WAI-UK LTD
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Cash
£161K
-66.7% vs 2024
Net assets
£4M
-4.9% vs 2024
Employees
28
+3.7% vs 2024
Profit before tax
-£273K
-141.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £9,137,756 | £10,492,655 | — | £8,936,873 | £10,564,345 | £13,524,914 | +28% | |
| Operating profit | £530,814 | £803,511 | — | -£9,906 | £657,400 | -£106,739 | -116.2% | |
| Profit before tax | £530,463 | -£590,335 | £82,762 | -£9,906 | £663,443 | -£272,772 | -141.1% | |
| Net profit | £431,036 | -£748,883 | £65,714 | -£7,237 | £494,967 | -£208,336 | -142.1% | |
| Cash | £847,484 | £316,918 | £100,137 | £616,314 | £483,870 | £161,056 | -66.7% | |
| Total assets less current liabilities | £6,142,831 | £3,706,012 | £3,788,774 | £3,778,868 | £4,308,737 | £4,182,196 | -2.9% | |
| Net assets | £6,131,460 | £3,694,705 | £3,760,419 | £3,753,182 | £4,248,149 | £4,039,813 | -4.9% | |
| Equity | £6,131,460 | £3,694,705 | £3,760,419 | £3,753,182 | £4,248,149 | £4,039,813 | -4.9% | |
| Average employees | 59 | 44 | 35 | 25 | 27 | 28 | +3.7% | |
| Wages | £1,151,312 | £942,544 | £784,072 | £927,348 | £981,855 | £1,199,486 | +22.2% | |
| Directors' remuneration | £0 | £29,461 | £97,515 | £112,712 | £197,704 | £212,814 | +7.6% |
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 | 2021-03-31 | 2022-03-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 5.8% | 7.7% | — | -0.1% | 6.2% | -0.8% | |
| Net margin | 4.7% | -7.1% | — | -0.1% | 4.7% | -1.5% | |
| Return on capital employed | 8.6% | 21.7% | — | -0.3% | 15.3% | -2.6% | |
| Gearing (liabilities / total assets) | — | — | — | 40.0% | 54.3% | — | |
| Current ratio | — | — | — | 2.42x | 1.80x | 1.42x | |
| Interest cover | — | — | — | — | 40.62x | -0.56x |
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
- WAI-UK LTD 2025-09-01 → present
- WOOD AUTO SUPPLIES LIMITED 1965-06-11 → 2025-09-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Pierce C A Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “The company has now successfully integrated itself within the WAI Global group. Its ongoing sales strategy to target larger automotive aftermarket customers within the UK by leveraging the group's resources, scale and financial strength has proved to be successful and remains a key strategy for future growth. The company expects to see further growth from the consolidation and synergies of its group businesses within the UK. In addition, the company expects to deliver growth by entering into new product markets including air conditioning units and brake calipers.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SWITHENBANK, Karen Angela | Secretary | 2023-11-14 | — | — |
| BLISSETT, Michael Peter | Director | 2023-11-14 | Feb 1976 | British |
| HEYWOOD, Graham James | Director | 2006-05-08 | May 1977 | British |
| KAM, Alexander | Director | 2022-01-28 | Dec 1982 | Dutch |
| WELLAND, Richard Andrew | Director | 2025-08-29 | May 1968 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MELIA, Julia Ruth | Secretary | — | 2002-02-28 |
| STEAD, Alan Martin | Secretary | 2002-04-01 | 2022-01-28 |
| BATEMAN, Martin Chester | Director | — | 1998-11-20 |
| COXELL, Martin David | Director | 1994-04-01 | 2001-12-31 |
| HARRISON, Derek | Director | — | 1992-01-02 |
| HEYWOOD, Robert Edward James | Director | — | 2022-01-28 |
| MELIA, Julia Ruth | Director | 1992-01-28 | 2002-02-28 |
| STEAD, Alan Martin | Director | 2002-04-01 | 2023-11-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wetherill Europe B.V. | Corporate entity | Shares 75–100%, Voting 75–100% | 2025-08-29 | Ceased 2025-08-29 |
| Wetherill Europe B.V. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-08-29 | Active |
| Wood Auto Supplies (Topco) Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-01-27 | Ceased 2025-08-29 |
| Rga (Holdco) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-01-26 | Ceased 2022-01-27 |
| Rga Newco (2012) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-03-31 | Ceased 2022-01-26 |
| Wood Auto (Holdings) Limited | Corporate entity | Shares 75–100% (as firm), Voting 75–100% (as firm) | 2016-04-06 | Ceased 2020-03-31 |
Filing timeline
Last 20 of 165 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-01 CERTNM Certificate change of name company PDF
- 2024-12-27 MA Memorandum articles
- 2024-12-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-29 | AA | accounts | Accounts with accounts type full | |
| 2026-05-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-05-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-22 | AD02 | address | Change sail address company with old address new address | |
| 2026-05-22 | CH01 | officers | Change person director company with change date | |
| 2026-05-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-10 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-01 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-10 | AA | accounts | Accounts with accounts type full | |
| 2024-12-27 | MA | incorporation | Memorandum articles | |
| 2024-12-27 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-05-29 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 1
- 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.