How much does Reef London Limited make?

Reef London Limited reported revenue of £1.7m and a loss of £234k in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Reef London Limited have?

Reef London Limited reported an average of 17 employees in the year to 31 Dec 2023.

Is Reef London Limited profitable?

No — Reef London Limited reported a loss of £234k in the year to 31 Dec 2023.

Company No. 08701979 · Incorporated 23 Sep 2013

Reef London Limited

Registered name: REEF LONDON LIMITED

Part of Reef Global Limited group

Reef London Limited made £1.7m revenue and a £234k loss in the year to 31 Dec 2023.

Reef London Limited’s revenue fell 47% to £1.7m in the year to 31 Dec 2023, with a loss of £234k and 17 employees. The company is classified under “other retail sale in non-specialised stores” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47190Other retail sale in non-specialised stores

Status: Active
Location: London, London
Age: 13 yrs · since 2013
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 2023

Key figures

Capital-lightDoing more with less

Revenue

£1.7m

Growth ▼46.9%

Profit

−£234k

Growth —

Profit margin

−14%

Gross 43.8%

Employees

Change ▼32%

Profit / employee

−£13.8k

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	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£2.9m	£3.1m	£1.7m
Cost of sales	£2.7m	£2.7m	−£939k
Gross profit	£172k	£473k	£732k
Operating profit	−£1.9m	−£1.2m	−£234k
Profit before tax	−£1.9m	−£1.2m	−£234k
Profit after tax	−£1.9m	−£1.2m	−£234k
Profit (best available)	−£1.9m	−£1.2m	−£234k
Employees (average)	28	25	17
Ratios
Profit margin	−67.5%	−39.1%	−14%
Gross margin	6%	15%	43.8%
Revenue per employee	£103k	£126k	£98.3k
Profit per employee	−£69.3k	−£49.2k	−£13.8k
Growth (year on year)
Revenue growth	—	▲9.3%	▼46.9%
Headcount growth	—	▼10.7%	▼32%
Balance sheet — indirect signals, not revenue
Cash at bank	£866k	£315k	—
Net assets	£1.6m	£1.7m	—
Fixed assets	£238k	£233k	—
Current assets	£3.7m	£3.8m	—
Debtors	£148k	£209k	—
Deferred income	£1.1m	£152k	—
Source	Accounts · bulk data Feb 2024	Accounts · bulk data Feb 2024	Accounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: −14%; Profit ÷ revenue.
Gross margin: 43.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £98.3k; Revenue ÷ average employees.
Profit per employee: −£13.8k; 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: ▼32%; Now 17
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Reef Global Limitedultimate parent75–100%
Reef London Limitedthis company

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

Sister companies (2)

Reef Kitchens LimitedActive - Proposal to Strike offRev. £13.5m · Profit −£16.3m
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 −£234k), from the Companies House accounts bulk data published Feb 2026. Spotted an error? Request a correction.

Updated from Companies House on 18 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.