How much does Wasco Coatings UK Ltd make?

Wasco Coatings UK Ltd reported revenue of £30.1m and a loss of £11.6m in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Wasco Coatings UK Ltd have?

Wasco Coatings UK Ltd reported an average of 60 employees in the year to 31 Dec 2025.

Is Wasco Coatings UK Ltd profitable?

No — Wasco Coatings UK Ltd reported a loss of £11.6m in the year to 31 Dec 2025.

Company No. 06521624 · Incorporated 3 Mar 2008

Wasco Coatings UK Ltd

Registered name: WASCO COATINGS UK LTD

Wasco Coatings UK Ltd made £30.1m revenue and a £11.6m loss in the year to 31 Dec 2025.

Wasco Coatings UK Ltd’s revenue grew 46% to £30.1m in the year to 31 Dec 2025, with a loss of £11.6m and 60 employees. The company is classified under “treatment and coating of metals” and is based in Hartlepool; we hold 5 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25610Treatment and coating of metals

Status: Active
Location: Hartlepool, North East
Age: 18 yrs · since 2008
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 ultimate parent company at the balance sheet date is Wasco Berhad, a company incorporated in Malaysia and listed on the Main Market of Bursa Malaysia Securities Berhad.”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightDoing more with less

Revenue

£30.1m

Growth ▲46.4%

Profit

−£11.6m

Growth —

Profit margin

−38.4%

Gross 1.4%

Employees

Change ▼11.8%

Profit / employee

−£193k

Revenue/employee £502k

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.

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Profit only	Profit only	Profit only	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	—	—	£20.5m	£30.1m
Cost of sales	—	—	—	£17.6m	£29.7m
Gross profit	—	—	—	£2.9m	£405k
Operating profit	—	—	—	−£4.3m	−£5.9m
Profit before tax	—	—	—	−£4.5m	−£11.6m
Profit after tax	−£853k	−£2.4m	−£2.6m	−£4.5m	−£11.6m
Profit (best available)	−£853k	−£2.4m	−£2.6m	−£4.5m	−£11.6m
Staff costs	—	—	—	£6.2m	£5.7m
Employees (average)	21	32	32	68	60
Ratios
Profit margin	—	—	—	−21.8%	−38.4%
Gross margin	—	—	—	14.1%	1.4%
Revenue per employee	—	—	—	£302k	£502k
Profit per employee	−£40.6k	−£75.7k	−£80.5k	−£65.8k	−£193k
Growth (year on year)
Revenue growth	—	—	—	—	▲46.4%
Headcount growth	—	▲52.4%	0%	▲112.5%	▼11.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£66.4k	£189k	£164k	£1.8m	£1.2m
Net assets	−£236k	−£2.7m	−£5.2m	−£9.7m	−£21.3m
Fixed assets	£1.9m	£1.8m	£2.3m	£5.5m	£1.1m
Current assets	£914k	£696k	£9.1m	£13.8m	£2.9m
Debtors	£426k	£0	£590k	£3m	£40.1k
Deferred income	£128k	£215k	£6.9m	£6.9m	£229k
Source	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Nov 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −38.4%; Profit ÷ revenue.
Gross margin: 1.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £502k; Revenue ÷ average employees.
Profit per employee: −£193k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.1%; 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 −£21.3m
Cash at bank: ▼35%; Now £1.2m
Headcount: ▼12%; Now 60
Deferred income: ▼97%; Now £229k
Fixed assets: ▼80%; Now £1.1m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£11.6m), from the Companies House accounts bulk data published Sep 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.