DSF (2003) Limited
Registered name: DSF (2003) LIMITED
Part of DSF High Performance Materials Limited groupDSF (2003) Limited made £0 revenue and £988k profit in the year to 31 May 2025. read from filing text
DSF (2003) Limited’s revenue was £0 in the year to 31 May 2025, with £989k profit and 7 employees. The company is classified under “activities of head offices” and is based in Midlothian; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Midlothian, Scotland
- Age
- 33 yrs · since 1993
- 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: “DSF (2003) Limited is a wholly owned subsidiary of DSF Holdings Limited, a company registered in Scotland.”
Key figures
Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2023 | 31 May 2024 | 31 May 2025 |
|---|---|---|---|
| Disclosure | Profit only | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | — | £0 | £0 |
| Profit before tax | £0 | £920k | £989k |
| Profit after tax | £0 | £920k | £989k |
| Profit (best available) | £0 | £920k | £989k |
| Employees (average) | 8 | 7 | 7 |
| Ratios | |||
| Profit margin | — | — | — |
| Revenue per employee | — | £0 | £0 |
| Profit per employee | £0 | £131k | £141k |
| Growth (year on year) | |||
| Profit growth | — | — | ▲7.4% |
| Headcount growth | — | ▼12.5% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | £1.3m | £1.3m | £1.3m |
| Debtors | £28.3k | £28.3k | £28.3k |
| Source | FullAccounts · bulk data Feb 2025 | FullAccounts · bulk data Feb 2025 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £0
- Revenue ÷ average employees.
- Profit per employee
- £141k
- 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
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- 0%
- Now £1.3m
- Cash at bank
- —
- Now —
- Headcount
- 0%
- Now 7
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- DSF High Performance Materials Limitedultimate parent75–100%
- DSF Holdings Limited75–100%
- DSF (2003) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- DSF Refractories & Minerals LimitedRev. £26.8m · Profit £1.7m
Sister companies (1)
- DSF Trustees LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 May 2025 (profit £989k), 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.