Industrial Refrigeration Limited
Registered name: INDUSTRIAL REFRIGERATION LIMITED
Industrial Refrigeration Limited made £277k revenue and £165k profit in the year to 31 Mar 2025.
Industrial Refrigeration Limited’s revenue fell 2% to £277k in the year to 31 Mar 2025, with £165k profit and 1 employee. The company is classified under “other business support service activities” and is based in Watford; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Watford, East of England
- Age
- 23 yrs · since 2003
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £199k | £317k | £282k | £277k |
| Cost of sales | £110k | £118k | £147k | £87.3k |
| Gross profit | £88.9k | £199k | £135k | £190k |
| Operating profit | £67.9k | £178k | £110k | £165k |
| Profit before tax | £67.9k | £178k | £110k | £165k |
| Profit after tax | £67.9k | £178k | £110k | £165k |
| Profit (best available) | £67.9k | £178k | £110k | £165k |
| Employees (average) | 1 | 1 | 1 | 1 |
| Ratios | ||||
| Profit margin | 34.1% | 56.1% | 39.1% | 59.6% |
| Gross margin | 44.6% | 62.8% | 48% | 68.6% |
| Revenue per employee | £199k | £317k | £282k | £277k |
| Profit per employee | £67.9k | £178k | £110k | £165k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲59.2% | ▼11% | ▼1.7% |
| Profit growth | — | ▲162.2% | ▼38% | ▲49.7% |
| Headcount growth | — | 0% | 0% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £966k | £1m | £1.1m | £1.2m |
| Net assets | £956k | £981k | £1.1m | £1.2m |
| Fixed assets | £2.8k | £3.5k | £3.8k | £4.1k |
| Current assets | £966k | £1m | £1.1m | £1.2m |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 59.6%
- Profit ÷ revenue.
- Gross margin
- 68.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £277k
- Revenue ÷ average employees.
- Profit per employee
- £165k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.5%
- 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
- ▲10%
- Now £1.2m
- Cash at bank
- ▲9%
- Now £1.2m
- Headcount
- 0%
- Now 1
- Deferred income
- —
- Now —
- Fixed assets
- ▲8%
- Now £4.1k
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £165k), 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.