How much does Walter Watson Limited make?

Walter Watson Limited reported revenue of £61.8m and £4.6m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Walter Watson Limited have?

Walter Watson Limited reported an average of 227 employees in the year to 31 Dec 2025.

Is Walter Watson Limited profitable?

Yes — Walter Watson Limited reported a profit of £4.6m in the year to 31 Dec 2025.

Company No. NI010745 · Incorporated 23 Jun 1975

Walter Watson Limited

Registered name: WALTER WATSON LIMITED

Walter Watson Limited made £61.8m revenue and £4.6m profit in the year to 31 Dec 2025.

Walter Watson Limited’s revenue grew 5% to £61.8m in the year to 31 Dec 2025, with £4.6m profit and 227 employees. The company is classified under “manufacture of metal structures and parts of structures” and is based in Co Down; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25110Manufacture of metal structures and parts of structures SIC 45200Maintenance and repair of motor vehicles

Status: Active
Location: Co Down, Northern Ireland
Age: 51 yrs · since 1975
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

Independent

Revenue

£61.8m

Growth ▲5.5%

Profit

£4.6m

Growth ▼20.4%

Profit margin

7.5%

Gross 17.3%

Employees

227

Change ▲2.3%

Profit / employee

£20.5k

Revenue/employee £272k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£77.8m	£58.6m	£61.8m
Cost of sales	−£63.6m	−£47.3m	−£51.2m
Gross profit	£14.1m	£11.4m	£10.7m
Operating profit	£9.1m	£6.8m	£5.4m
Profit before tax	£9.5m	£7.7m	£6.2m
Profit after tax	£7.2m	£5.8m	£4.6m
Profit (best available)	£7.2m	£5.8m	£4.6m
Employees (average)	224	222	227
Ratios
Profit margin	9.3%	10%	7.5%
Gross margin	18.2%	19.4%	17.3%
Revenue per employee	£347k	£264k	£272k
Profit per employee	£32.2k	£26.3k	£20.5k
Growth (year on year)
Revenue growth	—	▼24.6%	▲5.5%
Profit growth	—	▼19.2%	▼20.4%
Headcount growth	—	▼0.9%	▲2.3%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Jul 2025	Accounts · bulk data Jul 2025	Accounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 7.5%; Profit ÷ revenue.
Gross margin: 17.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £272k; Revenue ÷ average employees.
Profit per employee: £20.5k; 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.

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 —
Cash at bank: —; Now —
Headcount: ▲2%; Now 227
Deferred income: —; Now —
Fixed assets: —; Now —

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £4.6m), from the Companies House accounts bulk data published Aug 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.