How much does Walsh Associates Limited make?

Walsh Associates Limited reported revenue of £11.6m and £760k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Walsh Associates Limited have?

Walsh Associates Limited reported an average of 114 employees in the year to 31 Dec 2025.

Is Walsh Associates Limited profitable?

Yes — Walsh Associates Limited reported a profit of £760k in the year to 31 Dec 2025.

Company No. 02339267 · Incorporated 25 Jan 1989

Walsh Associates Limited

Registered name: WALSH ASSOCIATES LIMITED

Walsh Associates Limited made £11.6m revenue and £760k profit in the year to 31 Dec 2025.

Walsh Associates Limited’s revenue grew 2% to £11.6m in the year to 31 Dec 2025, with £760k profit and 114 employees. The company is classified under “other engineering activities” and is based in 4 Maguire Street; we hold 4 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 71129Other engineering activities

Status: Active
Location: 4 Maguire Street, London
Age: 37 yrs · since 1989
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentCapital-lightOperating leverageCash flow filed

Revenue

£11.6m

Growth ▲1.9%

Profit

£760k

Growth ▲7.2%

Profit margin

6.6%

Gross 48.8%

Employees

114

Change ▲0.9%

Profit / employee

£6.7k

Revenue/employee £102k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10.5m	£11.9m	£11.4m	£11.6m
Cost of sales	£6.5m	£6.3m	£6m	£5.9m
Gross profit	£3.9m	£5.5m	£5.4m	£5.7m
Operating profit	−£871k	£430k	£336k	£694k
Profit before tax	−£873k	£413k	£330k	£691k
Profit after tax	−£773k	£636k	£709k	£760k
Profit (best available)	−£773k	£636k	£709k	£760k
Staff costs	£6.8m	£7m	£6.9m	£7.1m
Employees (average)	117	118	113	114
Ratios
Profit margin	−7.4%	5.4%	6.2%	6.6%
Gross margin	37.5%	46.5%	47.1%	48.8%
Revenue per employee	£89.4k	£100k	£101k	£102k
Profit per employee	−£6.6k	£5.4k	£6.3k	£6.7k
Cash conversion	—	188.5%	−4.8%	50.4%
Growth (year on year)
Revenue growth	—	▲13.3%	▼4%	▲1.9%
Profit growth	—	—	▲11.5%	▲7.2%
Headcount growth	—	▲0.9%	▼4.2%	▲0.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£608k	£1.3m	£1m	£1.1m
Net assets	£2.9m	£3.6m	£4.1m	£4.7m
Fixed assets	£701k	£601k	£470k	£354k
Current assets	£5.6m	£7.3m	£6.9m	£7.5m
Debtors	£3.7m	£3.7m	£3.9m	£4.2m
Deferred income	£487k	£632k	£377k	£209k
Cash from operations	−£193k	£810k	−£16.2k	£350k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 6.6%; Profit ÷ revenue.
Gross margin: 48.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £102k; Revenue ÷ average employees.
Profit per employee: £6.7k; Profit ÷ average employees.
Cash conversion: 50.4%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 36.5%; 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: ▲15%; Now £4.7m
Cash at bank: ▲11%; Now £1.1m
Headcount: ▲1%; Now 114
Deferred income: ▼44%; Now £209k
Fixed assets: ▼25%; Now £354k

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 2025 (profit £760k), from the Companies House accounts bulk data published Sep 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.