Windermere Lake Cruises Limited
Registered name: WINDERMERE LAKE CRUISES LIMITED
Part of Winander Leisure Ltd groupWindermere Lake Cruises Limited made £14.3m revenue and £2.8m profit in the year to 31 Jan 2026.
Windermere Lake Cruises Limited’s revenue grew 5% to £14.3m in the year to 31 Jan 2026, with £2.8m profit and 162 employees. The company is classified under “inland passenger water transport” and is based in Bowness on Windermere; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Bowness on Windermere, North West
- Age
- 58 yrs · since 1968
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jan 2022 | 31 Jan 2023 | 31 Jan 2024 | 31 Jan 2025 | 31 Jan 2026 |
|---|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | £9.5m | £11.4m | £13.1m | £13.6m | £14.3m |
| Cost of sales | £4.2m | £5.9m | −£6.5m | −£6.6m | −£7.1m |
| Gross profit | £5.3m | £5.6m | £6.6m | £7m | £7.1m |
| Operating profit | £3.5m | £3.1m | £3.9m | £3.8m | £3.9m |
| Profit before tax | £3.4m | £2.9m | £3.8m | £3.6m | £3.7m |
| Profit after tax | £2.5m | £2.4m | £2.9m | £2.7m | £2.8m |
| Profit (best available) | £2.5m | £2.4m | £2.9m | £2.7m | £2.8m |
| Staff costs | £3m | £3.8m | — | — | — |
| Employees (average) | 115 | 135 | 145 | 148 | 162 |
| Ratios | |||||
| Profit margin | 26.3% | 20.8% | 21.8% | 19.9% | 19.5% |
| Gross margin | 56% | 48.9% | 50.5% | 51.3% | 50% |
| Revenue per employee | £82.3k | £84.8k | £90.6k | £92.1k | £88.1k |
| Profit per employee | £21.7k | £17.6k | £19.8k | £18.3k | £17.2k |
| Growth (year on year) | |||||
| Revenue growth | — | ▲20.9% | ▲14.7% | ▲3.9% | ▲4.6% |
| Profit growth | — | ▼4.5% | ▲20.4% | ▼5.5% | ▲2.6% |
| Headcount growth | — | ▲17.4% | ▲7.4% | ▲2.1% | ▲9.5% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £7.8m | £3.9m | — | — | — |
| Net assets | £13.5m | £13.3m | — | — | — |
| Fixed assets | £15.9m | £15.9m | — | — | — |
| Current assets | £8.1m | £4.3m | — | — | — |
| Debtors | £55.9k | £54.7k | — | — | — |
| Deferred income | £296k | £647k | — | — | — |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- 19.5%
- Profit ÷ revenue.
- Gross margin
- 50%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £88.1k
- Revenue ÷ average employees.
- Profit per employee
- £17.2k
- 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.
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
- ▲9%
- Now 162
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Winander Leisure Ltd (registered outside the UK register)ultimate parent75–100%
- Windermere Lake Cruises Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (5)
- Ambleside Motor Launch Co. LtdFigures not disclosed
- Bowness Bay Boating Co. LimitedFigures not disclosed
- Windermere Boating Company LimitedFigures not disclosed
- Windermere Iron Steamboat Company LimitedFigures not disclosed
- Windermere Motor Launch Company LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Jan 2026 (profit £2.8m), from the Companies House accounts bulk data published Oct 2026. 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.