How much does Waitings Limited make?

Waitings Limited reported revenue of £25.1m and £5.7m profit in the year to 30 Sep 2023, according to its accounts filed at Companies House.

How many employees does Waitings Limited have?

Waitings Limited reported an average of 66 employees in the year to 30 Sep 2023.

Is Waitings Limited profitable?

Yes — Waitings Limited reported a profit of £5.7m in the year to 30 Sep 2023.

Company No. 04415135 · Incorporated 11 Apr 2002

Waitings Limited

Registered name: WAITINGS LIMITED

Part of Waitings Holdings Limited group

Waitings Limited made £25.1m revenue and £5.7m profit in the year to 30 Sep 2023. read from filing text

Waitings Limited’s revenue grew 51% to £25.1m in the year to 30 Sep 2023, with £5.7m profit and 66 employees. The company is classified under “construction of other civil engineering projects” and is based in Penrith; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 42990Construction of other civil engineering projects n.e.c.

Status: Active
Location: Penrith, North West
Age: 24 yrs · since 2002
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 30 Sep 2023

Key figures

Operating leverageCash flow filed

Revenue

£25.1m

Growth ▲50.8%

Profit

£5.7m

Growth ▲303.8%

Profit margin

22.9%

Gross 36.6%

Employees

Change 0%

Profit / employee

£87.1k

Revenue/employee £380k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Sep 2022	30 Sep 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£16.6m	£25.1m
Cost of sales	£12.3m	£15.9m
Gross profit	£4.3m	£9.2m
Operating profit	£2.1m	£7m
Profit before tax	£1.9m	£7.2m
Profit after tax	£1.4m	£5.7m
Profit (best available)	£1.4m	£5.7m
Staff costs	£3.7m	£3.7m
Employees (average)	66	66
Ratios
Profit margin	8.6%	22.9%
Gross margin	25.9%	36.6%
Revenue per employee	£252k	£380k
Profit per employee	£21.6k	£87.1k
Cash conversion	−243.9%	−87.7%
Growth (year on year)
Revenue growth	—	▲50.8%
Profit growth	—	▲303.8%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£5.3m	£8.8m
Net assets	£14.6m	£20.1m
Fixed assets	£8.7m	£9.3m
Current assets	£11.7m	£16.6m
Debtors	£2.7m	£1.6m
Deferred income	£99.8k	£85.7k
Cash from operations	−£5m	−£6.1m
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024

Derived from the latest filing

How the business works

Profit margin: 22.9%; Profit ÷ revenue.
Gross margin: 36.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £380k; Revenue ÷ average employees.
Profit per employee: £87.1k; Profit ÷ average employees.
Cash conversion: −87.7%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 37.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.4%; 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: ▲38%; Now £20.1m
Cash at bank: ▲67%; Now £8.8m
Headcount: 0%; Now 66
Deferred income: ▼14%; Now £85.7k
Fixed assets: ▲7%; Now £9.3m

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

Waitings Holdings Limitedultimate parent75–100%
Waitings Limitedthis company

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

Sister companies (2)

Waitings Marineworks LimitedFigures not disclosed
Waitings Properties 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 30 Sep 2023 (profit £5.7m), from the Companies House accounts bulk data published Jun 2024. 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.