Groundwork Services (Durham) Ltd
Registered name: GROUNDWORK SERVICES (DURHAM) LTD
Part of GWS Holdings Limited groupGroundwork Services (Durham) Ltd made £42m revenue and £1.5m profit in the year to 31 May 2025.
Groundwork Services (Durham) Ltd’s revenue fell 10% to £42m in the year to 31 May 2025, with £1.5m profit and 174 employees. The company is classified under “construction of other civil engineering projects” and is based in Durham; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Durham, North East
- Age
- 26 yrs · since 2000
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2022 | 31 May 2023 | 31 May 2024 | 31 May 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £38.5m | £51.7m | £46.6m | £42m |
| Cost of sales | £33.7m | £42.2m | £39.9m | £35.3m |
| Gross profit | £4.8m | £9.5m | £6.6m | £6.7m |
| Operating profit | £1.3m | £5.1m | £2.1m | £2.2m |
| Profit before tax | £1.2m | £5m | £1.9m | £1.9m |
| Profit after tax | £784k | £4.2m | £2m | £1.5m |
| Profit (best available) | £784k | £4.2m | £2m | £1.5m |
| Staff costs | £6.9m | £7.1m | £8.4m | £7.6m |
| Employees (average) | 171 | 172 | 173 | 174 |
| Ratios | ||||
| Profit margin | 2% | 8% | 4.2% | 3.5% |
| Gross margin | 12.5% | 18.4% | 14.3% | 16% |
| Revenue per employee | £225k | £301k | £269k | £242k |
| Profit per employee | £4.6k | £24.1k | £11.4k | £8.4k |
| Cash conversion | −129.9% | −97.3% | −132.6% | −173.7% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲34.5% | ▼10% | ▼9.8% |
| Profit growth | — | ▲429.5% | ▼52.5% | ▼26.1% |
| Headcount growth | — | ▲0.6% | ▲0.6% | ▲0.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £652k | £3.2m | £1.3m | £2m |
| Net assets | £3m | £5.7m | £7.4m | £7.8m |
| Fixed assets | £5.8m | £7.6m | £10.3m | £10.4m |
| Current assets | £7.7m | £12.6m | £11m | £11.5m |
| Debtors | £3.2m | £3.5m | £3m | £4.3m |
| Cash from operations | −£1.7m | −£5m | −£2.8m | −£3.8m |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2025 | FullAccounts · bulk data Feb 2026 |
How the business works
- Profit margin
- 3.5%
- Profit ÷ revenue.
- Gross margin
- 16%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £242k
- Revenue ÷ average employees.
- Profit per employee
- £8.4k
- Profit ÷ average employees.
- Cash conversion
- −173.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 24.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 10.3%
- Money owed by customers. Low = customers pay quickly.
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
- ▲5%
- Now £7.8m
- Cash at bank
- ▲57%
- Now £2m
- Headcount
- ▲1%
- Now 174
- Deferred income
- —
- Now —
- Fixed assets
- ▲0%
- Now £10.4m
Group structure
Ownership chain
- GWS Holdings Limitedultimate parent75–100%
- Groundwork Services (Durham) Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- GWS Demolition LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
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- Foxton Construction LimitedMarket Harborough · Construction of other civil engineering projects n.e.c.
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- Montel Civil Engineering LimitedWorcester · Construction of other civil engineering projects n.e.c.
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Sources
Latest figures from FullAccounts for the year to 31 May 2025 (profit £1.5m), from the Companies House accounts bulk data published Feb 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.