How much does Walter Miles (Electrical Engineers) Limited make?

Walter Miles (Electrical Engineers) Limited reported revenue of £24.4m and a loss of £687k in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Walter Miles (Electrical Engineers) Limited have?

Walter Miles (Electrical Engineers) Limited reported an average of 21 employees in the year to 31 Mar 2025.

Is Walter Miles (Electrical Engineers) Limited profitable?

No — Walter Miles (Electrical Engineers) Limited reported a loss of £687k in the year to 31 Mar 2025.

Company No. 00531815 · Incorporated 6 Apr 1954

Walter Miles (Electrical Engineers) Limited

Registered name: WALTER MILES (ELECTRICAL ENGINEERS) LIMITED

Part of Walter Miles Electrical Limited group

Walter Miles (Electrical Engineers) Limited made £24.4m revenue and a £687k loss in the year to 31 Mar 2025. read from filing text

Walter Miles (Electrical Engineers) Limited’s revenue grew 23% to £24.4m in the year to 31 Mar 2025, with a loss of £687k and 21 employees. The company is classified under “electrical installation” and is based in Leicester; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43210Electrical installation

Status: Active
Location: Leicester, East Midlands
Age: 72 yrs · since 1954
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 Mar 2025

Key figures

Capital-lightDoing more with lessBoring industryCash flow filed

Revenue

£24.4m

Growth ▲23.1%

Profit

−£687k

Growth ▼152.5%

Profit margin

−2.8%

Gross 21.2%

Employees

Change ▼25%

Profit / employee

−£32.7k

Revenue/employee £1.2m

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 to	6 Apr 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£19.8m	£24.4m
Cost of sales	£16.8m	£19.2m
Gross profit	£3.1m	£5.2m
Operating profit	£1.8m	−£936k
Profit before tax	£1.8m	−£813k
Profit after tax	£1.3m	−£687k
Profit (best available)	£1.3m	−£687k
Staff costs	£1.5m	£1.5m
Employees (average)	28	21
Ratios
Profit margin	6.6%	−2.8%
Gross margin	15.4%	21.2%
Revenue per employee	£709k	£1.2m
Profit per employee	£46.7k	−£32.7k
Cash conversion	−431.2%	—
Growth (year on year)
Revenue growth	—	▲23.1%
Profit growth	—	▼152.5%
Headcount growth	—	▼25%
Balance sheet — indirect signals, not revenue
Cash at bank	£10.9m	£7m
Net assets	£8.3m	£7.6m
Fixed assets	£511k	£510k
Current assets	£12.5m	£14.7m
Debtors	£592k	£5.4m
Deferred income	£207k	£13.3k
Cash from operations	−£7.6m	£3.8m
Source	FullAccounts · bulk data Jan 2026	FullAccounts · bulk data Jan 2026

Derived from the latest filing

How the business works

Profit margin: −2.8%; Profit ÷ revenue.
Gross margin: 21.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.2m; Revenue ÷ average employees.
Profit per employee: −£32.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 22.3%; 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: ▼8%; Now £7.6m
Cash at bank: ▼35%; Now £7m
Headcount: ▼25%; Now 21
Deferred income: ▼94%; Now £13.3k
Fixed assets: ▼0%; Now £510k

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

Corporate ownership

Group structure

Ownership chain

Walter Miles Electrical Limitedultimate parent75–100%
Walter Miles (Electrical Engineers) Limitedthis company

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

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 Mar 2025 (profit −£687k), from the Companies House accounts bulk data published Jan 2026. Spotted an error? Request a correction.

Updated from Companies House on 15 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.