How much does Pad Contracts Limited make?

Pad Contracts Limited reported revenue of £8.6m and £291k profit in the year to 30 Jun 2025, according to its accounts filed at Companies House.

How many employees does Pad Contracts Limited have?

Pad Contracts Limited reported an average of 43 employees in the year to 30 Jun 2025.

Is Pad Contracts Limited profitable?

Yes — Pad Contracts Limited reported a profit of £291k in the year to 30 Jun 2025.

Company No. 04222341 · Incorporated 23 May 2001

Pad Contracts Limited

Registered name: PAD CONTRACTS LIMITED

Part of Whelan & Grant (Holdings) Limited group

Pad Contracts Limited made £8.6m revenue and £291k profit in the year to 30 Jun 2025.

Pad Contracts Limited’s revenue grew 38% to £8.6m in the year to 30 Jun 2025, with £291k profit and 43 employees. The company is classified under “manufacture of metal structures and parts of structures” and is based in Walton on Thames; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25110Manufacture of metal structures and parts of structures

Status: Active
Location: Walton on Thames, London
Age: 25 yrs · since 2001
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: “Whelan & Grant (Holdings) Limited”

Latest accounts · year to 30 Jun 2025

Key figures

Capital-lightOperating leverage

Revenue

£8.6m

Growth ▲38.1%

Profit

£291k

Growth ▲1241%

Profit margin

3.4%

Employees

Change 0%

Profit / employee

£6.8k

Revenue/employee £200k

Profitable streak

2yrs

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	30 Jun 2022	30 Jun 2023	30 Jun 2024	30 Jun 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£6.1m	£3.7m	£6.2m	£8.6m
Operating profit	−£233k	−£1.4m	£150	£282k
Profit before tax	−£230k	−£1.4m	£20.6k	£295k
Profit after tax	−£189k	−£1.3m	£21.7k	£291k
Profit (best available)	−£189k	−£1.3m	£21.7k	£291k
Staff costs	£2m	£2.1m	£2.3m	£2.4m
Employees (average)	41	41	43	43
Ratios
Profit margin	−3.1%	−36.1%	0.4%	3.4%
Revenue per employee	£148k	£91.1k	£145k	£200k
Profit per employee	−£4.6k	−£32.9k	£505	£6.8k
Growth (year on year)
Revenue growth	—	▼38.6%	▲66.8%	▲38.1%
Profit growth	—	—	—	▲1241%
Headcount growth	—	0%	▲4.9%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.3m	£1.6m	£683k	£1.4m
Net assets	£3.6m	£2.1m	£2.1m	£2.4m
Fixed assets	£100k	£45.8k	£36.4k	£51.5k
Current assets	£4m	£2.6m	£2.6m	£3m
Debtors	£287k	£267k	£367k	£238k
Deferred income	£153k	£145k	£145k	£170k
Source	Accounts · bulk data Mar 2024	Accounts · bulk data Mar 2024	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 3.4%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £200k; Revenue ÷ average employees.
Profit per employee: £6.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 2.8%; 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: ▲14%; Now £2.4m
Cash at bank: ▲112%; Now £1.4m
Headcount: 0%; Now 43
Deferred income: ▲17%; Now £170k
Fixed assets: ▲41%; Now £51.5k

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

Whelan & Grant (Holdings) Limitedultimate parent75–100%
Pad Contracts Limitedthis company

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

Sister companies (1)

Whelan & Grant (Contractors) LimitedRev. £12.1m · Profit £344k

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Jun 2025 (profit £291k), from the Companies House accounts bulk data published Dec 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.