How much does Waltham Forest Services Ltd make?

Waltham Forest Services Ltd reported revenue of £5.2m and a loss of £6.6k in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Waltham Forest Services Ltd have?

Waltham Forest Services Ltd reported an average of 106 employees in the year to 31 Mar 2025.

Is Waltham Forest Services Ltd profitable?

No — Waltham Forest Services Ltd reported a loss of £6.6k in the year to 31 Mar 2025.

Company No. 10912148 · Incorporated 11 Aug 2017

Waltham Forest Services Ltd

Registered name: WALTHAM FOREST SERVICES LTD

Part of The London Borough Of Waltham Forest group

Waltham Forest Services Ltd made £5.2m revenue and a £6.6k loss in the year to 31 Mar 2025.

Waltham Forest Services Ltd’s revenue fell 9% to £5.2m in the year to 31 Mar 2025, with a loss of £6.6k and 106 employees. The company is classified under “removal services” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49420Removal services SIC 81210General cleaning of buildings SIC 81222Specialised cleaning services SIC 96090Other service activities n.e.c.

Status: Active
Location: London, London
Age: 9 yrs · since 2017
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 2025

Key figures

Capital-lightBoring industryCash flow filed

Revenue

£5.2m

Growth ▼9.3%

Profit

−£6.6k

Growth ▼103.6%

Profit margin

−0.1%

Gross 33.8%

Employees

106

Change 0%

Profit / employee

−£63

Revenue/employee £48.7k

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.

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	No P&L	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	—	£5.7m	£5.2m
Cost of sales	—	—	£4m	£3.4m
Gross profit	—	—	£1.7m	£1.7m
Operating profit	—	—	£179k	−£64.9k
Profit before tax	—	—	£198k	£85.3k
Profit after tax	—	—	£184k	−£6.6k
Profit (best available)	—	—	£184k	−£6.6k
Staff costs	—	—	£3.5m	£3.7m
Employees (average)	197	140	106	106
Ratios
Profit margin	—	—	3.2%	−0.1%
Gross margin	—	—	29.2%	33.8%
Revenue per employee	—	—	£53.7k	£48.7k
Profit per employee	—	—	£1.7k	−£63
Cash conversion	—	—	109%	—
Growth (year on year)
Revenue growth	—	—	—	▼9.3%
Profit growth	—	—	—	▼103.6%
Headcount growth	—	▼28.9%	▼24.3%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£878k	£1.4m	£1.5m	£2.2m
Net assets	−£45.4k	£343k	£527k	£917k
Fixed assets	£58.3k	£41.7k	£76.7k	£69k
Current assets	£4.1m	£4.1m	£5.4m	£5.2m
Debtors	£2.6m	£2.3m	£3.5m	£2.5m
Deferred income	£1.5m	£1.8m	£1.8m	£301k
Cash from operations	—	—	£195k	£721k
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: −0.1%; Profit ÷ revenue.
Gross margin: 33.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £48.7k; Revenue ÷ average employees.
Profit per employee: −£63; Profit ÷ average employees.
Cash conversion: —; 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: 5.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 48.4%; 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: ▲74%; Now £917k
Cash at bank: ▲47%; Now £2.2m
Headcount: 0%; Now 106
Deferred income: ▼83%; Now £301k
Fixed assets: ▼10%; Now £69k

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

The London Borough Of Waltham Forest (registered outside the UK register)ultimate parent75–100%
Waltham Forest Services Ltdthis 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 2025 (profit −£6.6k), from the Companies House accounts bulk data published Oct 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.