How much does Wates Property Services Limited make?

Wates Property Services Limited reported revenue of £526m and £17.6m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Wates Property Services Limited have?

Wates Property Services Limited reported an average of 1,762 employees in the year to 31 Dec 2025.

Is Wates Property Services Limited profitable?

Yes — Wates Property Services Limited reported a profit of £17.6m in the year to 31 Dec 2025.

Company No. 01141788 · Incorporated 26 Oct 1973

Wates Property Services Limited

Registered name: WATES PROPERTY SERVICES LIMITED

Part of 1260 Family Holdings Limited group

Wates Property Services Limited made £526m revenue and £17.6m profit in the year to 31 Dec 2025.

Wates Property Services Limited’s revenue grew 3% to £526m in the year to 31 Dec 2025, with £17.6m profit and 1,762 employees. The company is classified under “other service activities” and is based in Leatherhead; we hold 3 years of its filed accounts.

Full P&L filedSection S · Other service activitiesSIC 96090Other service activities n.e.c.

Status: Active
Location: Leatherhead, London
Age: 52 yrs · since 1973
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 Dec 2025

Key figures

Operating leverage

Revenue

£526m

Growth ▲3.4%

Profit

£17.6m

Growth ▲6.6%

Profit margin

3.4%

Gross 24.1%

Employees

1,762

Change ▲19.7%

Profit / employee

£10k

Revenue/employee £299k

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 to	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£364m	£509m	£526m
Cost of sales	−£292m	−£404m	−£400m
Gross profit	£71.9m	£105m	£127m
Operating profit	£8.7m	£15.4m	£20.2m
Profit before tax	£9m	£16.3m	£21.7m
Profit after tax	£7.2m	£16.5m	£17.6m
Profit (best available)	£7.2m	£16.5m	£17.6m
Employees (average)	1,010	1,472	1,762
Ratios
Profit margin	2%	3.3%	3.4%
Gross margin	19.8%	20.7%	24.1%
Revenue per employee	£361k	£346k	£299k
Profit per employee	£7.2k	£11.2k	£10k
Growth (year on year)
Revenue growth	—	▲39.7%	▲3.4%
Profit growth	—	▲128.3%	▲6.6%
Headcount growth	—	▲45.7%	▲19.7%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Apr 2025	Accounts · bulk data Apr 2025	Accounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 3.4%; Profit ÷ revenue.
Gross margin: 24.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £299k; Revenue ÷ average employees.
Profit per employee: £10k; 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: ▲20%; Now 1,762
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

1260 Family Holdings Limitedultimate parent75–100%
Wates Group Limited75–100%
Wates Construction Limited75–100%
Wates Property Services (Holdings) Limited75–100%
Wates Property Services Limitedthis company

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

Subsidiaries (1)

Purchase Group LimitedFigures not disclosed

Sister companies (1)

Liberty Group Investments LimitedRev. £106m · Profit £1.4m

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £17.6m), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.

Updated from Companies House on 16 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.