How much does Just Trays Limited make?

Just Trays Limited reported revenue of £25.6m and a loss of £1.3m in the year to 28 Feb 2025, according to its accounts filed at Companies House.

How many employees does Just Trays Limited have?

Just Trays Limited reported an average of 168 employees in the year to 28 Feb 2025.

Is Just Trays Limited profitable?

No — Just Trays Limited reported a loss of £1.3m in the year to 28 Feb 2025.

Company No. 05113567 · Incorporated 27 Apr 2004

Just Trays Limited

Registered name: JUST TRAYS LIMITED

Part of Brand K Holdings Ltd group

Just Trays Limited made £25.6m revenue and a £1.3m loss in the year to 28 Feb 2025.

Just Trays Limited’s revenue grew 9% to £25.6m in the year to 28 Feb 2025, with a loss of £1.3m and 168 employees. The company is classified under “other manufacturing” and is based in Leeds; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 32990Other manufacturing n.e.c.

Status: Active
Location: Leeds, Yorkshire and The Humber
Age: 22 yrs · since 2004
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.

Latest accounts · year to 28 Feb 2025

Key figures

Revenue

£25.6m

Growth ▲8.8%

Profit

−£1.3m

Growth —

Profit margin

−5.1%

Gross 20.7%

Employees

168

Change ▲12.8%

Profit / employee

−£7.9k

Revenue/employee £153k

Profitable streak

0yrs

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 2022	28 Feb 2023	29 Feb 2024	28 Feb 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£21.5m	£23.9m	£23.6m	£25.6m
Cost of sales	£17.2m	£20.2m	£17.7m	£20.3m
Gross profit	£4.3m	£3.7m	£5.8m	£5.3m
Operating profit	−£611k	−£1.4m	−£136k	−£1.1m
Profit before tax	−£726k	−£1.6m	£252k	−£1.4m
Profit after tax	−£530k	−£1.1m	−£76.2k	−£1.3m
Profit (best available)	−£530k	−£1.1m	−£76.2k	−£1.3m
Staff costs	£5.8m	£6.2m	£5.7m	£7.2m
Employees (average)	131	153	149	168
Ratios
Profit margin	−2.5%	−4.7%	−0.3%	−5.1%
Gross margin	20%	15.6%	24.8%	20.7%
Revenue per employee	£164k	£156k	£158k	£153k
Profit per employee	−£4k	−£7.3k	−£511	−£7.9k
Growth (year on year)
Revenue growth	—	▲11%	▼1.3%	▲8.8%
Headcount growth	—	▲16.8%	▼2.6%	▲12.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£20k	£71.1k	£13.6k	£521k
Net assets	£1.3m	£142k	−£133k	−£1.5m
Fixed assets	£3m	£2.7m	£2.9m	£2.6m
Current assets	£7.6m	£7.9m	£7.8m	£8m
Debtors	£3.2m	£4.1m	£4m	£3.2m
Source	Accounts · bulk data Nov 2023	Accounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Nov 2025

Derived from the latest filing

How the business works

Profit margin: −5.1%; Profit ÷ revenue.
Gross margin: 20.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £153k; Revenue ÷ average employees.
Profit per employee: −£7.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 10.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.4%; 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: —; Now −£1.5m
Cash at bank: ▲3729%; Now £521k
Headcount: ▲13%; Now 168
Deferred income: —; Now —
Fixed assets: ▼10%; Now £2.6m

Corporate ownership

Group structure

Ownership chain

Brand K Holdings Ltdultimate parent75–100%
Brand K Ltd75–100%
JT Holdings (UK) Limited75–100%
JT Group (UK) Limited75–100%
Just Trays Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Choice Criteria LimitedFigures not disclosed

Sister companies (2)

Ensco 515 LimitedFigures not disclosed
JT Wetrooms LimitedFigures not disclosed

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 2025 (profit −£1.3m), 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.