How much does LTS Refurbishment Limited make?

LTS Refurbishment Limited reported revenue of £80.7m and £655k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does LTS Refurbishment Limited have?

LTS Refurbishment Limited reported an average of 81 employees in the year to 31 Dec 2025.

Is LTS Refurbishment Limited profitable?

Yes — LTS Refurbishment Limited reported a profit of £655k in the year to 31 Dec 2025.

Company No. 03301464 · Incorporated 13 Jan 1997

LTS Refurbishment Limited

Registered name: LTS REFURBISHMENT LIMITED

LTS Refurbishment Limited made £80.7m revenue and £655k profit in the year to 31 Dec 2025.

LTS Refurbishment Limited’s revenue grew 114% to £80.7m in the year to 31 Dec 2025, with £655k profit and 81 employees. The company is classified under “other building completion and finishing” and is based in Hexham; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43390Other building completion and finishing

Status: Active
Location: Hexham, North East
Age: 29 yrs · since 1997
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentCapital-lightOperating leverageDoing more with lessCash flow filed

Revenue

£80.7m

Growth ▲114.4%

Profit

£655k

Growth ▲319.1%

Profit margin

0.8%

Gross 6.2%

Employees

Change ▼4.7%

Profit / employee

£8.1k

Revenue/employee £996k

Profitable streak

2yrs

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	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£41.8m	£50m	£37.6m	£80.7m
Cost of sales	£39.9m	£47m	£34.4m	£75.7m
Gross profit	£1.9m	£3m	£3.2m	£5m
Operating profit	£279k	−£2m	£287k	£1m
Profit before tax	£274k	−£2m	£284k	£1m
Profit after tax	£222k	−£2.1m	£156k	£655k
Profit (best available)	£222k	−£2.1m	£156k	£655k
Staff costs	£4.4m	£5.7m	£5.8m	£5.7m
Employees (average)	54	86	85	81
Ratios
Profit margin	0.5%	−4.2%	0.4%	0.8%
Gross margin	4.5%	6%	8.5%	6.2%
Revenue per employee	£774k	£582k	£443k	£996k
Profit per employee	£4.1k	−£24.4k	£1.8k	£8.1k
Cash conversion	1479%	—	−1112%	566%
Growth (year on year)
Revenue growth	—	▲19.7%	▼24.8%	▲114.4%
Profit growth	—	▼1047%	—	▲319.1%
Headcount growth	—	▲59.3%	▼1.2%	▼4.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£5.5m	£4.7m	£1.2m	£6.7m
Net assets	£2.3m	£238k	£395k	£1m
Fixed assets	£38.3k	£14.7k	£15.9k	£56.9k
Current assets	£12.8m	£12.7m	£11.2m	£21.7m
Debtors	£5.1m	£4m	£3.2m	£5.4m
Deferred income	£6.1m	£9.4m	£9.1m	£15.1m
Cash from operations	£4.1m	−£676k	−£3.2m	£5.7m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 0.8%; Profit ÷ revenue.
Gross margin: 6.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £996k; Revenue ÷ average employees.
Profit per employee: £8.1k; Profit ÷ average employees.
Cash conversion: 566%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 18.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.8%; 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: ▲166%; Now £1m
Cash at bank: ▲433%; Now £6.7m
Headcount: ▼5%; Now 81
Deferred income: ▲66%; Now £15.1m
Fixed assets: ▲257%; Now £56.9k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £655k), 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.