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Company No. 04187073 · Incorporated 26 Mar 2001

Wain Homes (South West) Limited

Registered name: WAIN HOMES (SOUTH WEST) LIMITED

Part of ST Joseph Capital Limited group

Wain Homes (South West) Limited made £73.9m revenue and £1.7m profit in the year to 28 Sep 2025.

Wain Homes (South West) Limited’s revenue grew 9% to £73.9m in the year to 28 Sep 2025, with £1.7m profit and 102 employees. The company is classified under “construction of domestic buildings” and is based in Exeter; we hold 4 years of its filed accounts.

Full P&L filedSIC 41202Construction of domestic buildings
Status
Active
Location
Exeter
Age
25 yrs · since 2001
Type
Private Limited Company
Latest accounts · year to 28 Sep 2025

Key figures

Revenue
£73.9m
Growth ▲8.6%
Profit
£1.7m
Growth ▼31.9%
Profit margin
2.3%
Gross 14.3%
Employees
102
Change ▼1.9%
Profit / employee
£16.5k
Revenue/employee £724k
Profitable streak
4yrs
Consecutive profitable years in our data
4 filed years

Financial history

Multi-year financials, oldest to newest
Year to29 Sep 202328 Sep 202429 Sep 202428 Sep 2025
DisclosureFull P&LFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£76.9m£68m£68m£73.9m
Cost of sales−£64.6m−£59.3m−£58.3m−£63.3m
Gross profit£12.3m£8.8m£9.7m£10.6m
Operating profit£4m£1.4m£2.3m£1.6m
Profit before tax£5m£2m£2.9m£1.5m
Profit after tax£3.7m£1.8m£2.5m£1.7m
Profit (best available)£3.7m£1.8m£2.5m£1.7m
Employees (average)127104104102
Ratios
Profit margin4.9%2.6%3.6%2.3%
Gross margin16%12.9%14.2%14.3%
Revenue per employee£605k£654k£654k£724k
Profit per employee£29.4k£17.2k£23.8k£16.5k
Growth (year on year)
Revenue growth—▼11.6%—▲8.6%
Profit growth—▼52.1%—▼31.9%
Headcount growth—▼18.1%—▼1.9%
Balance sheet — indirect signals, not revenue
Net assets————
SourceAccounts · bulk data May 2025Accounts · bulk data Jul 2026Accounts · bulk data May 2025Accounts · bulk data Jul 2026
Derived from the latest filing

How the business works

Profit margin
2.3%
Profit ÷ revenue.
Gross margin
14.3%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£724k
Revenue ÷ average employees.
Profit per employee
£16.5k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
—
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
—
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
—
Now —
Cash at bank
—
Now —
Headcount
▼2%
Now 102
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. ST Joseph Capital Limitedultimate parent75–100%
  2. Wain Group Limited75–100%
  3. Wain Homes Limited75–100%
  4. Wain Homes (South West) Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (20)

Sister companies (4)

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 28 Sep 2025 (profit £1.7m), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.

Updated from Companies House on 22 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.