Wales & West Gas Networks (Holdings) Limited
Registered name: WALES & WEST GAS NETWORKS (HOLDINGS) LIMITED
Wales & West Gas Networks (Holdings) Limited made £594m revenue and £58.4m profit in the year to 31 Mar 2026.
Wales & West Gas Networks (Holdings) Limited’s revenue grew 8% to £594m in the year to 31 Mar 2026, with £58.4m profit and 1,950 employees. The company is classified under “activities of head offices” and is based in Coedkernew; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Coedkernew, Wales
- Age
- 22 yrs · since 2004
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £564m | £552m | £594m |
| Operating profit | £279m | £216m | £230m |
| Profit before tax | £226m | £206m | £76.4m |
| Profit after tax | £169m | £157m | £58.4m |
| Profit (best available) | £169m | £157m | £58.4m |
| Employees (average) | 1,915 | 1,932 | 1,950 |
| Ratios | |||
| Profit margin | 30% | 28.5% | 9.8% |
| Revenue per employee | £295k | £286k | £305k |
| Profit per employee | £88.4k | £81.4k | £29.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▼2.1% | ▲7.6% |
| Profit growth | — | ▼7.1% | ▼62.8% |
| Headcount growth | — | ▲0.9% | ▲0.9% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 9.8%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £305k
- Revenue ÷ average employees.
- Profit per employee
- £29.9k
- 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.
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
- ▲1%
- Now 1,950
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (2)
- Wales & West Utilities Holdings LimitedRev. £594m · Profit £69.2m
- West & Western Midco Finance PLCFigures not disclosed
Minority corporate shareholders
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2026 (profit £58.4m), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.
Updated from Companies House on 23 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.