How much does Frugi Limited make?

Frugi Limited reported revenue of £12m and £900k profit in the year to 26 Jan 2025, according to its accounts filed at Companies House.

How many employees does Frugi Limited have?

Frugi Limited reported an average of 79 employees in the year to 26 Jan 2025.

Is Frugi Limited profitable?

Yes — Frugi Limited reported a profit of £900k in the year to 26 Jan 2025.

Company No. 11953610 · Incorporated 18 Apr 2019

Frugi Limited

Registered name: FRUGI LIMITED

Part of Refined Brands Limited group

Frugi Limited made £12m revenue and £900k profit in the year to 26 Jan 2025.

Frugi Limited’s revenue grew 27% to £12m in the year to 26 Jan 2025, with £900k profit and 79 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.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47990Other retail sale not in stores, stalls or markets

Status: Active
Location: ST. Columb, South West
Age: 7 yrs · since 2019
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

£12m

Growth ▲27.4%

Profit

£900k

Growth ▼8.7%

Profit margin

7.5%

Gross 48.2%

Employees

Change ▲11.3%

Profit / employee

£11.4k

Revenue/employee £152k

Profitable streak

2yrs

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	29 Jan 2023	28 Jan 2024	26 Jan 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£1.2m	£9.4m	£12m
Cost of sales	£707k	£4m	£6.2m
Gross profit	£451k	£5.4m	£5.8m
Operating profit	−£410k	£1.4m	£1.3m
Profit before tax	−£410k	£1.3m	£1.2m
Profit after tax	−£421k	£986k	£900k
Profit (best available)	−£421k	£986k	£900k
Staff costs	£572k	£2.2m	£2.2m
Employees (average)	16	71	79
Ratios
Profit margin	−36.4%	10.5%	7.5%
Gross margin	38.9%	57.8%	48.2%
Revenue per employee	£72.3k	£132k	£152k
Profit per employee	−£26.3k	£13.9k	£11.4k
Growth (year on year)
Revenue growth	—	▲712.4%	▲27.4%
Profit growth	—	—	▼8.7%
Headcount growth	—	▲343.8%	▲11.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£824k	£1.2m	£205k
Net assets	−£432k	£554k	£1.5m
Fixed assets	£316k	£292k	£407k
Current assets	£3m	£4.7m	£6.8m
Debtors	£99.1k	£319k	£535k
Deferred income	£47.4k	£143k	£314k
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: 7.5%; Profit ÷ revenue.
Gross margin: 48.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £152k; Revenue ÷ average employees.
Profit per employee: £11.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 4.5%; 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: ▲163%; Now £1.5m
Cash at bank: ▼83%; Now £205k
Headcount: ▲11%; Now 79
Deferred income: ▲120%; Now £314k
Fixed assets: ▲39%; Now £407k

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%
Whitworth CS Holdings Ltd75–100%
Frugi Limitedthis company

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

Sister companies (1)

Celtic Sheepskin & Co Ltd.Rev. £14.1m · Profit £1.2m

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 26 Jan 2025 (profit £900k), 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.