S.walsh & Son Limited
Registered name: S.WALSH & SON LIMITED
Part of GRS Roadstone Group Limited groupS.walsh & Son Limited made £21.3m revenue and a £4.9m loss in the year to 31 Jan 2025.
S.walsh & Son Limited’s revenue fell 24% to £21.3m in the year to 31 Jan 2025, with a loss of £4.9m and 36 employees. The company is classified under “construction of other civil engineering projects” and is based in Nuneaton; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Nuneaton
- Age
- 54 yrs · since 1972
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Jan 2023 | 31 Jan 2024 | 31 Jan 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £27.5m | £27.9m | £21.3m |
| Cost of sales | −£16.3m | −£20.5m | −£9.4m |
| Gross profit | £11.2m | £7.4m | — |
| Operating profit | −£5.3m | −£5m | −£6.6m |
| Profit before tax | −£5.6m | −£5.3m | −£6.8m |
| Profit after tax | −£4.5m | −£4m | −£4.9m |
| Profit (best available) | −£4.5m | −£4m | −£4.9m |
| Employees (average) | 56 | 24 | 36 |
| Ratios | |||
| Profit margin | −16.3% | −14.3% | −22.9% |
| Gross margin | 40.8% | 26.4% | — |
| Revenue per employee | £492k | £1.2m | £591k |
| Profit per employee | −£80.2k | −£166k | −£135k |
| Growth (year on year) | |||
| Revenue growth | — | ▲1.1% | ▼23.6% |
| Headcount growth | — | ▼57.1% | ▲50% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | Accounts · bulk data Apr 2026 |
How the business works
- Profit margin
- −22.9%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £591k
- Revenue ÷ average employees.
- Profit per employee
- −£135k
- 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
- ▲50%
- Now 36
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- GRS Roadstone Group Limitedultimate parent75–100%
- GRS Integrated Solutions Holdings Limited75–100%
- S.walsh & Son Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Integrated Solutions Contracting LimitedFigures not disclosed
- Nea Contracts LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Jan 2025 (profit −£4.9m), from the Companies House accounts bulk data published Apr 2026. Spotted an error? Request a correction.
Updated from Companies House on 17 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.