How much does Waddington Custot Galleries Limited make?

Waddington Custot Galleries Limited reported revenue of £11.2m and £377k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Waddington Custot Galleries Limited have?

Waddington Custot Galleries Limited reported an average of 14 employees in the year to 31 Dec 2024.

Is Waddington Custot Galleries Limited profitable?

Yes — Waddington Custot Galleries Limited reported a profit of £377k in the year to 31 Dec 2024.

Company No. 00872520 · Incorporated 28 Feb 1966

Waddington Custot Galleries Limited

Registered name: WADDINGTON CUSTOT GALLERIES LIMITED

Waddington Custot Galleries Limited made £11.2m revenue and £377k profit in the year to 31 Dec 2024.

Waddington Custot Galleries Limited’s revenue fell 39% to £11.2m in the year to 31 Dec 2024, with £377k profit and 14 employees. The company is classified under “retail sale in commercial art galleries”; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47781Retail sale in commercial art galleries

Status: Active
Location: London
Age: 60 yrs · since 1966
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentCapital-lightCash flow filed

Revenue

£11.2m

Growth ▼39.3%

Profit

£377k

Growth ▼51%

Profit margin

3.4%

Gross 43%

Employees

Change 0%

Profit / employee

£26.9k

Revenue/employee £798k

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 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£18.8m	£18.4m	£11.2m
Cost of sales	£11.2m	£12m	£6.4m
Gross profit	£7.6m	£6.4m	£4.8m
Operating profit	£3.5m	£1.1m	£506k
Profit before tax	£3.5m	£1.1m	£528k
Profit after tax	£2.8m	£769k	£377k
Profit (best available)	£2.8m	£769k	£377k
Staff costs	£951k	£1m	£1m
Employees (average)	14	14	14
Ratios
Profit margin	14.8%	4.2%	3.4%
Gross margin	40.4%	34.6%	43%
Revenue per employee	£1.3m	£1.3m	£798k
Profit per employee	£199k	£54.9k	£26.9k
Cash conversion	51.5%	−182.4%	−95.5%
Growth (year on year)
Revenue growth	—	▼2.2%	▼39.3%
Profit growth	—	▼72.4%	▼51%
Headcount growth	—	0%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£4m	£1.5m	£1m
Net assets	£24.6m	£25.3m	£25.7m
Fixed assets	£37k	£20k	£9k
Current assets	£30.5m	£28.8m	£28.3m
Debtors	£920k	£1.4m	£813k
Deferred income	£287k	£307k	£224k
Cash from operations	£1.8m	−£2m	−£483k
Source	Accounts · bulk data Sep 2024	Accounts · bulk data Sep 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 3.4%; Profit ÷ revenue.
Gross margin: 43%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £798k; Revenue ÷ average employees.
Profit per employee: £26.9k; Profit ÷ average employees.
Cash conversion: −95.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7.3%; 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 £25.7m
Cash at bank: ▼31%; Now £1m
Headcount: 0%; Now 14
Deferred income: ▼27%; Now £224k
Fixed assets: ▼55%; Now £9k

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 Dec 2024 (profit £377k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 24 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.