How much does Thwaites Limited make?

Thwaites Limited reported revenue of £84.6m and £4.5m profit in the year to 31 Aug 2025, according to its accounts filed at Companies House.

How many employees does Thwaites Limited have?

Thwaites Limited reported an average of 282 employees in the year to 31 Aug 2025.

Is Thwaites Limited profitable?

Yes — Thwaites Limited reported a profit of £4.5m in the year to 31 Aug 2025.

Company No. 00387579 · Incorporated 13 May 1944

Thwaites Limited

Registered name: THWAITES LIMITED

Thwaites Limited made £84.6m revenue and £4.5m profit in the year to 31 Aug 2025. read from filing text

Thwaites Limited’s revenue grew 6% to £84.6m in the year to 31 Aug 2025, with £4.5m profit and 282 employees. The company is classified under “manufacture of lifting and handling equipment” and is based in Leamington Spa; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 28220Manufacture of lifting and handling equipment

Status: Active
Location: Leamington Spa, West Midlands
Age: 82 yrs · since 1944
Type: Private Limited Company

Latest accounts · year to 31 Aug 2025

Key figures

IndependentCash flow filed

Revenue

£84.6m

Growth ▲6.2%

Profit

£4.5m

Growth ▼1.7%

Profit margin

5.3%

Gross 16%

Employees

282

Change ▲1.4%

Profit / employee

£15.9k

Revenue/employee £300k

Profitable streak

4yrs

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 Aug 2022	31 Aug 2023	31 Aug 2024	31 Aug 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£95.6m	£95.7m	£79.7m	£84.6m
Cost of sales	£74.1m	£76.7m	£66.7m	£71.1m
Gross profit	£21.5m	£19m	£13m	£13.5m
Operating profit	£10.8m	£11m	£5.8m	£6.3m
Profit before tax	£10.9m	£11.2m	£5.9m	£6m
Profit after tax	£9.1m	£9m	£4.5m	£4.5m
Profit (best available)	£9.1m	£9m	£4.5m	£4.5m
Employees (average)	255	270	278	282
Ratios
Profit margin	9.5%	9.4%	5.7%	5.3%
Gross margin	22.5%	19.9%	16.3%	16%
Revenue per employee	£375k	£354k	£287k	£300k
Profit per employee	£35.5k	£33.5k	£16.4k	£15.9k
Cash conversion	−62.5%	−48.5%	−124.1%	−230.8%
Growth (year on year)
Revenue growth	—	▲0.1%	▼16.7%	▲6.2%
Profit growth	—	▼0.1%	▼49.7%	▼1.7%
Headcount growth	—	▲5.9%	▲3%	▲1.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£9.1m	£4.7m	£2.6m	£7m
Net assets	£34m	£37m	£37.5m	£38m
Fixed assets	£5.4m	£6.4m	£11.4m	£20.7m
Current assets	£46.5m	£45.5m	£42.9m	£40.2m
Debtors	£17.8m	£17.3m	£14.7m	£15.2m
Deferred income	£4m	£2.6m	£2.2m	£2.8m
Cash from operations	−£6.7m	−£5.3m	−£7.1m	−£14.6m
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2025	FullAccounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: 5.3%; Profit ÷ revenue.
Gross margin: 16%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £300k; Revenue ÷ average employees.
Profit per employee: £15.9k; Profit ÷ average employees.
Cash conversion: −230.8%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 24.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18%; 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: ▲1%; Now £38m
Cash at bank: ▲170%; Now £7m
Headcount: ▲1%; Now 282
Deferred income: ▲29%; Now £2.8m
Fixed assets: ▲82%; Now £20.7m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Aug 2025 (profit £4.5m), from the Companies House accounts bulk data published May 2026. Spotted an error? Request a correction.

Updated from Companies House on 11 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.