WATFORD ASSOCIATION FOOTBALL CLUB LIMITED(THE)
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Cash
£1.3M
+43,466.7% vs 2024
Net assets
£25M
+844.2% highest in 5 filed years
Employees
370
+5.1% highest in 5 filed years
Profit before tax
-£16M
-225% vs 2024
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-06-30
| Metric | Trend | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £57,061,000 | £128,094,000 | £66,198,000 | £57,590,000 | £25,975,000 | -54.9% | |
| Operating profit | -£24,198,000 | £4,986,000 | £30,985,000 | £17,977,000 | -£12,473,000 | -169.4% | |
| Profit before tax | -£19,037,000 | -£16,130,000 | £24,131,000 | £12,763,000 | -£15,951,000 | -225% | |
| Net profit | -£18,250,000 | -£17,699,000 | £24,524,000 | £12,763,000 | -£16,232,000 | -227.2% | |
| Cash | £4,776,000 | £1,200,000 | £7,579,000 | £3,000 | £1,307,000 | +43,466.7% | |
| Total assets less current liabilities | £70,401,000 | £90,634,000 | £79,320,000 | £70,992,000 | £88,123,000 | +24.1% | |
| Net assets | -£18,046,000 | -£35,170,000 | -£10,511,000 | £2,658,000 | £25,098,000 | +844.2% | |
| Equity | -£18,046,000 | -£35,170,000 | -£10,511,000 | £2,658,000 | £25,098,000 | +844.2% | |
| Average employees | 326 | 361 | 343 | 352 | 370 | +5.1% | |
| Wages | — | — | £42,478,000 | £28,947,000 | £24,815,000 | -14.3% | |
| Directors' remuneration | £881,000 | £970,000 | £955,000 | £955,000 | £474,000 | -50.4% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|---|
| Operating margin | -42.4% | 3.9% | 46.8% | 31.2% | -48.0% | |
| Net margin | -32.0% | -13.8% | 37.0% | 22.2% | -62.5% | |
| Return on capital employed | -34.4% | 5.5% | 39.1% | 25.3% | -14.2% | |
| Gearing (liabilities / total assets) | — | — | 104.7% | 98.1% | 84.4% | |
| Current ratio | — | — | 0.67x | 0.57x | 0.39x | |
| Interest cover | -4.44x | 0.68x | 4.49x | 3.45x | -3.59x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Myers Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Therefore they have continued to adopt the going concern basis in preparing the financial statements.”
Group structure
- WATFORD ASSOCIATION FOOTBALL CLUB LIMITED(THE) · parent
- Watford FC Women Limited 100%
Significant events
- “The 2024/25 season saw the Club playing in the EFL Championship again following relegation from the Premier League in 2021/22.”
- “During the year the Company acquired the entire share capital of Watford FC Women Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 35 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WASTALL, Peter James, Mr. | Secretary | 2000-03-25 | — | British |
| DUXBURY, Scott Ian | Director | 2012-07-12 | Mar 1972 | British |
| FRANSEN, David Bernard | Director | 2009-03-13 | Mar 1958 | British |
| TIMPERLEY, Stuart Read, Professor | Director | 2009-01-22 | Jul 1943 | British |
Show 35 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALEXANDER, John Eric | Secretary | 1994-07-01 | 2000-03-25 |
| PLUMLEY, Edward | Secretary | — | 1994-06-30 |
| ANDERSON, Brian Marvin | Director | 1997-04-26 | 2003-05-29 |
| ASHTON, Mark Anthony | Director | 2007-03-29 | 2008-12-12 |
| BASSINI, Laurence, Mr. | Director | 2011-08-16 | 2012-06-28 |
| JOHN, Elton Hercules, Sir | Director | 1997-04-26 | 2002-05-27 |
| LAWSON ROGERS, Stuart George | Director | — | 1996-09-05 |
| LESTER, David Roger Julian | Director | 2000-03-21 | 2006-07-17 |
| LISSACK, Charles Dorian | Director | — | 2006-07-17 |
| MEE, Bertie | Director | — | 1992-02-06 |
| MELLER, David Robert | Director | 1997-04-26 | 2006-07-17 |
| NANI, Gian Luca | Director | 2012-07-12 | 2014-09-02 |
| NORTON, Christopher James | Director | 2009-03-13 | 2009-12-23 |
| NORTON, Christopher James | Director | 2000-01-19 | 2006-07-17 |
| OUNDJIAN, Haig Bertrand | Director | 1997-04-26 | 2005-12-01 |
| PETCHEY, Jack | Director | — | 1996-09-04 |
| PLUMLEY, Edward | Director | 1994-09-17 | 1997-05-06 |
| RIVA, Raffaele Felice Giulio | Director | 2012-07-12 | 2016-11-02 |
| ROSENBERG, Terence | Director | 1997-04-26 | 1998-05-14 |
| RUSSO, Giacomo | Director | 2009-01-22 | 2009-12-23 |
| RUSSO, Giacomo | Director | 2004-03-10 | 2007-05-02 |
| RUSSO, Vincenzo | Director | 2009-01-22 | 2009-12-23 |
| RUSSO, Vincenzo | Director | 2004-03-10 | 2007-05-02 |
| SHAW, Timothy Michael | Director | 1999-12-01 | 2005-05-03 |
| SHERWOOD, Michael Sidney | Director | 2000-01-19 | 2004-01-10 |
| SIMPSON, Graham Michael | Director | 2000-01-19 | 2008-12-01 |
| SMITH, Geoffrey Arthur | Director | — | 1997-05-06 |
| TAYLOR, Graham, Mr. | Director | 2009-01-22 | 2012-05-31 |
| TIMPERLEY, Stuart Read, Professor | Director | — | 1997-05-06 |
| VERJEE, Rumi | Director | 1997-05-16 | 1998-05-14 |
| WILLIAMS, Robin Rundle | Director | 2009-03-13 | 2009-12-23 |
| WILSON, Andrew Stephen | Director | 2002-12-17 | 2009-02-23 |
| WINTER, Julian | Director | 2008-12-12 | 2011-06-08 |
| WINWOOD, Mervyn | Director | — | 1996-05-09 |
| WRAY, Nigel William | Director | 1999-09-18 | 2002-08-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hornets Investment Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 302 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-25 | AA | accounts | Accounts with accounts type full | |
| 2026-02-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-30 | CH01 | officers | Change person director company with change date | |
| 2025-08-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-26 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-03-26 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-16 | AA | accounts | Accounts with accounts type full | |
| 2024-02-22 | AA | accounts | Accounts with accounts type full | |
| 2024-01-30 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.