How much does Grace Homes Limited make?

Grace Homes Limited reported revenue of £13.5m and a loss of £432k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Grace Homes Limited have?

Grace Homes Limited reported an average of 25 employees in the year to 31 Dec 2024.

Is Grace Homes Limited profitable?

No — Grace Homes Limited reported a loss of £432k in the year to 31 Dec 2024.

Company No. 03828334 · Incorporated 19 Aug 1999

Grace Homes Limited

Registered name: GRACE HOMES LIMITED

Part of Wattle Investments Limited group

Grace Homes Limited made £13.5m revenue and a £432k loss in the year to 31 Dec 2024.

Grace Homes Limited’s revenue grew 73% to £13.5m in the year to 31 Dec 2024, with a loss of £432k and 25 employees. The company is classified under “development of building projects” and is based in Corby; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects

Status: Active
Location: Corby, East Midlands
Age: 27 yrs · since 1999
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 2024

Key figures

Capital-lightCash flow filed

Revenue

£13.5m

Growth ▲72.9%

Profit

−£432k

Growth —

Profit margin

−3.2%

Gross 6.1%

Employees

Change ▲8.7%

Profit / employee

−£17.3k

Revenue/employee £541k

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)	£11.2m	£7.8m	£13.5m
Cost of sales	£8.1m	£6.5m	£12.7m
Gross profit	£3m	£1.3m	£821k
Operating profit	£1.6m	−£299k	−£534k
Profit before tax	£1.6m	−£302k	−£520k
Profit after tax	£1.3m	−£57.1k	−£432k
Profit (best available)	£1.3m	−£57.1k	−£432k
Staff costs	£1.2m	£1.4m	£1.6m
Employees (average)	20	23	25
Ratios
Profit margin	11.7%	−0.7%	−3.2%
Gross margin	27.3%	17%	6.1%
Revenue per employee	£558k	£340k	£541k
Profit per employee	£65.5k	−£2.5k	−£17.3k
Cash conversion	−79.6%	—	—
Growth (year on year)
Revenue growth	—	▼29.9%	▲72.9%
Profit growth	—	▼104.4%	—
Headcount growth	—	▲15%	▲8.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.1m	£333k	£33.6k
Net assets	£3.2m	£2.7m	£1.8m
Fixed assets	£96.3k	£242k	£164k
Current assets	£13.8m	£23.7m	£28.2m
Debtors	£227k	£22.7k	£37.4k
Deferred income	£1.3m	£1m	£1m
Cash from operations	−£1.3m	£8m	£6.1m
Source	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −3.2%; Profit ÷ revenue.
Gross margin: 6.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £541k; Revenue ÷ average employees.
Profit per employee: −£17.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 7.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.3%; 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: ▼32%; Now £1.8m
Cash at bank: ▼90%; Now £33.6k
Headcount: ▲9%; Now 25
Deferred income: ▲2%; Now £1m
Fixed assets: ▼32%; Now £164k

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

Wattle Investments Limitedultimate parent75–100%
Grace Developments Limited75–100%
Grace Homes Limitedthis company

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

Subsidiaries (2)

Sysonby Lodge (Melton Mowbray) Management Company LimitedFigures not disclosed
Sysonby Lodge Freehold LimitedFigures not disclosed

Sister companies (2)

Wattle Properties (Sysonby Lodge) LimitedFigures not disclosed
White Lodge Developments 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 2024 (profit −£432k), 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.