WATCO UK LIMITED
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Cash
£121K
-1.5% vs 2024
Net assets
£6.3M
+41.3% vs 2024
Employees
25
0% vs 2024
Profit before tax
£2.5M
-74.8% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-05-31
| Metric | Trend | 2024-05-31 | 2025-05-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £8,574,977 | £8,964,405 | +4.5% | |
| Operating profit | £1,926,489 | £2,352,491 | +22.1% | |
| Profit before tax | £9,802,533 | £2,471,711 | -74.8% | |
| Net profit | £8,967,966 | £1,857,227 | -79.3% | |
| Cash | £123,139 | £121,262 | -1.5% | |
| Total assets less current liabilities | £4,510,227 | £6,369,729 | +41.2% | |
| Net assets | £4,492,079 | £6,349,306 | +41.3% | |
| Equity | £4,492,079 | £6,349,306 | +41.3% | |
| Average employees | 25 | 25 | 0% | |
| Wages | £1,155,481 | £1,309,242 | +13.3% | |
| Directors' remuneration | — | — | — |
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 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|
| Operating margin | 22.5% | 26.2% | |
| Net margin | 104.6% | 20.7% | |
| Return on capital employed | 42.7% | 36.9% | |
| Current ratio | 1.10x | 2.06x |
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.
Name history
Renamed 1 time since incorporation
- WATCO UK LIMITED 1998-01-01 → present
- WATCO (SALES) LIMITED 1948-09-24 → 1998-01-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Kreston Reeves Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company, together with its parent undertaking RPM International Inc, has considerable financial resources, and is well placed to manage its business risks. The directors have a reasonable expectation that the company has resources to continue to operate for the foreseeable future, and the financial statements are prepared on a going concern basis.”
Group structure
- WATCO UK LIMITED · parent
- FibreGrid Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KAVANAGH, John Patrick | Director | 2020-09-11 | Jan 1964 | American |
| LOWDON, Thomas James | Director | 2025-11-28 | Dec 1983 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARMSWORTH, Christopher Lawrence | Secretary | 1994-02-01 | 2008-08-01 |
| TOMPKINS, Paul Kelly | Secretary | 2008-08-01 | 2010-04-30 |
| WALLER, June | Secretary | — | 1994-02-01 |
| CARTER, Colin Stephen | Director | 2010-12-15 | 2019-05-31 |
| HARMEYER, Donald L. | Director | 2018-04-27 | 2020-09-11 |
| HARMSWORTH, Christopher Lawrence | Director | 1998-01-01 | 2008-08-01 |
| HILL, Christopher Rodney James | Director | — | 2006-07-25 |
| INNES, David Iain, Dr | Director | 2006-07-25 | 2010-12-15 |
| KEMP, Derek Harold | Director | — | 1998-01-01 |
| MOORE, Edward Winslow | Director | 2010-05-01 | 2018-01-18 |
| REED, Thomas Edward | Director | 2010-12-15 | 2018-04-27 |
| RICE, Ronald Albert | Director | 2006-07-25 | 2018-01-18 |
| SUTHON, Edward John | Director | 2008-08-01 | 2022-11-25 |
| TOMPKINS, Paul Kelly | Director | 2006-07-25 | 2010-04-30 |
| WHITE, Andrew Francis | Director | 2022-11-25 | 2025-11-28 |
| WHITING, William Charles | Director | 2006-07-25 | 2010-12-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Rpm Europe Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 169 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-05-05 RESOLUTIONS Resolution
- 2023-05-05 MA Memorandum articles
- 2023-05-02 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-11 | AA | accounts | Accounts with accounts type full | |
| 2025-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-20 | CH01 | officers | Change person director company with change date | |
| 2025-10-20 | CH01 | officers | Change person director company with change date | |
| 2025-10-20 | CH01 | officers | Change person director company with change date | |
| 2024-10-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-14 | AA | accounts | Accounts with accounts type full | |
| 2024-08-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-24 | AA | accounts | Accounts with accounts type full | |
| 2023-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-05 | RESOLUTIONS | resolution | Resolution | |
| 2023-05-05 | MA | incorporation | Memorandum articles | |
| 2023-05-02 | CC04 | change-of-constitution | Statement of companys objects | |
| 2022-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-21 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.