WATES PROPERTY SERVICES LIMITED
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Cash
£20m
+23.6% highest in 3 filed years
Net assets
£45m
-5.1% vs 2024
Employees
1,762
+19.7% highest in 3 filed years
Profit before tax
£22m
+33.2% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £364,362,000 | £508,899,000 | £526,203,000 | +3.4% | |
| Operating profit | £8,686,000 | £15,398,000 | £20,244,000 | +31.5% | |
| Profit before tax | £9,038,000 | £16,319,000 | £21,739,000 | +33.2% | |
| Net profit | £7,238,000 | £16,522,000 | £17,609,000 | +6.6% | |
| Cash | £15,455,000 | £16,508,000 | £20,408,000 | +23.6% | |
| Total assets less current liabilities | £36,641,000 | £50,852,000 | £49,352,000 | -2.9% | |
| Net assets | £36,641,000 | £46,907,000 | £44,516,000 | -5.1% | |
| Equity | £36,641,000 | £46,907,000 | £44,516,000 | -5.1% | |
| Average employees | 1,010 | 1,472 | 1,762 | +19.7% | |
| Wages | £48,768,000 | £86,515,000 | £92,812,000 | +7.3% | |
| Directors' remuneration | £1,235,000 | £1,890,000 | £1,661,000 | -12.1% | |
| Directors' pension contributions | £22,000 | £30,000 | £30,000 | 0% | |
| Highest paid director | £750,000 | £907,000 | £793,000 | -12.6% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 2.4% | 3.0% | 3.8% | |
| Net margin | 2.0% | 3.2% | 3.3% | |
| Return on capital employed | 23.7% | 30.3% | 41.0% | |
| Gearing (liabilities / total assets) | 65.4% | 65.7% | 69.0% | |
| Current ratio | 1.39x | 1.44x | 1.37x |
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 5 times since incorporation
- WATES PROPERTY SERVICES LIMITED 2019-05-30 → present
- WATES LIVING SPACE (MAINTENANCE) LIMITED 2013-10-15 → 2019-05-30
- LINBROOK SERVICES LIMITED 2000-03-16 → 2013-10-15
- LINBROOK & SONS BUILDING CONTRACTORS LIMITED 1998-11-03 → 2000-03-16
- LINBROOK FACILITY SERVICES LIMITED 1998-10-15 → 1998-11-03
- LINBROOK & SONS BUILDING CONTRACTORS LIMITED 1973-10-26 → 1998-10-15
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries and considering the factors and sensitivities outlined above, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- WATES PROPERTY SERVICES LIMITED · parent
- G. Purchase Construction Limited 100%
- GW 217 Limited 100%
- Purchase Group Limited 100%
- Purchase Home Improvements Limited 100%
- Purchase Homes Limited 100%
- Purchase Support Limited 100%
Significant events
- “During 2025, the company along, with Wates Property Services (Holdings) Limited ("WPS(H)L"), a fellow subsidiary of the Wates Group, agreed a £25m three-year revolving credit facility which remained undrawn at 31 December 2025. At the same time, WPS(H)L drew down a £15m term loan which is repayable in December 2028.”
- “The Group incurred £402,000 of external advisory costs in respect of a one-off restructuring project undertaken during the year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WAINWRIGHT, Philip Michael | Secretary | 2018-12-03 | — | — |
| DESANGES, Ben Christopher | Director | 2023-05-24 | Apr 1980 | British |
| FITZGERALD, Patrick Joseph | Director | 2025-09-01 | Nov 1976 | British |
| MORGAN, David Keir Ewart | Director | 2016-06-01 | Jul 1974 | British |
| SYMEONIDES, Christopher John | Director | 2025-02-03 | Jul 1964 | British |
| THREADER, Paul Simon | Director | 2023-05-24 | May 1975 | British |
| WAINWRIGHT, Philip Michael | Director | 2018-12-03 | Apr 1965 | British |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLEN, David Owen | Secretary | 2016-01-04 | 2018-12-03 |
| DAVIES, David Huw | Secretary | 2011-05-31 | 2016-01-04 |
| DODD, Carol | Secretary | 1993-01-07 | 1993-08-06 |
| FRANKLIN, Maureen | Secretary | 2006-08-08 | 2011-05-31 |
| FRANKLIN, Maureen | Secretary | — | 1993-01-03 |
| THOMPSON, Robin Gordon | Secretary | 1993-08-06 | 2001-12-07 |
| WATSON, John Kevin | Secretary | 2001-12-07 | 2006-08-08 |
| ALLEN, David Owen | Director | 2016-01-04 | 2022-08-16 |
| BUNCH, Helen Patricia | Director | 2011-05-31 | 2025-04-30 |
| BURNETT, Ian George | Director | 2011-05-31 | 2012-12-31 |
| BURROWS, Malcolm Frederick | Director | 1999-11-07 | 2001-12-07 |
| CARTER, David Cecil | Director | 1994-04-21 | 1996-05-06 |
| CLARK, Sidney John | Director | 2002-08-07 | 2007-10-21 |
| DAVIES, Andrew Oswell Bede | Director | 2014-01-06 | 2017-11-10 |
| DAVIES, David Huw | Director | 2011-05-31 | 2016-01-04 |
| DRECHSLER, Paul Joseph | Director | 2011-05-31 | 2014-01-06 |
| FRANKLIN, Maureen | Director | — | 2011-05-31 |
| FRANKLIN, Raymond Joseph | Director | — | 2011-05-31 |
| HOBART, Andrew Hampden | Director | 2013-01-01 | 2015-12-31 |
| HOWELL, John Peter | Director | 2013-09-30 | 2016-06-30 |
| JONES, Raymond Winston | Director | 1996-11-21 | 1998-10-05 |
| KELLY, David Michael | Director | 1995-04-07 | 2011-05-31 |
| LAIRD, Andrew | Director | 2011-05-31 | 2012-04-13 |
| NIXON, Alan Peter | Director | 2007-10-21 | 2011-05-31 |
| PITTARIDES, Ioannis | Director | 2010-01-21 | 2011-05-31 |
| PITTARIDES, Ioannis | Director | 1996-11-21 | 2008-04-14 |
| POTTER, Simon James | Director | 2018-07-26 | 2025-03-31 |
| ROGERS, Graham Albert | Director | 1994-09-07 | 1995-09-29 |
| ROWAN, Paul Campbell | Director | 2015-12-31 | 2025-07-31 |
| SCOTT, Graham Roger | Director | 2004-08-14 | 2011-05-31 |
| SMITH, David Gordon, Mr. | Director | 2011-05-31 | 2016-10-17 |
| STEWART, Roderick Alistair | Director | 2011-05-31 | 2012-10-26 |
| THOMPSON, Robin Gordon | Director | — | 2011-05-31 |
| TOGWELL, Stuart John | Director | 2011-09-22 | 2018-07-25 |
| TYSON, Julia Kathryn | Director | 2011-05-31 | 2013-09-30 |
| WATSON, John Kevin | Director | 2001-03-07 | 2006-08-08 |
| WRIGHT, Martin | Director | 2002-08-07 | 2011-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wates Property Services (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-01-01 | Active |
| Wates Constructon Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2026-01-01 |
Filing timeline
Last 20 of 225 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-10 | AA | accounts | Accounts with accounts type group | |
| 2026-01-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-17 | AA | accounts | Accounts with accounts type group | |
| 2025-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-13 | AA | accounts | Accounts with accounts type group | |
| 2024-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-06 | AA | accounts | Accounts with accounts type group | |
| 2023-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-28 | AA | accounts | Accounts with accounts type group | |
| 2022-01-04 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.