How much does First Developments Limited make?

First Developments Limited reported revenue of £17.8m and £133k profit in the year to 31 May 2025, according to its accounts filed at Companies House.

How many employees does First Developments Limited have?

First Developments Limited reported an average of 43 employees in the year to 31 May 2025.

Is First Developments Limited profitable?

Yes — First Developments Limited reported a profit of £133k in the year to 31 May 2025.

Company No. 05121902 · Incorporated 7 May 2004

First Developments Limited

Registered name: FIRST DEVELOPMENTS LIMITED

Part of Firdev Holdings Limited group

First Developments Limited made £17.8m revenue and £133k profit in the year to 31 May 2025.

First Developments Limited’s revenue grew 12% to £17.8m in the year to 31 May 2025, with £133k profit and 43 employees. The company is classified under “retail sale of beverages in specialised stores” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47250Retail sale of beverages in specialised stores

Status: Active
Location: London, London
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 31 May 2025

Key figures

Capital-lightDoing more with lessCash flow filed

Revenue

£17.8m

Growth ▲11.7%

Profit

£133k

Growth ▼50.7%

Profit margin

0.8%

Gross 18.6%

Employees

Change ▼2.3%

Profit / employee

£3.1k

Revenue/employee £413k

Profitable streak

3yrs

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 May 2022	31 May 2023	31 May 2024	31 May 2025
Disclosure	No P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£15.4m	£15.9m	£17.8m
Cost of sales	—	£11.9m	£13.2m	£14.5m
Gross profit	—	£3.5m	£2.7m	£3.3m
Operating profit	—	£1.4m	£498k	£241k
Profit before tax	—	£1.4m	£449k	£150k
Profit after tax	—	£1.2m	£270k	£133k
Profit (best available)	—	£1.2m	£270k	£133k
Staff costs	—	£775k	£912k	£1m
Employees (average)	35	40	44	43
Ratios
Profit margin	—	7.6%	1.7%	0.8%
Gross margin	—	22.8%	17.1%	18.6%
Revenue per employee	—	£385k	£361k	£413k
Profit per employee	—	£29.2k	£6.1k	£3.1k
Cash conversion	—	55.3%	−216%	−271.8%
Growth (year on year)
Revenue growth	—	—	▲3.2%	▲11.7%
Profit growth	—	—	▼76.9%	▼50.7%
Headcount growth	—	▲14.3%	▲10%	▼2.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.3m	£36.7k	£777k	£534k
Net assets	£3.8m	£5m	£5.2m	£5.4m
Fixed assets	£644k	£817k	£755k	£709k
Current assets	£6.2m	£6.8m	£8.1m	£8.1m
Debtors	£895k	£271k	£417k	£730k
Cash from operations	—	£801k	−£1.1m	−£654k
Source	Accounts · bulk data Feb 2024	Accounts · bulk data Feb 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: 18.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £413k; Revenue ÷ average employees.
Profit per employee: £3.1k; Profit ÷ average employees.
Cash conversion: −271.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 4.1%; 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: ▲3%; Now £5.4m
Cash at bank: ▼31%; Now £534k
Headcount: ▼2%; Now 43
Deferred income: —; Now —
Fixed assets: ▼6%; Now £709k

Corporate ownership

Group structure

Ownership chain

Firdev Holdings Limitedultimate parent75–100%
First Developments Limitedthis company

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

Sister companies (1)

Lion Wall 2 Ltd.Figures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 May 2025 (profit £133k), 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.