Management Refined Limited
Registered name: MANAGEMENT REFINED LIMITED
Management Refined Limited made £6m revenue and £2.2m profit in the year to 31 Dec 2024.
Management Refined Limited’s revenue grew 50% to £6m in the year to 31 Dec 2024, with £2.2m profit and 76 employees. The company is classified under “business and domestic software development” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 3 yrs · since 2022
- 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 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £4.7m | £4m | £6m |
| Cost of sales | £240k | £177k | £194k |
| Gross profit | £4.5m | £3.8m | £5.8m |
| Operating profit | £2m | £1.5m | £2.8m |
| Profit before tax | £2.1m | £1.5m | £2.8m |
| Profit after tax | £1.8m | £7.1m | £2.2m |
| Profit (best available) | £1.8m | £7.1m | £2.2m |
| Staff costs | £1.8m | £1.7m | £2.1m |
| Employees (average) | — | 71 | 76 |
| Ratios | |||
| Profit margin | 38.3% | 177.8% | 36.3% |
| Gross margin | 94.9% | 95.6% | 96.8% |
| Revenue per employee | — | £56.5k | £79.2k |
| Profit per employee | — | £101k | £28.7k |
| Cash conversion | −17.2% | 23.4% | 115.5% |
| Growth (year on year) | |||
| Revenue growth | — | ▼14.6% | ▲49.9% |
| Profit growth | — | ▲296.8% | ▼69.4% |
| Headcount growth | — | — | ▲7% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £155k | £554 | £4.1k |
| Net assets | £6.2m | £7.5m | £9.7m |
| Fixed assets | £19.2m | £19.3m | £21.9m |
| Current assets | £7.6m | £8.5m | £8.2m |
| Debtors | £103k | £139k | £140k |
| Cash from operations | −£348k | £360k | £3.3m |
| Source | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 36.3%
- Profit ÷ revenue.
- Gross margin
- 96.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £79.2k
- Revenue ÷ average employees.
- Profit per employee
- £28.7k
- Profit ÷ average employees.
- Cash conversion
- 115.5%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 364.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2.3%
- 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
- ▲30%
- Now £9.7m
- Cash at bank
- ▲639%
- Now £4.1k
- Headcount
- ▲7%
- Now 76
- Deferred income
- —
- Now —
- Fixed assets
- ▲14%
- Now £21.9m
Group structure
Subsidiaries (1)
- Firstaida LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £2.2m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Updated from Companies House on 15 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.