How much does Ward Thomas Removals Limited make?

Ward Thomas Removals Limited reported revenue of £7.3m and £916k profit in the year to 30 Sep 2025, according to its accounts filed at Companies House.

How many employees does Ward Thomas Removals Limited have?

Ward Thomas Removals Limited reported an average of 60 employees in the year to 30 Sep 2025.

Is Ward Thomas Removals Limited profitable?

Yes — Ward Thomas Removals Limited reported a profit of £916k in the year to 30 Sep 2025.

Company No. 05167541 · Incorporated 1 Jul 2004

Ward Thomas Removals Limited

Registered name: WARD THOMAS REMOVALS LIMITED

Ward Thomas Removals Limited made £7.3m revenue and £916k profit in the year to 30 Sep 2025.

Ward Thomas Removals Limited’s revenue fell 49% to £7.3m in the year to 30 Sep 2025, with £916k profit and 60 employees. The company is classified under “removal services”; we hold 4 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49420Removal services

Status: Active
Location: London
Age: 22 yrs · since 2004
Type: Private Limited Company

Latest accounts · year to 30 Sep 2025

Key figures

IndependentCapital-lightBoring industryCash flow filed

Revenue

£7.3m

Growth ▼49.3%

Profit

£916k

Growth —

Profit margin

12.6%

Gross 53.5%

Employees

Change ▼53.5%

Profit / employee

£15.3k

Revenue/employee £121k

Profitable streak

1yr

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 Sep 2022	30 Sep 2023	30 Sep 2024	30 Sep 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£30.6m	£33.9m	£14.4m	£7.3m
Cost of sales	£16.5m	£17.9m	£7.1m	£3.4m
Gross profit	£14.1m	£16m	£7.3m	£3.9m
Operating profit	£6.1m	£5.8m	£2m	£915k
Profit before tax	£5.5m	£5.8m	−£1.3m	£901k
Profit after tax	£4.4m	£4.7m	−£1.3m	£916k
Profit (best available)	£4.4m	£4.7m	−£1.3m	£916k
Staff costs	£11.7m	£13.2m	£5.5m	£2.5m
Employees (average)	299	305	129	60
Ratios
Profit margin	14.4%	13.8%	−9%	12.6%
Gross margin	46%	47.2%	50.6%	53.5%
Revenue per employee	£102k	£111k	£111k	£121k
Profit per employee	£14.8k	£15.3k	−£10k	£15.3k
Cash conversion	−37.2%	−71.3%	−710.1%	80.4%
Growth (year on year)
Revenue growth	—	▲10.8%	▼57.6%	▼49.3%
Profit growth	—	▲5.7%	▼127.6%	—
Headcount growth	—	▲2%	▼57.7%	▼53.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.9m	£1.7m	£1.6m	£800k
Net assets	£24.1m	£27.8m	£9.1m	£10m
Fixed assets	£4.1m	£5.5m	£566k	£400k
Current assets	£27.5m	£29.9m	£18.8m	£20.3m
Debtors	£5.4m	£5.5m	£383k	£471k
Deferred income	£2.4m	£2.7m	£2m	£1.5m
Cash from operations	−£2.3m	−£4.2m	−£14.4m	£736k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Aug 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 12.6%; Profit ÷ revenue.
Gross margin: 53.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £121k; Revenue ÷ average employees.
Profit per employee: £15.3k; Profit ÷ average employees.
Cash conversion: 80.4%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 20.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6.5%; 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: ▲10%; Now £10m
Cash at bank: ▼51%; Now £800k
Headcount: ▼53%; Now 60
Deferred income: ▼27%; Now £1.5m
Fixed assets: ▼29%; Now £400k

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

Subsidiaries (2)

Lawrence Astridge Removals LimitedFigures not disclosed
Moves Group 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 2025 (profit £916k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 24 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.