How much does GW Highways Ltd make?

GW Highways Ltd reported revenue of £28m and £1.5m profit in the year to 31 Dec 2022, according to its accounts filed at Companies House.

How many employees does GW Highways Ltd have?

GW Highways Ltd reported an average of 6 employees in the year to 31 Dec 2022.

Is GW Highways Ltd profitable?

Yes — GW Highways Ltd reported a profit of £1.5m in the year to 31 Dec 2022.

Company No. 12513815 · Incorporated 12 Mar 2020

GW Highways Ltd

Registered name: GW HIGHWAYS LTD

GW Highways Ltd made £28m revenue and £1.5m profit in the year to 31 Dec 2022. read from filing text

GW Highways Ltd’s revenue fell 13% to £28m in the year to 31 Dec 2022, with £1.5m profit and 6 employees. The company is classified under “construction of roads and motorways” and is based in Maidstone; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 42110Construction of roads and motorways

Status: Active
Location: Maidstone, South East
Age: 6 yrs · since 2020
Type: Private Limited Company

Latest accounts · year to 31 Dec 2022

Key figures

IndependentSmall teamCapital-lightYoung and profitableCash flow filed

Revenue

£28m

Growth ▼12.6%

Profit

£1.5m

Growth ▼36.6%

Profit margin

5.4%

Gross 8.6%

Employees

Change ▲20%

Profit / employee

£252k

Revenue/employee £4.7m

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£32m	£28m
Cost of sales	£28.8m	£25.6m
Gross profit	£3.2m	£2.4m
Operating profit	£2.9m	£1.9m
Profit before tax	£2.9m	£1.9m
Profit after tax	£2.4m	£1.5m
Profit (best available)	£2.4m	£1.5m
Staff costs	£121k	£252k
Employees (average)	5	6
Ratios
Profit margin	7.4%	5.4%
Gross margin	10.1%	8.6%
Revenue per employee	£6.4m	£4.7m
Profit per employee	£476k	£252k
Cash conversion	—	87.6%
Growth (year on year)
Revenue growth	—	▼12.6%
Profit growth	—	▼36.6%
Headcount growth	—	▲20%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.4m	£2.1m
Net assets	£2.4m	£3.9m
Fixed assets	£32.8k	£51.8k
Current assets	£7.2m	£6.9m
Debtors	£1.6m	£3.5m
Deferred income	£272k	£292k
Cash from operations	—	£1.6m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: 5.4%; Profit ÷ revenue.
Gross margin: 8.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £4.7m; Revenue ÷ average employees.
Profit per employee: £252k; Profit ÷ average employees.
Cash conversion: 87.6%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.3%; 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: ▲63%; Now £3.9m
Cash at bank: ▼53%; Now £2.1m
Headcount: ▲20%; Now 6
Deferred income: ▲7%; Now £292k
Fixed assets: ▲58%; Now £51.8k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Minority corporate shareholders

C.W. Surfacing Ltd. 25–50%
DJG Management Services Limited 25–50%

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2022 (profit £1.5m), from the Companies House accounts bulk data published Dec 2023. 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.