How much does The Waterside Hotel and Galleon Leisure Club Limited make?

The Waterside Hotel and Galleon Leisure Club Limited reported revenue of £5.8m and a loss of £972k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does The Waterside Hotel and Galleon Leisure Club Limited have?

The Waterside Hotel and Galleon Leisure Club Limited reported an average of 88 employees in the year to 31 Dec 2024.

Is The Waterside Hotel and Galleon Leisure Club Limited profitable?

No — The Waterside Hotel and Galleon Leisure Club Limited reported a loss of £972k in the year to 31 Dec 2024.

Company No. 02914950 · Incorporated 31 Mar 1994

The Waterside Hotel and Galleon Leisure Club Limited

Registered name: THE WATERSIDE HOTEL AND GALLEON LEISURE CLUB LIMITED

The Waterside Hotel and Galleon Leisure Club Limited made £5.8m revenue and a £972k loss in the year to 31 Dec 2024.

The Waterside Hotel and Galleon Leisure Club Limited’s revenue grew 5% to £5.8m in the year to 31 Dec 2024, with a loss of £972k and 88 employees. The company is classified under “hotels and similar accommodation” and is based in Didsbury; we hold 3 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 55100Hotels and similar accommodation SIC 93130Fitness facilities

Status: Active
Location: Didsbury, North West
Age: 32 yrs · since 1994
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentCash flow filed

Revenue

£5.8m

Growth ▲4.9%

Profit

−£972k

Growth ▼1287%

Profit margin

−16.8%

Gross 55.6%

Employees

Change ▲3.5%

Profit / employee

−£11k

Revenue/employee £65.7k

Profitable streak

0yrs

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 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£4.7m	£5.5m	£5.8m
Cost of sales	£2m	£2.4m	£2.6m
Gross profit	£2.7m	£3.2m	£3.2m
Operating profit	£786k	£841k	£769k
Profit before tax	£404k	£128k	−£6.5k
Profit after tax	£454k	£81.9k	−£972k
Profit (best available)	£454k	£81.9k	−£972k
Staff costs	£1.5m	£1.8m	£2m
Employees (average)	77	85	88
Ratios
Profit margin	9.6%	1.5%	−16.8%
Gross margin	57.4%	57.3%	55.6%
Revenue per employee	£61.3k	£64.8k	£65.7k
Profit per employee	£5.9k	£964	−£11k
Cash conversion	−134.1%	−124%	−136.5%
Growth (year on year)
Revenue growth	—	▲16.7%	▲4.9%
Profit growth	—	▼82%	▼1287%
Headcount growth	—	▲10.4%	▲3.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£378k	£246k	£196k
Net assets	£1.4m	£969k	−£1.2m
Fixed assets	£13.4m	£13m	£11.6m
Current assets	£451k	£343k	£271k
Debtors	£18.2k	£36.8k	£14.2k
Deferred income	£444k	£539k	£522k
Cash from operations	−£1.1m	−£1m	−£1.1m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −16.8%; Profit ÷ revenue.
Gross margin: 55.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £65.7k; Revenue ÷ average employees.
Profit per employee: −£11k; Profit ÷ average employees.
Cash conversion: −136.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 199.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.2%; 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: ▼225%; Now −£1.2m
Cash at bank: ▼20%; Now £196k
Headcount: ▲4%; Now 88
Deferred income: ▼3%; Now £522k
Fixed assets: ▼11%; Now £11.6m

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 2024 (profit −£972k), from the Companies House accounts bulk data published Sep 2025. 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.