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Company No. 03501825 · Incorporated 30 Jan 1998

Thanet Waste Services Limited

Registered name: THANET WASTE SERVICES LIMITED

Part of 1948 Group Limited group

Thanet Waste Services Limited made £17.3m revenue and £161k profit in the year to 31 Dec 2025.

Thanet Waste Services Limited’s revenue fell 3% to £17.3m in the year to 31 Dec 2025, with £161k profit and 111 employees. The company is classified under “recovery of sorted materials” and is based in Ashford; we hold 4 years of its filed accounts.

Full P&L filedSection E · Water supply, sewerage and waste managementSIC 38320Recovery of sorted materialsSIC 39000Remediation activities and other waste management services
Status
Active
Location
Ashford, South East
Age
28 yrs · since 1998
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. From the filing: “1948 Group Limited”

Latest accounts · year to 31 Dec 2025

Key figures

Boring industry
Revenue
£17.3m
Growth ▼3.2%
Profit
£161k
Growth ▼29.8%
Profit margin
0.9%
Gross 16.9%
Employees
111
Change ▲5.7%
Profit / employee
£1.5k
Revenue/employee £155k
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&LFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£17.9m£19.3m£17.8m£17.3m
Cost of sales£15.4m£16m£14.7m£14.3m
Gross profit£2.5m£3.3m£3.1m£2.9m
Operating profit£299k£614k£411k£555k
Profit before tax£145k£397k£220k£327k
Profit after tax£213k£243k£230k£161k
Profit (best available)£213k£243k£230k£161k
Staff costs£4m£4.3m£4.4m£4.4m
Employees (average)114120105111
Ratios
Profit margin1.2%1.3%1.3%0.9%
Gross margin14%17.2%17.6%16.9%
Revenue per employee£157k£161k£170k£155k
Profit per employee£1.9k£2k£2.2k£1.5k
Growth (year on year)
Revenue growth—▲7.7%▼7.5%▼3.2%
Profit growth—▲13.9%▼5.4%▼29.8%
Headcount growth—▲5.3%▼12.5%▲5.7%
Balance sheet — indirect signals, not revenue
Cash at bank£273k£735k£217k£448k
Net assets£3.7m£3.9m£4.2m£4.3m
Fixed assets£6m£5.7m£5.1m£5.2m
Current assets£4.5m£5.2m£5.1m£5.7m
Debtors£2.4m£2.2m£2.1m£2.2m
Deferred income£128k£147k£82.3k£116k
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
0.9%
Profit ÷ revenue.
Gross margin
16.9%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£155k
Revenue ÷ average employees.
Profit per employee
£1.5k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
30.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
0.7%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
12.8%
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
▲4%
Now £4.3m
Cash at bank
▲107%
Now £448k
Headcount
▲6%
Now 111
Deferred income
▲41%
Now £116k
Fixed assets
▲3%
Now £5.2m

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

  1. 1948 Group Limitedultimate parent75–100%
  2. Thanet Waste Services Limitedthis company

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

Subsidiaries (4)

Sister companies (5)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £161k), 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.