West One Development Finance Limited
Registered name: WEST ONE DEVELOPMENT FINANCE LIMITED
Part of Eclipse Topco Limited groupWest One Development Finance Limited made £1.5m revenue and £1m profit in the year to 31 Dec 2025.
West One Development Finance Limited’s revenue fell 94% to £1.5m in the year to 31 Dec 2025, with £1m profit and 0 employees. The company is classified under “other business support service activities” and is based in Watford; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Watford, East of England
- Age
- 8 yrs · since 2018
- 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. From the filing: “West One Development Finance Midco Limited”
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 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £16.6m | £28.4m | £25.5m | £1.5m |
| Cost of sales | £10.1m | £20.4m | £19.1m | £282k |
| Gross profit | £6.4m | £8m | £6.4m | £1.2m |
| Operating profit | £4.2m | £5.8m | £2.8m | £1m |
| Profit before tax | £4.2m | £5.8m | £2.8m | £1m |
| Profit after tax | £3.8m | £5.8m | £2.8m | £1m |
| Profit (best available) | £3.8m | £5.8m | £2.8m | £1m |
| Staff costs | £817k | £1.1m | £1.1m | £77.9k |
| Employees (average) | 9 | 12 | 0 | 0 |
| Ratios | ||||
| Profit margin | 23% | 20.3% | 10.9% | 69.2% |
| Gross margin | 38.8% | 28.2% | 25.2% | 81.3% |
| Revenue per employee | £1.8m | £2.4m | — | — |
| Profit per employee | £424k | £480k | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▲71.6% | ▼10.2% | ▼94.1% |
| Profit growth | — | ▲51.2% | ▼51.5% | ▼62.7% |
| Headcount growth | — | ▲33.3% | ▼100% | — |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £893k | £1.2m | — | — |
| Net assets | £10m | £5.8m | £8.6m | £9.6m |
| Current assets | £189m | £187m | £136m | £10.5m |
| Debtors | £189m | £186m | £136m | £10.5m |
| Deferred income | £2.1m | £2.1m | £1.9m | £54k |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data May 2026 | FullAccounts · bulk data May 2026 |
How the business works
- Profit margin
- 69.2%
- Profit ÷ revenue.
- Gross margin
- 81.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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
- 3.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 696.5%
- 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
- ▲12%
- Now £9.6m
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 0
- Deferred income
- ▼97%
- Now £54k
- Fixed assets
- —
- Now —
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Eclipse Topco Limitedultimate parent75–100%
- Eclipse Midco Limited75–100%
- Eclipse Financing Limited75–100%
- Enra Specialist Finance Limited75–100%
- West One Development Finance Holdings Limited75–100%
- West One Development Finance Midco Limited75–100%
- West One Development Finance 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
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1m), from the Companies House accounts bulk data published May 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.