WASHINGTON METALWORKS LIMITED
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Cash
£1.5M
-22.1% lowest in 3 filed years
Net assets
£8.2M
+0.7% highest in 3 filed years
Employees
209
-9.1% lowest in 3 filed years
Profit before tax
£166K
-85.3% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £17,109,222 | £16,715,711 | £14,072,149 | -15.8% | |
| Operating profit | £1,709,451 | £1,348,533 | £322,727 | -76.1% | |
| Profit before tax | £1,437,323 | £1,128,742 | £166,463 | -85.3% | |
| Net profit | £1,230,082 | £927,320 | £83,347 | -91% | |
| Cash | £2,500,558 | £1,879,422 | £1,464,886 | -22.1% | |
| Total assets less current liabilities | £11,815,533 | £11,027,069 | £10,885,566 | -1.3% | |
| Net assets | £7,228,498 | £8,126,318 | £8,181,165 | +0.7% | |
| Equity | £7,228,498 | £8,126,318 | £8,181,165 | +0.7% | |
| Average employees | 247 | 230 | 209 | -9.1% | |
| Wages | £6,328,952 | £6,504,763 | £5,917,080 | -9% | |
| Directors' remuneration | £154,460 | £228,020 | £127,650 | -44% |
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 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | 10.0% | 8.1% | 2.3% | |
| Net margin | 7.2% | 5.5% | 0.6% | |
| Return on capital employed | 14.5% | 12.2% | 3.0% | |
| Current ratio | — | 1.97x | 2.28x | |
| Interest cover | 6.13x | 5.05x | 1.72x |
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
- WASHINGTON METALWORKS LIMITED 2018-05-17 → present
- WASHINGTON METAL WORKS LIMITED 1985-02-11 → 2018-05-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Armstrong Watson Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Significant events
- “The cancellation of HS2 by the government put downward pressure on sales in our Rail sector”
- “Work has now started on our factory extension, with completion estimated for Winter 2025. This extension will provide an additional 1400m2 of operating space”
- “Our energy costs increased by 52% in this financial year, caused by higher electricity rates.”
- “WMW invested £0.5m into a CHP unit, however delays to the project led to commissioning of the machinery in winter of 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TATE, Judith Anne | Secretary | 2018-02-09 | — | — |
| MCGOWAN, Paul Francis | Director | 2016-12-09 | Nov 1963 | British |
| TATE, Joshua Stephen | Director | 2023-10-01 | Mar 1991 | British |
| TATE, Stephen John | Director | — | Jan 1959 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TATE, Stephen John | Secretary | — | 2018-02-09 |
| ATKINSON, Paul | Director | 2016-12-09 | 2018-11-16 |
| BARELLA, Ronald | Director | — | 2016-12-02 |
| SNAITH, William, Dr | Director | 2016-12-09 | 2019-08-19 |
| STEWART, Bryan | Director | — | 1993-09-24 |
| SWINBURN, Thomas | Director | 2016-12-09 | 2024-01-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wmw Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-06-29 | Active |
| Mr Ronald Barella | Individual | Shares 25–50% | 2016-04-06 | Ceased 2016-12-02 |
| Mr Steven John Tate | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 127 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-19 | AA | accounts | Accounts with accounts type full | |
| 2025-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-19 | AA | accounts | Accounts with accounts type full | |
| 2024-10-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-11 | AA | accounts | Accounts with accounts type full | |
| 2023-10-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-05 | AA | accounts | Accounts with accounts type full | |
| 2022-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-16 | AA | accounts | Accounts with accounts type full | |
| 2021-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-17 | AA | accounts | Accounts with accounts type full | |
| 2021-01-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-02 | AA | accounts | Accounts with accounts type full | |
| 2019-11-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-11-27 | TM01 | officers | Termination director company with name termination date | |
| 2018-12-17 | AA | accounts | Accounts with accounts type full | |
| 2018-11-30 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.