Watson Gym Equipment Ltd
Registered name: WATSON GYM EQUIPMENT LTD
Part of Watson Gym Holdings Limited groupWatson Gym Equipment Ltd made £13.2m revenue and £1m profit in the year to 30 Jun 2025.
Watson Gym Equipment Ltd’s revenue grew 31% to £13.2m in the year to 30 Jun 2025, with £1m profit and 100 employees. The company is classified under “manufacture of other special-purpose machinery” and is based in Frome; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Frome, South West
- Age
- 19 yrs · since 2007
- 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: “Watson Gym Holdings Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2022 | 30 Jun 2023 | 30 Jun 2024 | 30 Jun 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £7.7m | £9m | £10.1m | £13.2m |
| Cost of sales | £4.9m | £6.3m | £6.2m | £8.5m |
| Gross profit | £2.8m | £2.6m | £3.9m | £4.7m |
| Operating profit | — | £851k | £1.7m | £1.4m |
| Profit before tax | £1.3m | £777k | £1.7m | £1.2m |
| Profit after tax | £932k | £644k | £1.3m | £1m |
| Profit (best available) | £932k | £644k | £1.3m | £1m |
| Staff costs | £2m | £2.3m | £2.9m | £4.4m |
| Employees (average) | 62 | 71 | 85 | 100 |
| Ratios | ||||
| Profit margin | 12.2% | 7.2% | 12.8% | 7.6% |
| Gross margin | 36.3% | 29.4% | 38.8% | 35.9% |
| Revenue per employee | £124k | £126k | £119k | £132k |
| Profit per employee | £15k | £9.1k | £15.2k | £10.1k |
| Cash conversion | — | 169.7% | 120.2% | −101.7% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲16.8% | ▲12.9% | ▲30.6% |
| Profit growth | — | ▼30.9% | ▲100.3% | ▼21.7% |
| Headcount growth | — | ▲14.5% | ▲19.7% | ▲17.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £538k | £906k | £1.7m | £1.7m |
| Net assets | £3.1m | £3.3m | £4.2m | £4.7m |
| Fixed assets | £2.9m | £2.7m | £2.8m | £2.6m |
| Current assets | £5m | £5.5m | £7.1m | £7.6m |
| Debtors | £163k | £98.5k | £64.9k | £283k |
| Deferred income | £1.3m | £1.6m | £2.5m | — |
| Cash from operations | £881k | £1.4m | £2.1m | −£1.4m |
| Source | Accounts · bulk data Mar 2024 | Accounts · bulk data Mar 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Mar 2026 |
How the business works
- Profit margin
- 7.6%
- Profit ÷ revenue.
- Gross margin
- 35.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £132k
- Revenue ÷ average employees.
- Profit per employee
- £10.1k
- Profit ÷ average employees.
- Cash conversion
- −101.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 19.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2.1%
- 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
- ▲12%
- Now £4.7m
- Cash at bank
- ▲0%
- Now £1.7m
- Headcount
- ▲18%
- Now 100
- Deferred income
- —
- Now —
- Fixed assets
- ▼7%
- Now £2.6m
Group structure
Ownership chain
- Watson Gym Holdings Limitedultimate parent75–100%
- Watson Gym Equipment Ltdthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Jun 2025 (profit £1m), from the Companies House accounts bulk data published Mar 2026. Spotted an error? Request a correction.
Updated from Companies House on 15 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.