How much does Walters Asset Management Limited make?

Walters Asset Management Limited reported revenue of £12.7m and £2.9m profit in the year to 28 Feb 2025, according to its accounts filed at Companies House.

How many employees does Walters Asset Management Limited have?

Walters Asset Management Limited reported an average of 2 employees in the year to 28 Feb 2025.

Is Walters Asset Management Limited profitable?

Yes — Walters Asset Management Limited reported a profit of £2.9m in the year to 28 Feb 2025.

Company No. 06236495 · Incorporated 3 May 2007

Walters Asset Management Limited

Registered name: WALTERS ASSET MANAGEMENT LIMITED

Part of G. Walters (Holdings) Limited group

Walters Asset Management Limited made £12.7m revenue and £2.9m profit in the year to 28 Feb 2025.

Walters Asset Management Limited’s revenue fell 20% to £12.7m in the year to 28 Feb 2025, with £2.9m profit and 2 employees. The company is classified under “other specialised construction activities” and is based in Hirwaun; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43999Other specialised construction activities n.e.c.SIC 64910Financial leasing SIC 77320Renting and leasing of construction and civil engineering machinery and equipment

Status: Active
Location: Hirwaun, Wales
Age: 19 yrs · since 2007
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 28 Feb 2025

Key figures

Small teamBoring industry

Revenue

£12.7m

Growth ▼20%

Profit

£2.9m

Growth ▼20.1%

Profit margin

22.9%

Gross 27.3%

Employees

Change 0%

Profit / employee

£1.5m

Revenue/employee £6.4m

Profitable streak

3yrs

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	28 Feb 2022	28 Feb 2023	29 Feb 2024	28 Feb 2025
Disclosure	No P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£11.6m	£15.9m	£12.7m
Cost of sales	—	£8.4m	£11.5m	£9.3m
Gross profit	—	£3.2m	£4.5m	£3.5m
Profit before tax	—	£3.3m	£4.8m	£3.9m
Profit after tax	—	£2.6m	£3.7m	£2.9m
Profit (best available)	—	£2.6m	£3.7m	£2.9m
Employees (average)	2	2	2	2
Ratios
Profit margin	—	22.7%	23%	22.9%
Gross margin	—	27.6%	28%	27.3%
Revenue per employee	—	£5.8m	£8m	£6.4m
Profit per employee	—	£1.3m	£1.8m	£1.5m
Growth (year on year)
Revenue growth	—	—	▲36.8%	▼20%
Profit growth	—	—	▲38.6%	▼20.1%
Headcount growth	—	0%	0%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.1m	£5.3m	£10.3m	£12.5m
Net assets	£809k	£3.4m	£7.1m	£10m
Current assets	£1.8m	£7.1m	£11.6m	£14.6m
Debtors	£707k	£1.9m	£0	£1k
Deferred income	—	£2m	£1.5m	£1.4m
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Nov 2025

Derived from the latest filing

How the business works

Profit margin: 22.9%; Profit ÷ revenue.
Gross margin: 27.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £6.4m; Revenue ÷ average employees.
Profit per employee: £1.5m; 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: 10.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; 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: ▲41%; Now £10m
Cash at bank: ▲22%; Now £12.5m
Headcount: 0%; Now 2
Deferred income: ▼9%; Now £1.4m
Fixed assets: —; Now —

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

G. Walters (Holdings) Limitedultimate parent75–100%
Walters Asset Management Limitedthis company

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

Sister companies (7)

Walters Resources LimitedRev. £40m · Profit £2m
G. Walters (Leasing) LimitedFigures not disclosed
Headaway (Europe) LimitedFigures not disclosed
Walters Environmental LimitedFigures not disclosed
Walters Land LimitedRev. — · Profit £2.1m
Walters Plant Hire LimitedRev. — · Profit £6.5m
Walters Residential LimitedRev. — · Profit −£75.4k

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 28 Feb 2025 (profit £2.9m), from the Companies House accounts bulk data published Nov 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.