How much does Reef Global Limited make?

Reef Global Limited reported revenue of £23m and a loss of £1.8m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Reef Global Limited have?

Reef Global Limited reported an average of 234 employees in the year to 31 Dec 2023.

Is Reef Global Limited profitable?

No — Reef Global Limited reported a loss of £1.8m in the year to 31 Dec 2023.

Company No. 08573035 · Incorporated 17 Jun 2013

Reef Global Limited

Registered name: REEF GLOBAL LIMITED

Reef Global Limited made £23m revenue and a £1.8m loss in the year to 31 Dec 2023.

Reef Global Limited’s revenue was £23m in the year to 31 Dec 2023, with a loss of £1.8m and 234 employees. The company is classified under “other information service activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 63990Other information service activities n.e.c.

Status: Active
Location: London, London
Age: 13 yrs · since 2013
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

Independent

Revenue

£23m

Growth —

Profit

−£1.8m

Growth —

Profit margin

−8%

Gross 19.5%

Employees

234

Change ▼52.7%

Profit / employee

−£7.9k

Revenue/employee £98.3k

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 Dec 2021	31 Dec 2022	31 Dec 2023
Disclosure	Profit only	Profit only	Full P&L
Profit & loss
Revenue (turnover)	—	—	£23m
Cost of sales	—	—	−£18.5m
Gross profit	—	—	£4.5m
Operating profit	—	—	−£2.2m
Profit before tax	—	—	−£2.2m
Profit after tax	−£10.7m	−£35.3m	−£1.8m
Profit (best available)	−£10.7m	−£35.3m	−£1.8m
Employees (average)	136	495	234
Ratios
Profit margin	—	—	−8%
Gross margin	—	—	19.5%
Revenue per employee	—	—	£98.3k
Profit per employee	−£78.3k	−£71.3k	−£7.9k
Growth (year on year)
Headcount growth	—	▲264%	▼52.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£2m	£239k	—
Net assets	£32.1m	£84.9m	—
Fixed assets	£30m	£79.8m	—
Current assets	£2.5m	£5.7m	—
Debtors	£0	£0	—
Deferred income	£35k	£366k	—
Source	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2024	Accounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: −8%; Profit ÷ revenue.
Gross margin: 19.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £98.3k; Revenue ÷ average employees.
Profit per employee: −£7.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; 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: —; Now —
Cash at bank: —; Now —
Headcount: ▼53%; Now 234
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Subsidiaries (3)

Reef Kitchens LimitedActive - Proposal to Strike offRev. £13.5m · Profit −£16.3m
Reef London LimitedActive - Proposal to Strike offRev. £3.1m · Profit −£1.2m
RGL Sub LtdActive - Proposal to Strike offFigures not disclosed

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 accounts for the year to 31 Dec 2023 (profit −£1.8m), from the Companies House accounts bulk data published Feb 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.