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Company No. 00872520 · Incorporated 28 Feb 1966

Waddington Custot Galleries Limited

Registered name: WADDINGTON CUSTOT GALLERIES LIMITED

Waddington Custot Galleries Limited made £11.2m revenue and £377k profit in the year to 31 Dec 2024.

Waddington Custot Galleries Limited’s revenue fell 39% to £11.2m in the year to 31 Dec 2024, with £377k profit and 14 employees. The company is classified under “retail sale in commercial art galleries”; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47781Retail sale in commercial art galleries
Status
Active
Location
London
Age
60 yrs · since 1966
Type
Private Limited Company
Latest accounts · year to 31 Dec 2024

Key figures

IndependentCapital-lightCash flow filed
Revenue
£11.2m
Growth ▼39.3%
Profit
£377k
Growth ▼51%
Profit margin
3.4%
Gross 43%
Employees
14
Change 0%
Profit / employee
£26.9k
Revenue/employee £798k
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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 202331 Dec 2024
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£18.8m£18.4m£11.2m
Cost of sales£11.2m£12m£6.4m
Gross profit£7.6m£6.4m£4.8m
Operating profit£3.5m£1.1m£506k
Profit before tax£3.5m£1.1m£528k
Profit after tax£2.8m£769k£377k
Profit (best available)£2.8m£769k£377k
Staff costs£951k£1m£1m
Employees (average)141414
Ratios
Profit margin14.8%4.2%3.4%
Gross margin40.4%34.6%43%
Revenue per employee£1.3m£1.3m£798k
Profit per employee£199k£54.9k£26.9k
Cash conversion51.5%−182.4%−95.5%
Growth (year on year)
Revenue growth—▼2.2%▼39.3%
Profit growth—▼72.4%▼51%
Headcount growth—0%0%
Balance sheet — indirect signals, not revenue
Cash at bank£4m£1.5m£1m
Net assets£24.6m£25.3m£25.7m
Fixed assets£37k£20k£9k
Current assets£30.5m£28.8m£28.3m
Debtors£920k£1.4m£813k
Deferred income£287k£307k£224k
Cash from operations£1.8m−£2m−£483k
SourceAccounts · bulk data Sep 2024Accounts · bulk data Sep 2024FullAccounts · bulk data Dec 2025
Derived from the latest filing

How the business works

Profit margin
3.4%
Profit ÷ revenue.
Gross margin
43%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£798k
Revenue ÷ average employees.
Profit per employee
£26.9k
Profit ÷ average employees.
Cash conversion
−95.5%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
2%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
7.3%
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
▲1%
Now £25.7m
Cash at bank
▼31%
Now £1m
Headcount
0%
Now 14
Deferred income
▼27%
Now £224k
Fixed assets
▼55%
Now £9k

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

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Sources

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £377k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 24 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.