How much does Belgrade Insulations Limited make?

Belgrade Insulations Limited reported revenue of £72.3m and £462k profit in the year to 28 Feb 2026, according to its accounts filed at Companies House.

How many employees does Belgrade Insulations Limited have?

Belgrade Insulations Limited reported an average of 144 employees in the year to 28 Feb 2026.

Is Belgrade Insulations Limited profitable?

Yes — Belgrade Insulations Limited reported a profit of £462k in the year to 28 Feb 2026.

Company No. 01249578 · Incorporated 17 Mar 1976

Belgrade Insulations Limited

Registered name: BELGRADE INSULATIONS LIMITED

Part of Kaam Holdings Limited group

Belgrade Insulations Limited made £72.3m revenue and £462k profit in the year to 28 Feb 2026.

Belgrade Insulations Limited’s revenue fell 5% to £72.3m in the year to 28 Feb 2026, with £462k profit and 144 employees. The company is classified under “other construction installation” and is based in Leeds; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43290Other construction installation

Status: Active
Location: Leeds, Yorkshire and The Humber
Age: 50 yrs · since 1976
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: “The Company's immediate parent is Belgrade Trading Limited registered in England and Wales. The ultimate parent company is KAAM Holdings Limited, a company incorporated in England and Wales and is the”

Latest accounts · year to 28 Feb 2026

Key figures

Capital-lightBoring industry

Revenue

£72.3m

Growth ▼4.8%

Profit

£462k

Growth ▼61.5%

Profit margin

0.6%

Gross 21.7%

Employees

144

Change ▼3.4%

Profit / employee

£3.2k

Revenue/employee £502k

Profitable streak

4yrs

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	28 Feb 2023	29 Feb 2024	28 Feb 2025	28 Feb 2026
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£67.5m	£72.5m	£75.9m	£72.3m
Cost of sales	£51.1m	£55.9m	£59.3m	£56.6m
Gross profit	£16.4m	£16.6m	£16.6m	£15.7m
Operating profit	£2.9m	£2.6m	£2.3m	£1.2m
Profit before tax	£2.5m	£2m	£1.7m	£696k
Profit after tax	£2m	£1.5m	£1.2m	£462k
Profit (best available)	£2m	£1.5m	£1.2m	£462k
Staff costs	£6.3m	£6.5m	£6.8m	£7.1m
Employees (average)	146	146	149	144
Ratios
Profit margin	2.9%	2.1%	1.6%	0.6%
Gross margin	24.3%	22.9%	21.9%	21.7%
Revenue per employee	£462k	£496k	£510k	£502k
Profit per employee	£13.6k	£10.2k	£8k	£3.2k
Growth (year on year)
Revenue growth	—	▲7.4%	▲4.8%	▼4.8%
Profit growth	—	▼25.1%	▼19.5%	▼61.5%
Headcount growth	—	0%	▲2.1%	▼3.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£92.1k	£59.3k	£190k	£384k
Net assets	£6.3m	£6.9m	£5.5m	£5.6m
Fixed assets	£832k	£830k	£792k	£773k
Current assets	£25m	£26.3m	£26.6m	£25.7m
Debtors	£16.3m	£16.1m	£16.2m	£15.5m
Source	Accounts · bulk data Jul 2024	Accounts · bulk data Jul 2024	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 0.6%; Profit ÷ revenue.
Gross margin: 21.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £502k; Revenue ÷ average employees.
Profit per employee: £3.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 21.4%; 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: ▲1%; Now £5.6m
Cash at bank: ▲102%; Now £384k
Headcount: ▼3%; Now 144
Deferred income: —; Now —
Fixed assets: ▼2%; Now £773k

Corporate ownership

Group structure

Ownership chain

Kaam Holdings Limitedultimate parent75–100%
Belgrade Trading Limited75–100%
Belgrade Insulations 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 28 Feb 2026 (profit £462k), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.

Updated from Companies House on 23 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.