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Cash

£3.7m

-66.1% lowest in 3 filed years

Net assets

£13m

-34% lowest in 3 filed years

Employees

232

+2.2% vs 2024

Profit before tax

-£5.8m

-75.3% lowest in 3 filed years

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31

Metric Trend 2023-03-312024-03-312025-03-31 Δ vs prior
Turnover £58,384,355£45,063,017£40,579,795 -9.9%
Operating profit £551,853-£3,584,601-£5,937,100 -65.6%
Profit before tax £335,158-£3,292,860-£5,772,025 -75.3%
Net profit £34,842-£3,150,265-£5,627,769 -78.6%
Cash £11,060,116£10,925,223£3,699,976 -66.1%
Total assets less current liabilities £23,342,519£20,087,865£13,254,096 -34%
Net assets £23,238,130£20,087,865£13,254,096 -34%
Equity £23,238,130£20,087,865£13,254,096 -34%
Average employees 236227232 +2.2%
Wages £7,599,499£7,645,524£9,125,029 +19.4%
Directors' remuneration £172,255£146,230£145,446 -0.5%

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 2023-03-312024-03-312025-03-31
Operating margin 0.9%-8.0%-14.6%
Net margin 0.1%-7.0%-13.9%
Return on capital employed 2.4%-17.8%-44.8%
Gearing (liabilities / total assets) 13.2%18.6%
Current ratio 6.28x4.26x3.39x

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
Kreston Reeves Audit LLP
Audit opinion
Disclaimer of opinion
Going concern
Affirmed

“Having undertaken this assessment, the directors have a reasonable expectation that the company will have adequate financial resources to meet its obligations as they fall due and to continue in operational existence for the foreseeable future. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.”

Group structure

  1. CROWN PRODUCTS (KENT) LIMITED · parent
    1. Waterline Group Plc 97.86% · Kent
    2. Waterline Limited 97.86% · London
    3. Coolectric Limited 97.86% · Kent

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

2 active · 9 resigned

Name Role Appointed Born Nationality
EVANS, Richard Taylor Director 2015-08-14 Apr 1969 British
HEAD, Barry John Director 1993-03-31 Nov 1968 British
Show 9 resigned officers
Name Role Appointed Resigned
MCALLISTER, Robert Francis Secretary 2003-03-31
ZAHEER, Vadakke Vayante Valappil Secretary 2003-03-31 2022-04-01
EVANS, Susan Patricia Director 2006-01-13
HEAD, Martin Bruce Director 2010-09-07 2015-04-01
HEAD, Michael John Director 2021-09-30
HEAD, Sally Director 2008-12-20
HOSKING, Robert Vincent Director 2008-12-31
MCCARTHY, Anthony Gerard Director 2024-08-01
SKULL, Stuart Richard Director 2009-03-31

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mr Barry John Head Individual Significant influence (as trust) 2016-04-06 Active
Mr Martin Bruce Head Individual Significant influence (as trust) 2016-04-06 Active

Filing timeline

Last 20 of 110 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2024-08-15 RESOLUTIONS Resolution
Date Type Category Description
2026-07-29 AA accounts Accounts with accounts type group
2026-06-06 DISS40 gazette Gazette filings brought up to date
2026-05-26 GAZ1 gazette Gazette notice compulsory
2026-04-01 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-04-02 CS01 confirmation-statement Confirmation statement with updates PDF
2025-03-31 AA accounts Accounts with accounts type group PDF
2024-08-16 SH03 capital Capital return purchase own shares
2024-08-15 RESOLUTIONS resolution Resolution
2024-08-14 SH06 capital Capital cancellation shares
2024-08-08 TM01 officers Termination director company with name termination date PDF
2024-04-09 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-03-28 AA accounts Accounts with accounts type group PDF
2023-03-31 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-12-23 AA accounts Accounts with accounts type group PDF
2022-04-04 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-04-04 TM02 officers Termination secretary company with name termination date PDF
2022-03-31 AA accounts Accounts with accounts type group PDF
2021-10-15 TM01 officers Termination director company with name termination date PDF
2021-04-07 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-03-31 AA accounts Accounts with accounts type group PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

last 12 months

Capital events
2

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page