WATCH IT COME DOWN LIMITED
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Next accounts due
2026-12-24 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-01-31 (in 8mo)
Last made up 2026-01-17
Watchouts
Cash
£35K
Latest balance sheet
Net assets
£10M
Equity attributable
Employees
100
Average over period
Profit before tax
-£2M
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The current position represents a material uncertainty over the Group's ability to continue to trade as a going concern. However, the Directors are very confident that significant value will be realised from the disposal of certain property assets, and longer term financing will subsequently be obtained. Improvements have been made to internal operations and the Group's trading position has improved in the 2025/26 period. The directors believe it is appropriate to prepare the financial statements to 31 March 2025 on a going concern basis.
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-10-01 | 2021-09-30 | 2021-10-01 | 2022-09-30 | 2022-10-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £18,890,296 | £13,028,872 | |
| Operating profit | — | — | — | — | — | -£2,844,802 | -£548,349 | |
| Profit before tax | — | — | — | — | — | -£3,844,682 | -£1,577,054 | |
| Net profit | — | -£775,143 | — | -£268,762 | — | -£3,856,091 | -£1,577,054 | |
| Cash | — | £15,999 | — | £115 | — | £75,513 | £35,404 | |
| Total assets less current liabilities | — | £750,966 | — | £4,818,499 | — | £14,596,812 | £12,117,659 | |
| Net assets | — | — | — | £4,122,966 | — | £11,142,531 | £9,641,058 | |
| Equity | £1,497,057 | £721,914 | £721,914 | £4,122,966 | £4,122,966 | £11,142,531 | £9,641,058 | |
| Average employees | — | 0 | — | 4 | — | 115 | 100 | |
| Wages | — | — | — | — | — | £6,589,181 | £4,298,827 | |
| Directors' remuneration | — | — | — | — | — | £55,000 | £0 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-10-01 | 2021-09-30 | 2021-10-01 | 2022-09-30 | 2022-10-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -15.1% | -4.2% | |
| Net margin | — | — | — | — | — | -20.4% | -12.1% | |
| Return on capital employed | — | — | — | — | — | -19.5% | -4.5% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 57.7% | 61.1% | |
| Current ratio | — | — | — | — | — | 0.20x | 0.17x | |
| Interest cover | — | — | — | — | — | -2.85x | -0.53x |
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
- Consolidated group
- Auditor
- Hurst Accountants Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The current position represents a material uncertainty over the Group's ability to continue to trade as a going concern. However, the Directors are very confident that significant value will be realised from the disposal of certain property assets, and longer term financing will subsequently be obtained. Improvements have been made to internal operations and the Group's trading position has improved in the 2025/26 period. The directors believe it is appropriate to prepare the financial statements to 31 March 2025 on a going concern basis.”
Group structure
- WATCH IT COME DOWN LIMITED · parent
- Syd Bishop & Sons (Demolition) Limited 100%
- SBS Recycling Limited 100%
- Waldens Engineering Limited 100%
- Pinden Limited 100%
- Erith Waste Management Limited 100%
- Asbestos Waste Solutions Limited 100%
- Bexleyheath Skips Limited 100%
- Erith Waste Recycling Limited 100%
Significant events
- “During the prior period, the business had to find alternative finance to ensure it met its tax liabilities with HMMRC. The strength of the balance sheet enabled the business to achieve both a short-term loan with Together Finance and a new invoice discounting facility with Close Brothers on improved terms from the departing provider.”
- “In November 2023, the Company arranged a £5.5m commercial bridging loan which enabled overdue tax liabilities to be paid under the terms of a payment arrangement, and Shawbrook Bank loans and invoice discounting facilities were settled early.”
- “Subsequent to the year end, in November 2025, an agreement was made to increase the bridging loan to £6.1m and the repayment date has been further extended to November 2026, which is less than 12 months after the financial statements being approved.”
- “In July 2025, tax liabilities totalling £0.9m were overdue and at the date of the accounts being approved, all scheduled payments under a Time-To-Pay arrangement have been made to date.”
- “A Group undertaking has an obligation to handle and remove waste. During the period, management assessed that costs merited being accrued to reflect the cost of disposing excess waste which had built up over a period of time, between the year ended 30 September 2022 and the year ended 31 March 2025.”
- “Costs totalling £941k have been accrued at 31 March 2025, and all of the excess historic waste has been disposed of in the period subsequent to the year-end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BISHOP, Stephen Edward | Director | 1996-04-04 | Jul 1959 | British |
| BISHOP, Sydney Michael | Director | 1996-04-04 | Feb 1956 | British |
| BISHOP, Terrence Malcolm | Director | — | Aug 1941 | British |
| BISHOP, Thomas James | Director | 1996-04-04 | Aug 1965 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARNOLD, Kathleen Rosemary | Secretary | — | 2012-11-27 |
| ARNOLD, Kathleen Rosemary | Director | — | 2012-11-27 |
| BISHOP, Michael Sydney | Director | — | 1999-05-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Terence Malcolm Bishop | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 131 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-24 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-20 | AA | accounts | Accounts with accounts type group | |
| 2025-10-21 | AA | accounts | Accounts with accounts type group | |
| 2025-08-23 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-08-19 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-03-21 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-13 | AA01 | accounts | Change account reference date company previous extended | |
| 2024-02-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-05 | AA | accounts | Accounts with accounts type group | |
| 2023-11-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-23 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-28 | AA | accounts | Accounts with accounts type group | |
| 2022-06-24 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.