West One Loan Limited
Registered name: WEST ONE LOAN LIMITED
Part of Eclipse Topco Limited groupWest One Loan Limited made £41.9m profit in the year to 31 Dec 2025 (revenue not disclosed).
West One Loan Limited reported £41.9m profit in the year to 31 Dec 2025, up 33% on the year before; its revenue was not disclosed. It had 35 employees. The company is classified under “activities of mortgage finance companies” and is based in Watford; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Watford, East of England
- Age
- 21 yrs · since 2005
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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: “Enra Specialist Finance Limited”
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Profit only | Profit only |
| Profit & loss | ||||
| Revenue (turnover) | £53.6m | £65.4m | — | — |
| Cost of sales | £19.7m | £31.2m | — | — |
| Gross profit | £33.9m | £34.2m | — | — |
| Operating profit | £27.4m | £28m | £31.6m | £42.2m |
| Profit before tax | £27.4m | £28m | — | — |
| Profit after tax | £25.3m | £27.8m | £31.5m | £41.9m |
| Profit (best available) | £25.3m | £27.8m | £31.5m | £41.9m |
| Staff costs | £1.9m | £1.7m | £1.2m | £3.4m |
| Employees (average) | 26 | 25 | 19 | 35 |
| Ratios | ||||
| Profit margin | 47.2% | 42.5% | — | — |
| Gross margin | 63.3% | 52.3% | — | — |
| Revenue per employee | £2.1m | £2.6m | — | — |
| Profit per employee | £972k | £1.1m | £1.7m | £1.2m |
| Growth (year on year) | ||||
| Revenue growth | — | ▲22.1% | — | — |
| Profit growth | — | ▲9.9% | ▲13.4% | ▲33.1% |
| Headcount growth | — | ▼3.9% | ▼24% | ▲84.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £9.2m | £4.5m | £6.3m | £11.3m |
| Net assets | £63.8m | £61.6m | £88.1m | £105m |
| Fixed assets | £101 | £101 | — | — |
| Current assets | £359m | £367m | — | — |
| Debtors | £356m | £355m | £24.6m | £7.7m |
| Deferred income | £855k | £1m | £3.3m | £3.2m |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data May 2026 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- £1.2m
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- ▲19%
- Now £105m
- Cash at bank
- ▲78%
- Now £11.3m
- Headcount
- ▲84%
- Now 35
- Deferred income
- ▼0%
- Now £3.2m
- Fixed assets
- —
- Now —
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Eclipse Topco Limitedultimate parent75–100%
- Eclipse Midco Limited75–100%
- Eclipse Financing Limited75–100%
- Enra Specialist Finance Limited75–100%
- West One Loan Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- West One Bridging LimitedFigures not disclosed
- West One Capital LimitedFigures not disclosed
Sister companies (8)
- Aria Finance LimitedFigures not disclosed
- Enra Development Bond Co LimitedFigures not disclosed
- Enra GP LimitedFigures not disclosed
- Enra Trustee LimitedFigures not disclosed
- Watford Construction LimitedFigures not disclosed
- West One Commercial Mortgages LimitedRev. — · Profit £876k
- West One Development Finance Holdings LimitedFigures not disclosed
- West One Secured Loans Holdings LimitedRev. — · Profit £5m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £41.9m), from the Companies House accounts bulk data published May 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.