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Company No. OC430805 · Incorporated 21 Feb 2020

Relf Partnership I LLP

Registered name: RELF PARTNERSHIP I LLP

Part of Schroders PLC group

Relf Partnership I LLP made £13.1m revenue and a £9.1m loss in the year to 31 Dec 2025.

Relf Partnership I LLP’s revenue was £13.1m in the year to 31 Dec 2025, with a loss of £9.1m. The company is based in London; we hold 2 years of its filed accounts.

Full P&L filed
Status
Active
Location
London, London
Age
6 yrs · since 2020
Type
Limited Liability Partnership

Partnership. Profit is shown before the partners' own pay, so margins aren't comparable with a limited company. It is excluded from our opportunity lists.

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 Dec 2025

Key figures

Revenue
£13.1m
Growth —
Profit
−£9.1m
Growth —
Profit margin
−69.1%
 
Employees
—
Change —
Profit / employee
—
 
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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202331 Dec 2025
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£0£13.1m
Cost of sales£0−£8m
Gross profit£0—
Operating profit−£2.8m£4.2m
Profit after tax−£6.2m−£9.1m
Profit (best available)−£6.2m−£9.1m
Employees (average)——
Ratios
Profit margin—−69.1%
Balance sheet — indirect signals, not revenue
Net assets——
SourceAccounts · bulk data Jul 2025Accounts · bulk data Aug 2026
Derived from the latest filing

How the business works

Profit margin
−69.1%
Profit ÷ revenue.
Gross margin
—
Gross profit ÷ revenue. High for software and services.
Revenue per employee
—
Revenue ÷ average employees.
Profit per employee
—
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
—
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.
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 —
Cash at bank
—
Now —
Headcount
—
Now —
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. Schroders PLCultimate parent75–100%
  2. Schroder Administration Limited75–100%
  3. Schroder International Holdings Limited75–100%
  4. Relf Partnership I LLPthis company

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

Sister companies (11)

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

Sources

Latest figures from accounts for the year to 31 Dec 2025 (profit −£9.1m), from the Companies House accounts bulk data published Aug 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.