How much does H G Walter Limited make?

H G Walter Limited reported revenue of £55.6m and £3m profit in the year to 30 Sep 2025, according to its accounts filed at Companies House.

How many employees does H G Walter Limited have?

H G Walter Limited reported an average of 206 employees in the year to 30 Sep 2025.

Is H G Walter Limited profitable?

Yes — H G Walter Limited reported a profit of £3m in the year to 30 Sep 2025.

Company No. 07632944 · Incorporated 13 May 2011

H G Walter Limited

Registered name: H G WALTER LIMITED

H G Walter Limited made £55.6m revenue and £3m profit in the year to 30 Sep 2025.

H G Walter Limited’s revenue grew 15% to £55.6m in the year to 30 Sep 2025, with £3m profit and 206 employees. The company is classified under “processing and preserving of meat” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 10110Processing and preserving of meat SIC 10130Production of meat and poultry meat products SIC 46320Wholesale of meat and meat products SIC 47220Retail sale of meat and meat products in specialised stores

Status: Active
Location: London, London
Age: 15 yrs · since 2011
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: “Heanen family”

Latest accounts · year to 30 Sep 2025

Key figures

Cash flow filed

Revenue

£55.6m

Growth ▲15.1%

Profit

£3m

Growth ▲0.4%

Profit margin

5.4%

Gross 25.9%

Employees

206

Change ▲16.4%

Profit / employee

£14.6k

Revenue/employee £270k

Profitable streak

4yrs

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	30 Sep 2022	30 Sep 2023	30 Sep 2024	30 Sep 2025
Disclosure	Full P&Lread from filing text	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£34.9m	£42.9m	£48.3m	£55.6m
Cost of sales	£22.3m	£26.6m	£30.6m	£41.2m
Gross profit	£12.6m	£16.3m	£17.8m	£14.4m
Operating profit	£3.6m	£5.1m	£4m	£4.1m
Profit before tax	£3.6m	£5.1m	£4.2m	£4.1m
Profit after tax	£2.9m	£3.9m	£3m	£3m
Profit (best available)	£2.9m	£3.9m	£3m	£3m
Staff costs	£5.7m	£7.5m	£8.5m	£10.1m
Employees (average)	138	161	177	206
Ratios
Profit margin	8.3%	9.2%	6.2%	5.4%
Gross margin	36%	37.9%	36.8%	25.9%
Revenue per employee	£253k	£266k	£273k	£270k
Profit per employee	£20.9k	£24.4k	£16.9k	£14.6k
Cash conversion	−88%	−102.9%	86.7%	197.5%
Growth (year on year)
Revenue growth	—	▲22.8%	▲12.8%	▲15.1%
Profit growth	—	▲35.9%	▼23.9%	▲0.4%
Headcount growth	—	▲16.7%	▲9.9%	▲16.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.5m	£6.1m	£4.4m	£1m
Net assets	£5.2m	£7.7m	£9.8m	£11.6m
Fixed assets	£2.3m	£2.4m	£5.2m	£16.6m
Current assets	£8.3m	£11.4m	£12m	£11m
Debtors	£3.7m	£4m	£4.9m	£5.4m
Deferred income	£245k	£162k	£539k	£835k
Cash from operations	−£3.2m	−£5.3m	£3.5m	£8.2m
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Feb 2025	FullAccounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: 5.4%; Profit ÷ revenue.
Gross margin: 25.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £270k; Revenue ÷ average employees.
Profit per employee: £14.6k; Profit ÷ average employees.
Cash conversion: 197.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 29.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.8%; 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: ▲19%; Now £11.6m
Cash at bank: ▼77%; Now £1m
Headcount: ▲16%; Now 206
Deferred income: ▲55%; Now £835k
Fixed assets: ▲217%; Now £16.6m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal 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 30 Sep 2025 (profit £3m), from the Companies House accounts bulk data published May 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.