WATLING JCB LIMITED
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Cash
£11m
+11.8% highest in 3 filed years
Net assets
£28m
+5% highest in 3 filed years
Employees
245
+23.1% highest in 3 filed years
Profit before tax
£4.1m
-4.6% lowest in 3 filed years
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 | £154,025,000 | £126,180,000 | £163,737,000 | +29.8% | |
| Operating profit | £6,963,000 | £4,335,000 | £4,313,000 | -0.5% | |
| Profit before tax | £6,938,000 | £4,330,000 | £4,130,000 | -4.6% | |
| Net profit | £5,323,000 | £3,198,000 | £3,080,000 | -3.7% | |
| Cash | £10,430,000 | £10,095,000 | £11,282,000 | +11.8% | |
| Total assets less current liabilities | £25,766,000 | £27,425,000 | £28,835,000 | +5.1% | |
| Net assets | £25,052,000 | £26,512,000 | £27,846,000 | +5% | |
| Equity | £25,052,000 | £26,512,000 | £27,846,000 | +5% | |
| Average employees | 179 | 199 | 245 | +23.1% | |
| Wages | £9,123,000 | £9,588,000 | £12,065,000 | +25.8% | |
| Directors' remuneration | £1,448,000 | £1,368,000 | £1,517,000 | +10.9% | |
| Directors' pension contributions | £56,000 | £74,000 | £73,000 | -1.4% | |
| Highest paid director | £358,000 | £370,000 | £381,000 | +3% |
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 | 4.5% | 3.4% | 2.6% | |
| Net margin | 3.5% | 2.5% | 1.9% | |
| Return on capital employed | 27.0% | 15.8% | 15.0% | |
| Gearing (liabilities / total assets) | 38.6% | 40.9% | 36.0% | |
| Current ratio | 2.29x | 2.15x | 2.45x | |
| Interest cover | 26.48x | 10.40x | 8.54x |
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
- WATLING JCB LIMITED 1978-12-31 → present
- ELLENBROOK LIMITED 1976-02-23 → 1978-12-31
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- The Rowleys Partnership Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The business remains well funded and the Directors have concluded that the company is a going concern and able to meet its debts as they fall due for at least 12 months from the date of approval of these financial statements, and have accordingly prepared the financial statements on a going concern basis.”
Significant events
- “During the year the company has entered into risk share agreements with JCB Finance Ltd. At 31 December 2025 the maximum liability that the company is exposed to under these agreements is £2,699,000 (2024 -£2,732,000).”
- “The company had entered into non-cancellable capital commitments at the end of the year totalling £240,000 (2024: £656,000).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KING, Jason James | Secretary | 2004-02-09 | — | British |
| ARMITAGE, Christopher James | Director | 2022-09-05 | Oct 1976 | British |
| KING, Jason James | Director | 2004-02-09 | May 1971 | British |
| LEES, Anthony | Director | 2012-01-02 | Jul 1963 | British |
| TELFER, Richard Edmund | Director | 1997-12-01 | May 1969 | British |
| THOMPSTONE, Daniel Arthur | Director | 2025-01-02 | May 1972 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| STONE, David William | Secretary | — | 2004-02-09 |
| DAVIS, John Mulley | Director | — | 2007-08-31 |
| DAVIS, Suzanne Lesley | Director | — | 2003-03-31 |
| LAVERICK, George | Director | 1998-06-24 | 2010-04-09 |
| LAVERICK, George | Director | 1994-01-01 | 1997-08-01 |
| RAINE, Andrew | Director | 2010-07-01 | 2025-07-04 |
| ROBY, Michael David | Director | 2018-04-09 | 2020-05-18 |
| STONE, David William | Director | — | 2004-05-31 |
| WHAILING, Philip John | Director | 1994-01-01 | 2012-03-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hajco 199 Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 165 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-31 MA Memorandum articles
- 2025-12-31 RESOLUTIONS Resolution
- 2025-01-09 RESOLUTIONS Resolution
- 2025-01-09 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-12 | AA | accounts | Accounts with accounts type full | |
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-31 | MA | incorporation | Memorandum articles | |
| 2025-12-31 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-22 | SH01 | capital | Capital allotment shares | |
| 2025-07-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-20 | AA | accounts | Accounts with accounts type full | |
| 2025-03-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-09 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-09 | MA | incorporation | Memorandum articles | |
| 2025-01-08 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-01-07 | SH01 | capital | Capital allotment shares | |
| 2025-01-07 | SH08 | capital | Capital name of class of shares | |
| 2025-01-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-25 | AA | accounts | Accounts with accounts type full | |
| 2024-03-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-16 | AA | accounts | Accounts with accounts type full | |
| 2023-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-06 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-23 | AAMD | accounts | Accounts amended with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 4
- 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.