Westgate House Developments Limited
Registered name: WESTGATE HOUSE DEVELOPMENTS LIMITED
Westgate House Developments Limited made £20k revenue and a £1.5m loss in the year to 31 Dec 2024. read from filing text
Westgate House Developments Limited’s revenue fell 94% to £20k in the year to 31 Dec 2024, with a loss of £1.5m and 2,023 employees. The company is classified under “development of building projects” and is based in Loughton; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Loughton, London
- Age
- 10 yrs · since 2016
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £313k | £20k |
| Cost of sales | £310k | £690k |
| Gross profit | £3.2k | −£670k |
| Operating profit | £1.4m | £533k |
| Profit before tax | −£513k | −£1.5m |
| Profit (best available) | −£513k | −£1.5m |
| Employees (average) | — | 2,023 |
| Ratios | ||
| Profit margin | −163.9% | −7368% |
| Gross margin | 1% | −3352% |
| Revenue per employee | — | £10 |
| Profit per employee | — | −£728 |
| Growth (year on year) | ||
| Revenue growth | — | ▼93.6% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.7m | £1.8m |
| Net assets | £10.8m | £9.4m |
| Source | FullAccounts · bulk data Apr 2025 | FullAccounts · bulk data Apr 2025 |
How the business works
- Profit margin
- −7368%
- Profit ÷ revenue.
- Gross margin
- −3352%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £10
- Revenue ÷ average employees.
- Profit per employee
- −£728
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- ▼13%
- Now £9.4m
- Cash at bank
- ▲10%
- Now £1.8m
- Headcount
- —
- Now 2,023
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Minority corporate shareholders
- C J O'Shea Group Limited 25–50%
- Galliard Developments Limited 25–50%
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£1.5m), from the Companies House accounts bulk data published Apr 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.