Ward Williams Associates LLP
Registered name: WARD WILLIAMS ASSOCIATES LLP
Ward Williams Associates LLP made £15.1m revenue and £0 profit in the year to 31 Mar 2025.
Ward Williams Associates LLP’s revenue was £15.1m in the year to 31 Mar 2025, with £0 profit and 137 employees. The company is based in Truro; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Truro, South West
- Age
- 11 yrs · since 2015
- Type
- Limited Liability Partnership
Partnership. Profit is shown before the partners' own pay, so margins aren't comparable with a limited company. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £19.9m | £15.1m |
| Cost of sales | £10.7m | £8.7m |
| Gross profit | £9.2m | £6.4m |
| Operating profit | £5m | £3.5m |
| Profit before tax | £5m | £3.5m |
| Profit after tax | £0 | £0 |
| Profit (best available) | £0 | £0 |
| Staff costs | £9m | £7.3m |
| Employees (average) | 145 | 137 |
| Ratios | ||
| Profit margin | 0% | 0% |
| Gross margin | 46.4% | 42.5% |
| Revenue per employee | £137k | £111k |
| Profit per employee | £0 | £0 |
| Cash conversion | −112.6% | −93.9% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.5m | £66k |
| Net assets | £2.7m | £1.6m |
| Fixed assets | £293k | £274k |
| Current assets | £4.9m | £4.2m |
| Debtors | £2.7m | £3.2m |
| Cash from operations | −£5.6m | −£3.3m |
| Source | FullAccounts · bulk data Jun 2026 | FullAccounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 0%
- Profit ÷ revenue.
- Gross margin
- 42.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £111k
- Revenue ÷ average employees.
- Profit per employee
- £0
- Profit ÷ average employees.
- Cash conversion
- −93.9%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 21.1%
- 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
- —
- Now £1.6m
- Cash at bank
- —
- Now £66k
- Headcount
- —
- Now 137
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £274k
Group structure
Subsidiaries (2)
- Integrated Ward Williams Associates LtdFigures not disclosed
- Seedling Homes LtdActive - Proposal to Strike offFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £0), from the Companies House accounts bulk data published Jun 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.