Celtic Sheepskin & Co Ltd.
Registered name: CELTIC SHEEPSKIN & CO LTD.
Part of Refined Brands Limited groupCeltic Sheepskin & Co Ltd. made £14.1m revenue and £1.2m profit in the year to 26 Jan 2025.
Celtic Sheepskin & Co Ltd.’s revenue fell 5% to £14.1m in the year to 26 Jan 2025, with £1.2m profit and 82 employees. The company is classified under “other retail sale not in stores, stalls or markets” and is based in ST. Columb; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- ST. Columb, South West
- Age
- 12 yrs · since 2014
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 29 Jan 2023 | 28 Jan 2024 | 26 Jan 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £16.9m | £14.9m | £14.1m |
| Cost of sales | £8.8m | £8.1m | £7.5m |
| Gross profit | £8.2m | £6.8m | £6.7m |
| Operating profit | £705k | £869k | £1.3m |
| Profit before tax | £655k | £1.1m | £1.4m |
| Profit after tax | £645k | £805k | £1.2m |
| Profit (best available) | £645k | £805k | £1.2m |
| Staff costs | £2.2m | £2m | £2.2m |
| Employees (average) | 94 | 86 | 82 |
| Ratios | |||
| Profit margin | 3.8% | 5.4% | 8.3% |
| Gross margin | 48.1% | 45.5% | 47.3% |
| Revenue per employee | £180k | £173k | £172k |
| Profit per employee | £6.9k | £9.4k | £14.2k |
| Growth (year on year) | |||
| Revenue growth | — | ▼12% | ▼5.1% |
| Profit growth | — | ▲24.7% | ▲45.2% |
| Headcount growth | — | ▼8.5% | ▼4.7% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £379k | £1.5m | £474k |
| Net assets | £5.4m | £6.2m | £7.4m |
| Fixed assets | £4.9m | £4m | £5.2m |
| Current assets | £4.9m | £6m | £7.1m |
| Debtors | £2.8m | £2.1m | £2.8m |
| Deferred income | −£5.1k | −£5.1k | −£195k |
| Source | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2025 |
How the business works
- Profit margin
- 8.3%
- Profit ÷ revenue.
- Gross margin
- 47.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £172k
- Revenue ÷ average employees.
- Profit per employee
- £14.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 37%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- −1.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 19.9%
- Money owed by customers. Low = customers pay quickly.
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
- ▲19%
- Now £7.4m
- Cash at bank
- ▼68%
- Now £474k
- Headcount
- ▼5%
- Now 82
- Deferred income
- —
- Now −£195k
- Fixed assets
- ▲30%
- Now £5.2m
Group structure
Ownership chain
- Refined Brands Limitedultimate parent75–100%
- Whitworth CS Holdings Ltd75–100%
- Celtic Sheepskin & Co Ltd.this company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Frugi LimitedRev. £12m · Profit £900k
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 26 Jan 2025 (profit £1.2m), 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.