How much does Watkins M & E Group Ltd make?

Watkins M & E Group Ltd reported revenue of £50.7m and £1m profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Watkins M & E Group Ltd have?

Watkins M & E Group Ltd reported an average of 178 employees in the year to 31 Mar 2025.

Is Watkins M & E Group Ltd profitable?

Yes — Watkins M & E Group Ltd reported a profit of £1m in the year to 31 Mar 2025.

Company No. 07818412 · Incorporated 20 Oct 2011

Watkins M & E Group Ltd

Registered name: WATKINS M & E GROUP LTD

Watkins M & E Group Ltd made £50.7m revenue and £1m profit in the year to 31 Mar 2025.

Watkins M & E Group Ltd’s revenue grew 34% to £50.7m in the year to 31 Mar 2025, with £1m profit and 178 employees. The company is classified under “other business support service activities” and is based in Ramsgate; we hold 4 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Ramsgate, South East
Age: 14 yrs · since 2011
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

IndependentCapital-lightDoing more with lessCash flow filed

Revenue

£50.7m

Growth ▲34.3%

Profit

£1m

Growth —

Profit margin

Gross 15.3%

Employees

178

Change ▼2.7%

Profit / employee

£5.7k

Revenue/employee £285k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£39.1m	£36.7m	£37.7m	£50.7m
Cost of sales	£30.4m	£30.1m	£31.9m	£43m
Gross profit	£8.7m	£6.7m	£5.8m	£7.7m
Operating profit	£2m	£222k	−£2.4m	£2.6m
Profit before tax	£2m	£257k	−£2.3m	£2.7m
Profit after tax	£1.5m	−£17.9k	−£2.3m	£1m
Profit (best available)	£1.5m	−£17.9k	−£2.3m	£1m
Staff costs	£10.6m	£10.4m	£8.6m	£10.2m
Employees (average)	188	190	183	178
Ratios
Profit margin	3.9%	−0.1%	−6.2%	2%
Gross margin	22.2%	18.1%	15.4%	15.3%
Revenue per employee	£208k	£193k	£206k	£285k
Profit per employee	£8k	−£94	−£12.7k	£5.7k
Cash conversion	−145.3%	−1147%	—	117%
Growth (year on year)
Revenue growth	—	▼6.1%	▲2.8%	▲34.3%
Profit growth	—	▼101.2%	—	—
Headcount growth	—	▲1.1%	▼3.7%	▼2.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.8m	£1.2m	£720k	£1.9m
Net assets	£6.5m	£6.4m	£4m	£5m
Fixed assets	£728k	£1.1m	£647k	£636k
Current assets	£6.6m	£6.5m	£4.1m	£5.1m
Debtors	£470k	£979k	£437k	£477k
Deferred income	£4.8k	£4.8k	£4.8k	£5.2k
Cash from operations	−£2.9m	−£2.5m	£1.1m	£3m
Source	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Jun 2025

Derived from the latest filing

How the business works

Profit margin: 2%; Profit ÷ revenue.
Gross margin: 15.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £285k; Revenue ÷ average employees.
Profit per employee: £5.7k; Profit ÷ average employees.
Cash conversion: 117%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.9%; 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: ▲24%; Now £5m
Cash at bank: ▲168%; Now £1.9m
Headcount: ▼3%; Now 178
Deferred income: ▲9%; Now £5.2k
Fixed assets: ▼2%; Now £636k

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

Subsidiaries (2)

C Watkins Plumbing LimitedRev. £50.7m · Profit £2m
Watkins Mechanical LtdFigures not disclosed

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 2025 (profit £1m), from the Companies House accounts bulk data published Jun 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.