How much does KW Special Projects Limited make?

KW Special Projects Limited reported revenue of £6.1m and a loss of £5.5m in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does KW Special Projects Limited have?

KW Special Projects Limited reported an average of 47 employees in the year to 31 Mar 2024.

Is KW Special Projects Limited profitable?

No — KW Special Projects Limited reported a loss of £5.5m in the year to 31 Mar 2024.

Company No. 07935897 · Incorporated 3 Feb 2012

KW Special Projects Limited

Registered name: KW SPECIAL PROJECTS LIMITED

Part of Abu Dhabi Government group

KW Special Projects Limited made £6.1m revenue and a £5.5m loss in the year to 31 Mar 2024.

KW Special Projects Limited’s revenue grew 31% to £6.1m in the year to 31 Mar 2024, with a loss of £5.5m and 47 employees. The company is classified under “engineering design activities for industrial process and production” and is based in Towcester; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 71121Engineering design activities for industrial process and production

Status: Active
Location: Towcester, East Midlands
Age: 14 yrs · since 2012
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.

Latest accounts · year to 31 Mar 2024

Key figures

Capital-lightCash flow filed

Revenue

£6.1m

Growth ▲30.9%

Profit

−£5.5m

Growth —

Profit margin

−90.8%

Gross −15.5%

Employees

Change ▲34.3%

Profit / employee

−£118k

Revenue/employee £130k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£8.4m	£4.7m	£6.1m
Cost of sales	£5m	£5.4m	£7m
Gross profit	£3.5m	−£785k	−£947k
Operating profit	£1.5m	−£8m	−£5.5m
Profit before tax	£1.5m	−£8m	−£5.5m
Profit after tax	£1.5m	−£8.1m	−£5.5m
Profit (best available)	£1.5m	−£8.1m	−£5.5m
Staff costs	£1.2m	£1.9m	£2.6m
Employees (average)	22	35	47
Ratios
Profit margin	17.3%	−174.9%	−90.8%
Gross margin	40.9%	−16.9%	−15.5%
Revenue per employee	£384k	£133k	£130k
Profit per employee	£66.5k	−£233k	−£118k
Cash conversion	98.2%	—	—
Growth (year on year)
Revenue growth	—	▼44.9%	▲30.9%
Profit growth	—	▼656.3%	—
Headcount growth	—	▲59.1%	▲34.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.1m	£876k	£168k
Net assets	£3m	−£5.1m	−£10.7m
Fixed assets	£194k	£294k	£461k
Current assets	£7.6m	£4.1m	£11.9m
Debtors	£1.7m	£1.4m	£17.3k
Deferred income	£3.6m	£2.5m	£495k
Cash from operations	£1.4m	−£1.1m	−£318k
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Nov 2024

Derived from the latest filing

How the business works

Profit margin: −90.8%; Profit ÷ revenue.
Gross margin: −15.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £130k; Revenue ÷ average employees.
Profit per employee: −£118k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.3%; 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 −£10.7m
Cash at bank: ▼81%; Now £168k
Headcount: ▲34%; Now 47
Deferred income: ▼81%; Now £495k
Fixed assets: ▲57%; Now £461k

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

Abu Dhabi Government (registered outside the UK register)ultimate parent75–100%
McLaren Group Holdings Limited75–100%
McLaren Automotive Holdings Limited75–100%
McLaren Automotive Limited75–100%
Hypercar Solutions Group Limited75–100%
KW Special Projects Limitedthis company

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

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 −£5.5m), from the Companies House accounts bulk data published Nov 2024. 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.