Skip to content
CompanySight
Company No. 11780403 · Incorporated 22 Jan 2019

Westcoast Developments Group Limited

Registered name: WESTCOAST DEVELOPMENTS GROUP LIMITED

Westcoast Developments Group Limited made £20.1m revenue and £1.9m profit in the year to 31 Mar 2023.

Westcoast Developments Group Limited’s revenue fell 26% to £20.1m in the year to 31 Mar 2023, with £1.9m profit and 8 employees. The company is classified under “activities of other holding companies” and is based in Poole; we hold 2 years of its filed accounts.

Full P&L filedSection K · Financial and insurance activitiesSIC 64209Activities of other holding companies n.e.c.
Status
Active
Location
Poole, South West
Age
7 yrs · since 2019
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.

Latest accounts · year to 31 Mar 2023

Key figures

IndependentSmall teamYoung and profitableCash flow filed
Revenue
£20.1m
Growth ▼26.5%
Profit
£1.9m
Growth —
Profit margin
9.4%
Gross 13.2%
Employees
8
Change 0%
Profit / employee
£236k
Revenue/employee £2.5m
Profitable streak
1yr
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 202231 Mar 2023
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£27.4m£20.1m
Cost of sales£22.7m£17.5m
Gross profit£4.6m£2.7m
Operating profit£4.1m£4.7m
Profit before tax—£4.6m
Profit after tax−£1.9m£1.9m
Profit (best available)−£1.9m£1.9m
Staff costs£337k£318k
Employees (average)88
Ratios
Profit margin−7.1%9.4%
Gross margin17%13.2%
Revenue per employee£3.4m£2.5m
Profit per employee−£244k£236k
Cash conversion56%53.2%
Growth (year on year)
Revenue growth—▼26.5%
Headcount growth—0%
Balance sheet — indirect signals, not revenue
Cash at bank£28.7k£404k
Net assets−£249k£1.6m
Fixed assets£6.2m£7.7m
Current assets£13.6m£15.8m
Debtors£4.2k£15.9k
Deferred income£7.5k£7.5k
Cash from operations£2.3m£2.5m
SourceAccounts · bulk data Dec 2023Accounts · bulk data Dec 2023
Derived from the latest filing

How the business works

Profit margin
9.4%
Profit ÷ revenue.
Gross margin
13.2%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£2.5m
Revenue ÷ average employees.
Profit per employee
£236k
Profit ÷ average employees.
Cash conversion
53.2%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
38.4%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
0%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
0.1%
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 £1.6m
Cash at bank
▲1306%
Now £404k
Headcount
0%
Now 8
Deferred income
0%
Now £7.5k
Fixed assets
▲24%
Now £7.7m
Corporate ownership

Group structure

Subsidiaries (17)

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2023 (profit £1.9m), from the Companies House accounts bulk data published Dec 2023. 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.