How much does Nikwax Limited make?

Nikwax Limited reported revenue of £13.3m and £580k profit in the year to 31 Jul 2025, according to its accounts filed at Companies House.

How many employees does Nikwax Limited have?

Nikwax Limited reported an average of 106 employees in the year to 31 Jul 2025.

Is Nikwax Limited profitable?

Yes — Nikwax Limited reported a profit of £580k in the year to 31 Jul 2025.

Company No. 03101664 · Incorporated 13 Sep 1995

Nikwax Limited

Registered name: NIKWAX LIMITED

Part of Gearform Holdings Ltd group

Nikwax Limited made £13.3m revenue and £580k profit in the year to 31 Jul 2025.

Nikwax Limited’s revenue fell 3% to £13.3m in the year to 31 Jul 2025, with £580k profit and 106 employees. The company is classified under “other manufacturing” and is based in East Sussex; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 32990Other manufacturing n.e.c.

Status: Active
Location: East Sussex, South East
Age: 31 yrs · since 1995
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 Jul 2025

Key figures

Revenue

£13.3m

Growth ▼2.6%

Profit

£580k

Growth ▼50.5%

Profit margin

4.4%

Gross 53.7%

Employees

106

Change ▲5%

Profit / employee

£5.5k

Revenue/employee £125k

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 to	31 Jul 2022	31 Jul 2023	31 Jul 2024	31 Jul 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£11.6m	£11.3m	£13.6m	£13.3m
Cost of sales	£4.8m	£5.3m	£6.4m	£6.1m
Gross profit	£6.7m	£6m	£7.2m	£7.1m
Operating profit	£603k	−£222k	£1.3m	£811k
Profit before tax	£793k	−£291k	£1.2m	£758k
Profit after tax	£661k	£104k	£1.2m	£580k
Profit (best available)	£661k	£104k	£1.2m	£580k
Staff costs	£4.3m	£4.1m	£4.5m	£4.8m
Employees (average)	106	107	101	106
Ratios
Profit margin	5.7%	0.9%	8.6%	4.4%
Gross margin	58.2%	52.9%	53.1%	53.7%
Revenue per employee	£109k	£105k	£135k	£125k
Profit per employee	£6.2k	£968	£11.6k	£5.5k
Growth (year on year)
Revenue growth	—	▼2.7%	▲21%	▼2.6%
Profit growth	—	▼84.3%	▲1031%	▼50.5%
Headcount growth	—	▲0.9%	▼5.6%	▲5%
Balance sheet — indirect signals, not revenue
Cash at bank	£477k	£225k	£792k	£442k
Net assets	£5.7m	£5.9m	£7m	£7.6m
Fixed assets	£3m	£3m	£3m	£3.7m
Current assets	£6.3m	£6.6m	£7.7m	£7.9m
Debtors	£680k	£676k	£870k	£525k
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Apr 2026

Derived from the latest filing

How the business works

Profit margin: 4.4%; Profit ÷ revenue.
Gross margin: 53.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £125k; Revenue ÷ average employees.
Profit per employee: £5.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 27.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 4%; 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: ▲8%; Now £7.6m
Cash at bank: ▼44%; Now £442k
Headcount: ▲5%; Now 106
Deferred income: —; Now —
Fixed assets: ▲21%; Now £3.7m

Corporate ownership

Group structure

Ownership chain

Gearform Holdings Ltdultimate parent75–100%
Gearform Trustees Limited75–100%
Gearform Holdings Ltd75–100%
Nikwax Limitedthis company

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

Sister companies (2)

Gearform Trustees LimitedFigures not disclosed
Paramo LimitedFigures not disclosed

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 FullAccounts for the year to 31 Jul 2025 (profit £580k), from the Companies House accounts bulk data published Apr 2026. Spotted an error? Request a correction.

Updated from Companies House on 15 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.