How much does Thameswey Developments Limited make?

Thameswey Developments Limited reported revenue of £74.3m and £1.2m profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Thameswey Developments Limited have?

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

Is Thameswey Developments Limited profitable?

Yes — Thameswey Developments Limited reported a profit of £1.2m in the year to 31 Mar 2024.

Company No. 06646380 · Incorporated 15 Jul 2008

Thameswey Developments Limited

Registered name: THAMESWEY DEVELOPMENTS LIMITED

Part of Woking Borough Council group

Thameswey Developments Limited made £74.3m revenue and £1.2m profit in the year to 31 Mar 2024.

Thameswey Developments Limited’s revenue was £74.3m in the year to 31 Mar 2024, with £1.2m profit 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 41201Construction of commercial buildings

Status: Active
Location: London, London
Age: 18 yrs · since 2008
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

£74.3m

Growth —

Profit

£1.2m

Growth —

Profit margin

1.6%

Gross 3.5%

Employees

Change —

Profit / employee

—

Profitable streak

1yr

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)	£50.6m	£39.7m	£74.3m
Cost of sales	£49.5m	£43.4m	£71.7m
Gross profit	£1.1m	−£3.7m	£2.6m
Operating profit	−£3.5m	−£5.1m	£2m
Profit before tax	−£4.3m	−£6.3m	£1.2m
Profit after tax	−£4.3m	−£6.3m	£1.2m
Profit (best available)	−£4.3m	−£6.3m	£1.2m
Employees (average)	0	0	0
Ratios
Profit margin	−8.4%	−15.9%	1.6%
Gross margin	2.2%	−9.2%	3.5%
Cash conversion	—	—	304.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.5m	£3.5m	£9.7m
Net assets	−£9.8m	−£16.1m	−£14.9m
Fixed assets	£9.4m	£7.3m	£15.7m
Current assets	£129m	£39.4m	£38.8m
Debtors	£101k	£7.4k	£23.4k
Deferred income	£7.1m	£10.4m	£7.9m
Cash from operations	−£17.8m	£1.4m	£6m
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: 1.6%; Profit ÷ revenue.
Gross margin: 3.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: 304.3%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 21.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 10.6%; 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: —; Now −£14.9m
Cash at bank: —; Now £9.7m
Headcount: —; Now 0
Deferred income: —; Now £7.9m
Fixed assets: —; Now £15.7m

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 Developments Limitedthis company

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

Subsidiaries (1)

The Reeds Manco LtdFigures not disclosed

Sister companies (8)

Thameswey Housing LimitedRev. £13.9m · Profit −£121m
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).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £1.2m), 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.