Workman Properties Limited
Registered name: WORKMAN PROPERTIES LIMITED
Workman Properties Limited made £102m revenue and £1m profit in the year to 27 Dec 2025.
Workman Properties Limited’s revenue grew 11% to £102m in the year to 27 Dec 2025, with £1m profit and 491 employees. The company is classified under “activities of head offices” and is based in Tewkesbury; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Tewkesbury, South West
- Age
- 13 yrs · since 2013
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 30 Dec 2023 | 28 Dec 2024 | 27 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £86.4m | £84.5m | £92.3m | £102m |
| Cost of sales | £62.2m | £59.5m | £64.8m | £74.1m |
| Gross profit | £24.2m | £25m | £27.5m | £28.2m |
| Operating profit | £3.7m | £3m | £3.4m | £2.5m |
| Profit before tax | £3.7m | £2.9m | £3.1m | £2.2m |
| Profit after tax | £1.2m | £785k | £926k | £1m |
| Profit (best available) | £1.2m | £785k | £926k | £1m |
| Staff costs | £21.9k | £79.2k | — | £22.6k |
| Employees (average) | 428 | 448 | 478 | 491 |
| Ratios | ||||
| Profit margin | 1.4% | 0.9% | 1% | 1% |
| Gross margin | 28% | 29.6% | 29.8% | 27.6% |
| Revenue per employee | £202k | £189k | £193k | £208k |
| Profit per employee | £2.9k | £1.8k | £1.9k | £2.1k |
| Cash conversion | 130.4% | 204.7% | 21.9% | 140.3% |
| Growth (year on year) | ||||
| Revenue growth | — | ▼2.2% | ▲9.2% | ▲10.8% |
| Profit growth | — | ▼36.7% | ▲17.9% | ▲11.2% |
| Headcount growth | — | ▲4.7% | ▲6.7% | ▲2.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £759k | £1.6m | £1.1m | £2.8m |
| Net assets | £7.8m | £8.4m | £8.7m | £9.2m |
| Fixed assets | £10.3m | £15.2m | £16m | £15.6m |
| Current assets | £1m | £1.8m | £1.2m | £2.8m |
| Debtors | £24.9k | £28.2k | £10m | £24.7k |
| Cash from operations | £4.9m | £6.2m | £736k | £3.5m |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | FullAccounts · bulk data Aug 2026 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 1%
- Profit ÷ revenue.
- Gross margin
- 27.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £208k
- Revenue ÷ average employees.
- Profit per employee
- £2.1k
- Profit ÷ average employees.
- Cash conversion
- 140.3%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 15.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- Money owed by customers. Low = customers pay quickly.
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
- ▲5%
- Now £9.2m
- Cash at bank
- ▲153%
- Now £2.8m
- Headcount
- ▲3%
- Now 491
- Deferred income
- —
- Now —
- Fixed assets
- ▼2%
- Now £15.6m
Group structure
Subsidiaries (1)
- Cotteswold Dairy LimitedRev. £102m · Profit £1.5m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 27 Dec 2025 (profit £1m), from the Companies House accounts bulk data published Aug 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.