How much does Thameswey Housing Limited make?

Thameswey Housing Limited reported revenue of £13.9m and a loss of £121m in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Thameswey Housing Limited have?

Thameswey Housing Limited reported an average of 0 employees in the year to 31 Mar 2024.

Is Thameswey Housing Limited profitable?

No — Thameswey Housing Limited reported a loss of £121m in the year to 31 Mar 2024.

Company No. 05437166 · Incorporated 27 Apr 2005

Thameswey Housing Limited

Registered name: THAMESWEY HOUSING LIMITED

Part of Woking Borough Council group

Thameswey Housing Limited made £13.9m revenue and a £121m loss in the year to 31 Mar 2024.

Thameswey Housing Limited’s revenue was £13.9m in the year to 31 Mar 2024, with a loss of £121m and 0 employees. The company is classified under “development of building projects” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects SIC 68201Renting and operating of Housing Association real estate

Status: Active
Location: London, London
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.

Latest accounts · year to 31 Mar 2024

Key figures

Small teamCash flow filed

Revenue

£13.9m

Growth —

Profit

−£121m

Growth —

Profit margin

−871.8%

Gross 78.1%

Employees

Change —

Profit / employee

—

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£19.8m	£15.6m	£13.9m
Cost of sales	£11.8m	£4.8m	£3m
Gross profit	£7.9m	£10.8m	£10.9m
Operating profit	£3.2m	−£12.3m	−£106m
Profit before tax	−£8.5m	−£30m	−£121m
Profit after tax	−£8.5m	−£30m	−£121m
Profit (best available)	−£8.5m	−£30m	−£121m
Employees (average)	0	0	0
Ratios
Profit margin	−43%	−192%	−871.8%
Gross margin	40.1%	69.3%	78.1%
Cash conversion	−284.1%	—	—
Balance sheet — indirect signals, not revenue
Cash at bank	£2.2m	£3.5m	£8.2m
Net assets	£17.9m	−£12.1m	−£133m
Fixed assets	£394m	£413m	£384m
Current assets	£82.2m	£65.2m	£60.3m
Debtors	£79.1k	£140k	£199k
Deferred income	£48.1m	£27.1m	£59.5m
Cash from operations	−£9m	−£16.2m	£23.8m
Source	Accounts · bulk data Mar 2024	Accounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2025

Derived from the latest filing

How the business works

Profit margin: −871.8%; Profit ÷ revenue.
Gross margin: 78.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2761%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 428%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.4%; 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: —; Now −£133m
Cash at bank: —; Now £8.2m
Headcount: —; Now 0
Deferred income: —; Now £59.5m
Fixed assets: —; Now £384m

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

Woking Borough Council (registered outside the UK register)ultimate parent75–100%
Thameswey Limited75–100%
Thameswey Housing Limitedthis company

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

Subsidiaries (3)

Thameswey Guest Houses LimitedRev. £513k · Profit £163k
Rutland Woking (Residential) LimitedFigures not disclosed
Thorsden Court (Woking) Association LimitedFigures not disclosed

Sister companies (8)

Thameswey Developments LimitedRev. £74.3m · Profit £1.2m
Thameswey Sustainable Communities LimitedRev. £8m · Profit £84.6k
Thameswey Energy LimitedRev. £7.6m · Profit −£3.2m
Thameswey Maintenance Services LimitedLiquidationRev. £3.5k · Profit −£983
Thameswey Commercial LimitedFigures not disclosed
Thameswey Housing Management LimitedFigures not disclosed
Thameswey Maybury Lodge LimitedFigures not disclosed
Thameswey Solar LimitedLiquidationRev. — · Profit −£870

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit −£121m), from the Companies House accounts bulk data published Mar 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.