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

Mref V Open Storage Solutions Two Limited reported revenue of £3.9m and £1.3m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

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

Mref V Open Storage Solutions Two Limited reported an average of 0 employees in the year to 31 Dec 2025.

Is Mref V Open Storage Solutions Two Limited profitable?

Yes — Mref V Open Storage Solutions Two Limited reported a profit of £1.3m in the year to 31 Dec 2025.

Company No. 14780428 · Incorporated 4 Apr 2023

Mref V Open Storage Solutions Two Limited

Registered name: MREF V OPEN STORAGE SOLUTIONS TWO LIMITED

Part of Stessa Trading Limited group

Mref V Open Storage Solutions Two Limited made £3.9m revenue and £1.3m profit in the year to 31 Dec 2025.

Mref V Open Storage Solutions Two Limited’s revenue grew 3% to £3.9m in the year to 31 Dec 2025, with £1.3m 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 2023
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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 Two Limited”

Latest accounts · year to 31 Dec 2025

Key figures

Small teamYoung and profitable

Revenue

£3.9m

Growth ▲3%

Profit

£1.3m

Growth ▼87.1%

Profit margin

34.6%

Gross 94.6%

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	3 Apr 2023	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)	—	£2.5m	£3.8m	£3.9m
Cost of sales	—	£91k	£177k	£210k
Gross profit	—	£2.4m	£3.6m	£3.7m
Operating profit	—	£1.9m	£13.8m	£3.4m
Profit before tax	—	£1.9m	£13.7m	£1.8m
Profit after tax	—	£1.4m	£10.4m	£1.3m
Profit (best available)	—	£1.4m	£10.4m	£1.3m
Employees (average)	0	0	0	0
Ratios
Profit margin	—	55%	275.6%	34.6%
Gross margin	—	96.3%	95.3%	94.6%
Growth (year on year)
Revenue growth	—	—	▲52.2%	▲3%
Profit growth	—	—	▲662.5%	▼87.1%
Balance sheet — indirect signals, not revenue
Cash at bank	—	£2.9m	£4.1m	£4.1m
Net assets	£0	£1.4m	£11.8m	£13.1m
Current assets	—	£2.9m	£4.1m	£4.1m
Debtors	—	£10k	£43k	£10k
Deferred income	—	£154k	£368k	£355k
Source	Accounts · bulk data Jan 2025	Accounts · bulk data Jan 2025	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 34.6%; Profit ÷ revenue.
Gross margin: 94.6%; 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: 9.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.3%; 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: ▲11%; Now £13.1m
Cash at bank: ▲1%; Now £4.1m
Headcount: —; Now 0
Deferred income: ▼4%; Now £355k
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 Two Limited75–100%
Mref V Open Storage Solutions Two 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 £1.3m), 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.