How much does Thistle Wind Partners Limited make?

Thistle Wind Partners Limited reported revenue of £17.4m and £970k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Thistle Wind Partners Limited have?

Thistle Wind Partners Limited reported an average of 31 employees in the year to 31 Dec 2025.

Is Thistle Wind Partners Limited profitable?

Yes — Thistle Wind Partners Limited reported a profit of £970k in the year to 31 Dec 2025.

Company No. 13512605 · Incorporated 15 Jul 2021

Thistle Wind Partners Limited

Registered name: THISTLE WIND PARTNERS LIMITED

Part of Deme Group Nv group

Thistle Wind Partners Limited made £17.4m revenue and £970k profit in the year to 31 Dec 2025.

Thistle Wind Partners Limited’s revenue fell 20% to £17.4m in the year to 31 Dec 2025, with £970k profit and 31 employees. The company is classified under “development of building projects” and is based in Weybridge; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects

Status: Active
Location: Weybridge, London
Age: 5 yrs · since 2021
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 Dec 2025

Key figures

Young and profitableCash flow filed

Revenue

£17.4m

Growth ▼20.3%

Profit

£970k

Growth ▲23.2%

Profit margin

5.6%

Gross 1.4%

Employees

Change ▲34.8%

Profit / employee

£31.3k

Revenue/employee £560k

Profitable streak

3yrs

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 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	No P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£19.9m	£21.8m	£17.4m
Cost of sales	—	£19.6m	£21.6m	£17.1m
Gross profit	—	£257k	£202k	£234k
Operating profit	—	£220k	£1m	£1.2m
Profit before tax	—	£220k	£1m	£1.3m
Profit after tax	—	£205k	£787k	£970k
Profit (best available)	—	£205k	£787k	£970k
Staff costs	—	£826k	£2m	£2.6m
Employees (average)	1	10	23	31
Ratios
Profit margin	—	1%	3.6%	5.6%
Gross margin	—	1.3%	0.9%	1.4%
Revenue per employee	—	£2m	£948k	£560k
Profit per employee	—	£20.5k	£34.2k	£31.3k
Cash conversion	—	2472%	166.2%	−281.1%
Growth (year on year)
Revenue growth	—	—	▲9.6%	▼20.3%
Profit growth	—	—	▲284.5%	▲23.2%
Headcount growth	—	▲900%	▲130%	▲34.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£181k	£4.6m	£6.1m	£2.9m
Net assets	−£164k	£40.7k	£828k	£1.8m
Current assets	£3.8m	£12.3m	£12.9m	£7.2m
Debtors	£3.6m	£310	£269k	£251k
Deferred income	—	£335k	£1.1m	£533k
Cash from operations	—	£5.4m	£1.7m	−£3.3m
Source	Accounts · bulk data Jun 2024	Accounts · bulk data Jun 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 5.6%; Profit ÷ revenue.
Gross margin: 1.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £560k; Revenue ÷ average employees.
Profit per employee: £31.3k; Profit ÷ average employees.
Cash conversion: −281.1%; 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: 3.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.4%; 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: ▲117%; Now £1.8m
Cash at bank: ▼51%; Now £2.9m
Headcount: ▲35%; Now 31
Deferred income: ▼52%; Now £533k
Fixed assets: —; Now —

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

Deme Group Nv (registered outside the UK register)ultimate parent50–75%
Thistle Wind Partners 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

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £970k), from the Companies House accounts bulk data published Jul 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.