Westcotts (SW) LLP
Registered name: WESTCOTTS (SW) LLP
Westcotts (SW) LLP made £18.7m revenue and £6.2m profit in the year to 31 Mar 2025.
Westcotts (SW) LLP’s revenue grew 14% to £18.7m in the year to 31 Mar 2025, with £6.2m profit and 239 employees. The company is based in Exeter; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Exeter, South West
- Age
- 6 yrs · since 2020
- 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 | 30 Apr 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £13.8m | £16.4m | £18.7m |
| Cost of sales | £5.2m | £5.9m | £7m |
| Gross profit | £8.7m | £10.5m | £11.8m |
| Operating profit | £4.5m | £5.8m | £6.3m |
| Profit after tax | £4.5m | £5.7m | £6.2m |
| Profit (best available) | £4.5m | £5.7m | £6.2m |
| Employees (average) | 230 | 229 | 239 |
| Ratios | |||
| Profit margin | 32.5% | 34.9% | 32.9% |
| Gross margin | 62.6% | 63.8% | 62.9% |
| Revenue per employee | £60.1k | £71.7k | £78.4k |
| Profit per employee | £19.5k | £25k | £25.7k |
| Cash conversion | 38.6% | −15.5% | 106.2% |
| Growth (year on year) | |||
| Revenue growth | — | ▲18.9% | ▲14.1% |
| Profit growth | — | ▲27.5% | ▲7.4% |
| Headcount growth | — | ▼0.4% | ▲4.4% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.5m | £1.1m | £317k |
| Net assets | £3.9m | £4.3m | £3.8m |
| Fixed assets | £315k | £252k | £309k |
| Current assets | £8.8m | £8.3m | £7.6m |
| Debtors | £4.2m | £3.4m | £3.6m |
| Deferred income | £818k | £925k | £877k |
| Cash from operations | £1.8m | −£901k | £6.7m |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 32.9%
- Profit ÷ revenue.
- Gross margin
- 62.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £78.4k
- Revenue ÷ average employees.
- Profit per employee
- £25.7k
- Profit ÷ average employees.
- Cash conversion
- 106.2%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 4.7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 19.2%
- 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
- ▼11%
- Now £3.8m
- Cash at bank
- ▼71%
- Now £317k
- Headcount
- ▲4%
- Now 239
- Deferred income
- ▼5%
- Now £877k
- Fixed assets
- ▲23%
- Now £309k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (2)
- Douglas Green Consulting LimitedFigures not disclosed
- Westcotts Trustee Corporation LimitedFigures 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 £6.2m), from the Companies House accounts bulk data published Dec 2025. 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.