How much does Westlab Ltd make?

Westlab Ltd reported revenue of £10.9m and £410k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Westlab Ltd have?

Westlab Ltd reported an average of 53 employees in the year to 31 Dec 2023.

Is Westlab Ltd profitable?

Yes — Westlab Ltd reported a profit of £410k in the year to 31 Dec 2023.

Company No. 05214492 · Incorporated 25 Aug 2004

Westlab Ltd

Registered name: WESTLAB LTD

Part of Lowry Trading Ltd group

Westlab Ltd made £10.9m revenue and £410k profit in the year to 31 Dec 2023.

Westlab Ltd’s revenue grew 3% to £10.9m in the year to 31 Dec 2023, with £410k profit and 53 employees. The company is classified under “other human health activities” and is based in Prescot; we hold 2 years of its filed accounts.

Full P&L filedSection Q · Human health and social workSIC 86900Other human health activities

Status: Active
Location: Prescot, North West
Age: 22 yrs · since 2004
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: “The immediate and ultimate parent company is Lowry Trading Limited, a Company incorporated in the United Kingdom and registered in England and Wales. The ultimate parent undertaking is The Scott Fletc”

Latest accounts · year to 31 Dec 2023

Key figures

Capital-lightDoing more with less

Revenue

£10.9m

Growth ▲2.6%

Profit

£410k

Growth —

Profit margin

3.8%

Gross 38.3%

Employees

Change ▼8.6%

Profit / employee

£7.7k

Revenue/employee £206k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10.7m	£10.9m
Cost of sales	£7.9m	£6.7m
Gross profit	£2.7m	£4.2m
Operating profit	−£757k	£818k
Profit before tax	−£889k	£575k
Profit after tax	−£830k	£410k
Profit (best available)	−£830k	£410k
Staff costs	£1.9m	£1.8m
Employees (average)	58	53
Ratios
Profit margin	−7.8%	3.8%
Gross margin	25.6%	38.3%
Revenue per employee	£184k	£206k
Profit per employee	−£14.3k	£7.7k
Growth (year on year)
Revenue growth	—	▲2.6%
Headcount growth	—	▼8.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£15k	£25.3k
Net assets	£256k	£667k
Fixed assets	£722k	£626k
Current assets	£3.7m	£4.5m
Debtors	£1.4m	£3m
Deferred income	£346k	£899k
Source	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Nov 2024

Derived from the latest filing

How the business works

Profit margin: 3.8%; Profit ÷ revenue.
Gross margin: 38.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £206k; Revenue ÷ average employees.
Profit per employee: £7.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 27%; 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: ▲160%; Now £667k
Cash at bank: ▲69%; Now £25.3k
Headcount: ▼9%; Now 53
Deferred income: ▲160%; Now £899k
Fixed assets: ▼13%; Now £626k

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

Lowry Trading Ltdultimate parent75–100%
Westlab Ltdthis company

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

Subsidiaries (1)

SPL Cobham LimitedLiquidationFigures not disclosed

Sister companies (4)

Fenchurch Recovery SPV LimitedFigures not disclosed
Lowry (Penrhyn Point) LimitedFigures not disclosed
Lowry Sa LimitedFigures not disclosed
Project Nearshore 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 2023 (profit £410k), from the Companies House accounts bulk data published Nov 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.