How much does Refinement Ltd make?

Refinement Ltd reported revenue of £84.7k and £30k profit in the year to 28 Feb 2025, according to its accounts filed at Companies House.

How many employees does Refinement Ltd have?

Refinement Ltd reported an average of 8 employees in the year to 28 Feb 2025.

Is Refinement Ltd profitable?

Yes — Refinement Ltd reported a profit of £30k in the year to 28 Feb 2025.

Company No. 13886546 · Incorporated 1 Feb 2022

Refinement Ltd

Registered name: REFINEMENT LTD

Refinement Ltd made £84.7k revenue and £30k profit in the year to 28 Feb 2025.

Refinement Ltd’s revenue grew 99% to £84.7k in the year to 28 Feb 2025, with £30k profit and 8 employees. The company is classified under “event catering activities” and is based in Sheffield; we hold 3 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 56210Event catering activities

Status: Active
Location: Sheffield, Yorkshire and The Humber
Age: 4 yrs · since 2022
Type: Private Limited Company

Latest accounts · year to 28 Feb 2025

Key figures

IndependentSmall teamCapital-lightYoung and profitable

Revenue

£84.7k

Growth ▲98.5%

Profit

£30k

Growth —

Profit margin

35.4%

Gross 43.8%

Employees

Change ▲700%

Profit / employee

£3.8k

Revenue/employee £10.6k

Profitable streak

1yr

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	28 Feb 2023	28 Feb 2024	28 Feb 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£34.6k	£42.7k	£84.7k
Cost of sales	£42.1k	£46.8k	£47.6k
Gross profit	−£7.5k	−£4.1k	£37.1k
Operating profit	−£7.5k	−£4.1k	£37.1k
Profit before tax	−£7.5k	−£4.1k	£37.1k
Profit after tax	−£7.5k	−£4.1k	£30k
Profit (best available)	−£7.5k	−£4.1k	£30k
Employees (average)	1	1	8
Ratios
Profit margin	−21.6%	−9.7%	35.4%
Gross margin	−21.6%	−9.7%	43.8%
Revenue per employee	£34.6k	£42.7k	£10.6k
Profit per employee	−£7.5k	−£4.1k	£3.8k
Growth (year on year)
Revenue growth	—	▲23.2%	▲98.5%
Headcount growth	—	0%	▲700%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.4k	£2.4k	£4k
Net assets	−£7.5k	−£4.1k	£30k
Fixed assets	—	£0	£7k
Current assets	£2.4k	£3.4k	£23k
Debtors	—	—	£5k
Source	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Jan 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 35.4%; Profit ÷ revenue.
Gross margin: 43.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £10.6k; Revenue ÷ average employees.
Profit per employee: £3.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 8.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 5.9%; 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 £30k
Cash at bank: ▲67%; Now £4k
Headcount: ▲700%; Now 8
Deferred income: —; Now —
Fixed assets: —; Now £7k

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 28 Feb 2025 (profit £30k), from the Companies House accounts bulk data published Dec 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.