How much does Mref V MLP Limited make?

Mref V MLP Limited reported revenue of £1.8m and £1.8m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Mref V MLP Limited have?

Mref V MLP Limited reported an average of 0 employees in the year to 31 Dec 2025.

Is Mref V MLP Limited profitable?

Yes — Mref V MLP Limited reported a profit of £1.8m in the year to 31 Dec 2025.

Company No. 14510103 · Incorporated 28 Nov 2022

Mref V MLP Limited

Registered name: MREF V MLP LIMITED

Part of Stessa Trading Limited group

Mref V MLP Limited made £1.8m revenue and £1.8m profit in the year to 31 Dec 2025.

Mref V MLP Limited’s revenue grew 8% to £1.8m in the year to 31 Dec 2025, with £1.8m profit and 0 employees. The company is classified under “buying and selling of own real estate” and is based in London; we hold 4 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: 3 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 MLP Holdings Limited”

Latest accounts · year to 31 Dec 2025

Key figures

Small teamYoung and profitable

Revenue

£1.8m

Growth ▲8.2%

Profit

£1.8m

Growth ▼14%

Profit margin

99.2%

Gross 98.6%

Employees

Change —

Profit / employee

—

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	27 Nov 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	No P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£877k	£1.7m	£1.8m
Cost of sales	—	£17k	£21k	£26k
Gross profit	—	£860k	£1.6m	£1.8m
Operating profit	—	£258k	£3.4m	£3m
Profit before tax	—	£262k	£2.6m	£2.2m
Profit after tax	—	£78k	£2.1m	£1.8m
Profit (best available)	—	£78k	£2.1m	£1.8m
Employees (average)	0	0	0	0
Ratios
Profit margin	—	8.9%	124.8%	99.2%
Gross margin	—	98.1%	98.7%	98.6%
Growth (year on year)
Revenue growth	—	—	▲90%	▲8.2%
Profit growth	—	—	▲2565%	▼14%
Balance sheet — indirect signals, not revenue
Cash at bank	—	£996k	£1.3m	£799k
Net assets	£0	£78k	£2.2m	£3.9m
Current assets	—	£1.2m	£1.4m	£1.1m
Debtors	—	£166k	£92k	£81k
Deferred income	—	£356k	£653k	£517k
Source	Accounts · bulk data Dec 2024	Accounts · bulk data Dec 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 99.2%; Profit ÷ revenue.
Gross margin: 98.6%; 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: 28.7%; 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: ▲83%; Now £3.9m
Cash at bank: ▼37%; Now £799k
Headcount: —; Now 0
Deferred income: ▼21%; Now £517k
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 MLP Holdings Limited75–100%
Mref V MLP 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 2025 (profit £1.8m), 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.