DSF Refractories & Minerals Limited
Registered name: DSF REFRACTORIES & MINERALS LIMITED
Part of DSF High Performance Materials Limited groupDSF Refractories & Minerals Limited made £26.8m revenue and £1.7m profit in the year to 31 May 2025. read from filing text
DSF Refractories & Minerals Limited’s revenue fell 3% to £26.8m in the year to 31 May 2025, with £1.7m profit and 137 employees. The company is classified under “manufacture of refractory products” and is based in Midlothian; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Midlothian, Scotland
- Age
- 33 yrs · since 1993
- 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: “DSF Refractories & Minerals Limited is a wholly owned subsidiary of DSF (2003) Limited, which is its immediate parent undertaking. The registered office of DSF (2003) Limited is 50 Lothian Road, Edinb”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2024 | 31 May 2025 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £27.5m | £26.8m |
| Cost of sales | £20m | £20.7m |
| Gross profit | £7.5m | £6.2m |
| Operating profit | £3.4m | £2.2m |
| Profit before tax | £3.2m | £2.3m |
| Profit after tax | £2.4m | £1.7m |
| Profit (best available) | £2.4m | £1.7m |
| Staff costs | £7.2m | £7.2m |
| Employees (average) | 136 | 137 |
| Ratios | ||
| Profit margin | 8.9% | 6.3% |
| Gross margin | 27.2% | 23.1% |
| Revenue per employee | £202k | £196k |
| Profit per employee | £18k | £12.4k |
| Growth (year on year) | ||
| Revenue growth | — | ▼2.5% |
| Profit growth | — | ▼30.6% |
| Headcount growth | — | ▲0.7% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £2.1m | £3m |
| Net assets | £10.1m | £10.8m |
| Fixed assets | £2.7m | £2.4m |
| Current assets | £17.1m | £17.6m |
| Debtors | £3m | £2.8m |
| Deferred income | £73.7k | £44.3k |
| Source | FullAccounts · bulk data Nov 2025 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 6.3%
- Profit ÷ revenue.
- Gross margin
- 23.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £196k
- Revenue ÷ average employees.
- Profit per employee
- £12.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 8.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 10.6%
- 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
- ▲7%
- Now £10.8m
- Cash at bank
- ▲46%
- Now £3m
- Headcount
- ▲1%
- Now 137
- Deferred income
- ▼40%
- Now £44.3k
- Fixed assets
- ▼13%
- Now £2.4m
Group structure
Ownership chain
- DSF High Performance Materials Limitedultimate parent75–100%
- DSF Holdings Limited75–100%
- DSF (2003) Limited75–100%
- DSF Refractories & Minerals 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).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 May 2025 (profit £1.7m), from the Companies House accounts bulk data published Nov 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.