FRB Developments Limited
Registered name: FRB DEVELOPMENTS LIMITED
FRB Developments Limited made £130m revenue and £1.7m profit in the year to 31 Dec 2025.
FRB Developments Limited’s revenue fell 25% to £130m in the year to 31 Dec 2025, with £1.7m profit and 574 employees. The company is classified under “other letting and operating of own or leased real estate” and is based in Milton Keynes; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Milton Keynes, South East
- Age
- 10 yrs · since 2016
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £175m | £174m | £130m |
| Cost of sales | −£121m | −£118m | −£84.5m |
| Gross profit | £53.9m | £56.2m | £46m |
| Operating profit | £7m | £8.8m | £2.6m |
| Profit before tax | £6.4m | £8.5m | £2.4m |
| Profit after tax | £4.3m | £6.9m | £1.7m |
| Profit (best available) | £4.3m | £6.9m | £1.7m |
| Employees (average) | 669 | 660 | 574 |
| Ratios | |||
| Profit margin | 2.4% | 4% | 1.3% |
| Gross margin | 30.9% | 32.3% | 35.3% |
| Revenue per employee | £261k | £264k | £227k |
| Profit per employee | £6.4k | £10.4k | £2.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▼0.2% | ▼25.2% |
| Profit growth | — | ▲61.2% | ▼75.7% |
| Headcount growth | — | ▼1.4% | ▼13% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 1.3%
- Profit ÷ revenue.
- Gross margin
- 35.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £227k
- Revenue ÷ average employees.
- Profit per employee
- £2.9k
- 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.
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
- ▼13%
- Now 574
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (1)
- Niftylift LimitedRev. £130m · Profit £1.8m
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £1.7m), 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.