ( Not Just Gloves ) Limited profitable?

No — Turtle Doves ( Not Just Gloves ) Limited reported a loss of £394k in the year to 26 Jan 2025.

Company No. 07101023 · Incorporated 10 Dec 2009

Turtle Doves ( Not Just Gloves ) Limited

Registered name: TURTLE DOVES ( NOT JUST GLOVES ) LIMITED

Part of Refined Brands Limited group

Turtle Doves ( Not Just Gloves ) Limited made £2.9m revenue and a £394k loss in the year to 26 Jan 2025.

Turtle Doves ( Not Just Gloves ) Limited’s revenue fell 31% to £2.9m in the year to 26 Jan 2025, with a loss of £394k and 22 employees. The company is classified under “retail sale via mail order houses or via internet” and is based in ST. Columb; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47910Retail sale via mail order houses or via Internet

Status: Active
Location: ST. Columb, South West
Age: 16 yrs · since 2009
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 26 Jan 2025

Key figures

Capital-light

Revenue

£2.9m

Growth ▼31.1%

Profit

−£394k

Growth —

Profit margin

−13.8%

Gross 34.7%

Employees

Change ▼55.1%

Profit / employee

−£17.9k

Revenue/employee £130k

Profitable streak

0yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jan 2023	28 Jan 2024	26 Jan 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3.9m	£4.2m	£2.9m
Cost of sales	£3.1m	£3m	£1.9m
Gross profit	£783k	£1.2m	£993k
Operating profit	£38.8k	−£54k	−£488k
Profit before tax	−£60.8k	−£101k	−£525k
Profit after tax	−£55.4k	−£79.7k	−£394k
Profit (best available)	−£55.4k	−£79.7k	−£394k
Staff costs	£1.1m	£1.3m	£933k
Employees (average)	62	49	22
Ratios
Profit margin	−1.4%	−1.9%	−13.8%
Gross margin	20.2%	28.2%	34.7%
Revenue per employee	£62.5k	£84.8k	£130k
Profit per employee	−£894	−£1.6k	−£17.9k
Growth (year on year)
Revenue growth	—	—	▼31.1%
Headcount growth	—	—	▼55.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£678k	£884k	£136k
Net assets	£447k	£368k	−£26k
Fixed assets	£251k	£242k	£108k
Current assets	£1.6m	£1.8m	£2m
Debtors	£127k	£279k	£48k
Deferred income	£42.1k	£98.4k	£232k
Source	Accounts · bulk data Oct 2024	Accounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: −13.8%; Profit ÷ revenue.
Gross margin: 34.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £130k; Revenue ÷ average employees.
Profit per employee: −£17.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.7%; 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: ▼107%; Now −£26k
Cash at bank: ▼85%; Now £136k
Headcount: ▼55%; Now 22
Deferred income: ▲136%; Now £232k
Fixed assets: ▼55%; Now £108k

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

Refined Brands Limitedultimate parent75–100%
Turtle Doves Holdings Limited75–100%
Turtle Doves ( Not Just Gloves ) 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

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 26 Jan 2025 (profit −£394k), from the Companies House accounts bulk data published Oct 2025. 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.