How much does Lucketts of Watford Limited make?

Lucketts of Watford Limited reported revenue of £14.9m and £1.1m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Lucketts of Watford Limited have?

Lucketts of Watford Limited reported an average of 452 employees in the year to 31 Dec 2025.

Is Lucketts of Watford Limited profitable?

Yes — Lucketts of Watford Limited reported a profit of £1.1m in the year to 31 Dec 2025.

Company No. 03253147 · Incorporated 23 Sep 1996

Lucketts of Watford Limited

Registered name: LUCKETTS OF WATFORD LIMITED

Part of Lucketts Group Limited group

Lucketts of Watford Limited made £14.9m revenue and £1.1m profit in the year to 31 Dec 2025.

Lucketts of Watford Limited’s revenue grew 3% to £14.9m in the year to 31 Dec 2025, with £1.1m profit and 452 employees. The company is classified under “taxi operation” and is based in Watford; we hold 4 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49320Taxi operation SIC 49390Other passenger land transport

Status: Active
Location: Watford, East of England
Age: 30 yrs · since 1996
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 leverageCash flow filed

Revenue

£14.9m

Growth ▲3%

Profit

£1.1m

Growth ▲93.4%

Profit margin

7.7%

Gross 20.9%

Employees

452

Change ▲9.2%

Profit / employee

£2.5k

Revenue/employee £33.1k

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 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10m	£13.2m	£14.5m	£14.9m
Cost of sales	£7.5m	£10.3m	£11.7m	£11.8m
Gross profit	£2.6m	£2.9m	£2.8m	£3.1m
Operating profit	£1.2m	£1.4m	£994k	£1.4m
Profit before tax	£1.2m	£1.4m	£959k	£1.3m
Profit after tax	£1.1m	£1.1m	£593k	£1.1m
Profit (best available)	£1.1m	£1.1m	£593k	£1.1m
Staff costs	£2.3m	£3.1m	£4m	£4.3m
Employees (average)	240	314	414	452
Ratios
Profit margin	10.6%	8.3%	4.1%	7.7%
Gross margin	25.5%	22.1%	19.3%	20.9%
Revenue per employee	£41.9k	£42k	£35k	£33.1k
Profit per employee	£4.4k	£3.5k	£1.4k	£2.5k
Cash conversion	−138.4%	−115.6%	−240.5%	−156.3%
Growth (year on year)
Revenue growth	—	▲31.1%	▲10.1%	▲3%
Profit growth	—	▲3.1%	▼45.9%	▲93.4%
Headcount growth	—	▲30.8%	▲31.9%	▲9.2%
Balance sheet — indirect signals, not revenue
Cash at bank	—	£1.3m	£1.2m	£1.5m
Net assets	£4.2m	£5m	£4.4m	£5.1m
Fixed assets	£3.3m	£3.7m	£4m	£1.8m
Current assets	—	£4.2m	£4.3m	£5.8m
Debtors	£1.7m	£2.8m	£2.1m	£2.5m
Deferred income	£250k	£338k	£471k	£385k
Cash from operations	−£1.7m	−£1.7m	−£2.4m	−£2.2m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 7.7%; Profit ÷ revenue.
Gross margin: 20.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £33.1k; Revenue ÷ average employees.
Profit per employee: £2.5k; Profit ÷ average employees.
Cash conversion: −156.3%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 11.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.6%; 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: ▲16%; Now £5.1m
Cash at bank: ▲22%; Now £1.5m
Headcount: ▲9%; Now 452
Deferred income: ▼18%; Now £385k
Fixed assets: ▼55%; Now £1.8m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Lucketts Group Limitedultimate parent75–100%
Lucketts of Watford Limitedthis company

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

Sister companies (5)

Lucketts Asset Management LimitedFigures not disclosed
Lucketts Coaches LimitedFigures not disclosed
Lucketts Estates LimitedFigures not disclosed
Lucketts Management Services LimitedFigures not disclosed
Lucketts Midlands 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 Dec 2025 (profit £1.1m), 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.