Walters Resources Limited
Registered name: WALTERS RESOURCES LIMITED
Part of G. Walters (Holdings) Limited groupWalters Resources Limited made £40m revenue and £2m profit in the year to 28 Feb 2025.
Walters Resources Limited’s revenue grew 42% to £40m in the year to 28 Feb 2025, with £2m profit and 529 employees. The company is classified under “open cast coal working” and is based in Hirwaun Aberdare; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Hirwaun Aberdare, Wales
- Age
- 41 yrs · since 1985
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Feb 2022 | 28 Feb 2023 | 29 Feb 2024 | 28 Feb 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £19.1m | £25.7m | £28.2m | £40m |
| Cost of sales | £17m | £24.1m | £27.7m | £38.5m |
| Gross profit | £2m | £1.6m | £557k | £1.6m |
| Operating profit | £2.4m | £1.4m | £270k | £1.3m |
| Profit before tax | £2.9m | £2.1m | £1.1m | £2.4m |
| Profit after tax | £2.5m | £1.8m | £922k | £2m |
| Profit (best available) | £2.5m | £1.8m | £922k | £2m |
| Staff costs | £16.7m | £23.9m | £27.5m | £38.2m |
| Employees (average) | 316 | 410 | 428 | 529 |
| Ratios | ||||
| Profit margin | 13.1% | 7% | 3.3% | 4.9% |
| Gross margin | 10.7% | 6.3% | 2% | 3.9% |
| Revenue per employee | £60.4k | £62.7k | £66k | £75.7k |
| Profit per employee | £7.9k | £4.4k | £2.2k | £3.7k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲34.8% | ▲9.8% | ▲41.8% |
| Profit growth | — | ▼27.8% | ▼49% | ▲111.8% |
| Headcount growth | — | ▲29.8% | ▲4.4% | ▲23.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £7.6m | £8.1m | £9.6m | £9.9m |
| Net assets | £10.4m | £12.2m | £13.1m | £15m |
| Fixed assets | £1.6m | £1.6m | £1.6m | £1.6m |
| Current assets | £9.6m | £11.7m | £12.8m | £15.2m |
| Debtors | £529k | £79k | £59.4k | £71k |
| Source | Accounts · bulk data Nov 2023 | Accounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 4.9%
- Profit ÷ revenue.
- Gross margin
- 3.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £75.7k
- Revenue ÷ average employees.
- Profit per employee
- £3.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 3.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.2%
- 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
- ▲15%
- Now £15m
- Cash at bank
- ▲4%
- Now £9.9m
- Headcount
- ▲24%
- Now 529
- Deferred income
- —
- Now —
- Fixed assets
- ▼2%
- Now £1.6m
Group structure
Ownership chain
- G. Walters (Holdings) Limitedultimate parent75–100%
- Walters Resources Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Pennant Walters McYc Holdings LimitedFigures not disclosed
Sister companies (7)
- Walters Asset Management LimitedRev. £12.7m · Profit £2.9m
- G. Walters (Leasing) LimitedFigures not disclosed
- Headaway (Europe) LimitedFigures not disclosed
- Walters Environmental LimitedFigures not disclosed
- Walters Land LimitedRev. — · Profit £2.1m
- Walters Plant Hire LimitedRev. — · Profit £6.5m
- Walters Residential LimitedRev. — · Profit −£75.4k
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 28 Feb 2025 (profit £2m), from the Companies House accounts bulk data published Nov 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.