How much does Mref V Open Storage Solutions One Limited make?

Mref V Open Storage Solutions One Limited reported revenue of £44k and a loss of £3.4m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Mref V Open Storage Solutions One Limited have?

Mref V Open Storage Solutions One Limited reported an average of 0 employees in the year to 31 Dec 2024.

Is Mref V Open Storage Solutions One Limited profitable?

No — Mref V Open Storage Solutions One Limited reported a loss of £3.4m in the year to 31 Dec 2024.

Company No. 14077328 · Incorporated 29 Apr 2022

Mref V Open Storage Solutions One Limited

Registered name: MREF V OPEN STORAGE SOLUTIONS ONE LIMITED

Part of Stessa Trading Limited group

Mref V Open Storage Solutions One Limited made £44k revenue and a £3.4m loss in the year to 31 Dec 2024.

Mref V Open Storage Solutions One Limited’s revenue fell 30% to £44k in the year to 31 Dec 2024, with a loss of £3.4m and 0 employees. The company is classified under “buying and selling of own real estate” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68100Buying and selling of own real estate

Status: Active
Location: London, London
Age: 4 yrs · since 2022
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. From the filing: “MREF V Open Storage Solutions Holdings Limited”

Latest accounts · year to 31 Dec 2024

Key figures

Small team

Revenue

£44k

Growth ▼30.2%

Profit

−£3.4m

Growth ▼728.3%

Profit margin

−7711%

Gross 4.5%

Employees

Change —

Profit / employee

—

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 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£0	£63k	£44k
Cost of sales	£0	£83k	£42k
Gross profit	£0	−£20k	£2k
Operating profit	−£299k	£553k	−£3.4m
Profit before tax	−£299k	£620k	−£3.5m
Profit after tax	−£299k	£540k	−£3.4m
Profit (best available)	−£299k	£540k	−£3.4m
Employees (average)	0	0	0
Ratios
Profit margin	—	857.1%	−7711%
Gross margin	—	−31.8%	4.5%
Growth (year on year)
Revenue growth	—	—	▼30.2%
Profit growth	—	—	▼728.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£476k	£1.5m	£863k
Net assets	−£299k	£241k	−£3.2m
Current assets	£505k	£1.8m	£954k
Debtors	£29k	£0	£10k
Deferred income	£9k	£181k	£36k
Source	Accounts · bulk data Dec 2024	Accounts · bulk data Dec 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −7711%; Profit ÷ revenue.
Gross margin: 4.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; 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: 81.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 22.7%; 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: ▼1408%; Now −£3.2m
Cash at bank: ▼43%; Now £863k
Headcount: —; Now 0
Deferred income: ▼80%; Now £36k
Fixed assets: —; Now —

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

Stessa Trading Limitedultimate parent75–100%
Stessa Holdings Limited75–100%
Stessa Limited75–100%
Moorfield Group Limited75–100%
Mref V GP Limited75–100%
Mref V Open Storage Solutions Holdings Limited75–100%
Mref V Open Storage Solutions One Limitedthis company

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

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£3.4m), from the Companies House accounts bulk data published Sep 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.