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Company No. 02858544 · Incorporated 30 Sep 1993

Kevin Watson Construction Ltd

Registered name: KEVIN WATSON CONSTRUCTION LTD

Kevin Watson Construction Ltd made £9.1m revenue and £113k profit in the year to 31 Dec 2025. read from filing text

Kevin Watson Construction Ltd’s revenue fell 34% to £9.1m in the year to 31 Dec 2025, with £113k profit and 29 employees. The company is classified under “development of building projects” and is based in Barnet; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects
Status
Active
Location
Barnet, East of England
Age
33 yrs · since 1993
Type
Private Limited Company
Latest accounts · year to 31 Dec 2025

Key figures

IndependentCapital-lightCash flow filed
Revenue
£9.1m
Growth ▼33.5%
Profit
£113k
Growth ▼72.5%
Profit margin
1.2%
Gross 11.2%
Employees
29
Change ▼12.1%
Profit / employee
£3.9k
Revenue/employee £315k
Profitable streak
4yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 202331 Dec 202431 Dec 2025
DisclosureFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£26.1m£15m£13.8m£9.1m
Cost of sales£24.9m£13.5m£12.8m£8.1m
Gross profit£1.2m£1.5m£1m£1m
Operating profit£121k£234k£166k£257k
Profit before tax£37.5k£105k£71.4k£197k
Profit after tax£32.1k£427k£411k£113k
Profit (best available)£32.1k£427k£411k£113k
Staff costs£2m£1.8m£1.5m£1.3m
Employees (average)51493329
Ratios
Profit margin0.1%2.8%3%1.2%
Gross margin4.5%10.1%7.3%11.2%
Revenue per employee£512k£307k£417k£315k
Profit per employee£630£8.7k£12.4k£3.9k
Cash conversion228.5%−148.8%280%−19%
Growth (year on year)
Revenue growth—▼42.4%▼8.5%▼33.5%
Profit growth—▲1227%▼3.7%▼72.5%
Headcount growth—▼3.9%▼32.6%▼12.1%
Balance sheet — indirect signals, not revenue
Cash at bank£0£179k£1.3k£43
Net assets£2.7m£3.1m£3.5m£3.6m
Fixed assets£216k£109k£56k£46.4k
Current assets£8.2m£9.7m£9.5m£8.6m
Debtors£3m£2.8m£2.3m£1.5m
Deferred income£30.4k£979k£906k£877k
Cash from operations£276k−£349k£465k−£48.7k
SourceFullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2025FullAccounts · bulk data Sep 2026
Derived from the latest filing

How the business works

Profit margin
1.2%
Profit ÷ revenue.
Gross margin
11.2%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£315k
Revenue ÷ average employees.
Profit per employee
£3.9k
Profit ÷ average employees.
Cash conversion
−19%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.5%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
9.6%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
16.5%
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
▲3%
Now £3.6m
Cash at bank
▼97%
Now £43
Headcount
▼12%
Now 29
Deferred income
▼3%
Now £877k
Fixed assets
▼17%
Now £46.4k

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

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £113k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

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