DEVONPORT ROYAL DOCKYARD LIMITED
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Cash
£299k
-8.3% vs 2025
Net assets
£585m
+25.1% highest in 3 filed years
Employees
10,199
+7.3% highest in 3 filed years
Profit before tax
£156m
+23.9% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
DEVONPORT ROYAL DOCKYARD LIMITED·Industrials median
DEVONPORT ROYAL DOCKYARD LIMITED·Industrials median
DEVONPORT ROYAL DOCKYARD LIMITED·Industrials median
DEVONPORT ROYAL DOCKYARD LIMITED·Industrials median
DEVONPORT ROYAL DOCKYARD LIMITED·Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,522,764,000 | £1,749,876,000 | £1,867,404,000 | +6.7% | |
| Operating profit | £77,035,000 | £114,608,000 | £131,018,000 | +14.3% | |
| Profit before tax | £72,820,000 | £125,702,000 | £155,714,000 | +23.9% | |
| Net profit | £49,570,000 | £75,916,000 | £131,875,000 | +73.7% | |
| Cash | £288,000 | £326,000 | £299,000 | -8.3% | |
| Total assets less current liabilities | £511,615,000 | £586,602,000 | £700,530,000 | +19.4% | |
| Net assets | £357,153,000 | £467,479,000 | £584,657,000 | +25.1% | |
| Equity | £357,153,000 | £467,479,000 | £584,657,000 | +25.1% | |
| Average employees | 9,084 | 9,502 | 10,199 | +7.3% | |
| Wages | £452,733,000 | £485,709,000 | £519,253,000 | +6.9% | |
| Directors' remuneration | £1,865,000 | £1,210,000 | £883,000 | -27% | |
| Directors' pension contributions | £84,000 | £92,000 | £48,000 | -47.8% | |
| Highest paid director | £618,000 | £474,000 | £640,000 | +35% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 5.1% | 6.5% | 7.0% | |
| Net margin | 3.3% | 4.3% | 7.1% | |
| Return on capital employed | 15.1% | 19.5% | 18.7% | |
| Gearing (liabilities / total assets) | 71.9% | 58.6% | 54.1% | |
| Current ratio | 0.24x | 1.44x | 1.59x | |
| Interest cover | 14.77x | 13.40x | 22.69x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have concluded that the Company has adequate resources to continue as a going concern for at least 12 months from the date of these financial statements. The Directors have not identified any material uncertainties related to events or conditions that may cast significant doubt upon the Company's ability to continue as a going concern.”
Significant events
- “Following closure of the BIG Pension Scheme to future benefit accrual in the year ended 31 March 2025, the Group has reassessed its allocation basis in respect of this scheme... This reallocation... has been accounted for as a settlement... with a one-off income statement charge of £5.9 million.”
- “During the year a 2-year extension was agreed for the Lot 2 contract supporting Warships upkeep and a 6-month bridging agreement was agreed to cover all other Lots to the 30th September 2026.”
- “The Gateway Agreement (GA) is currently under discussion with the MOD, which will replace both the ToBA and FMSP contracts (other than the Lot 2 Warships Upkeep Programme) from September 2026 to March 2032.”
- “In July 2025 Devonport dockyard was opened to the public for the first time since 2009, welcoming over 10,000 visitors over two days.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 68 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WALTERS, Jenna Louise | Secretary | 2025-06-20 | — | — |
| CARRICK, Richard James | Director | 2024-11-01 | Jan 1966 | British |
| GANE, John Robert | Director | 2022-03-07 | Mar 1971 | British |
| HEDICKER, Gareth John | Director | 2025-07-18 | Sep 1974 | British |
| KIERAN, Dominic John | Director | 2021-09-15 | May 1974 | British |
| LAWTON, Mark David | Director | 2024-07-24 | Aug 1972 | British |
| MISELL, Neal Gregory | Director | 2026-05-06 | Oct 1967 | British |
Show 68 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FEL, Pascal | Secretary | 2023-02-14 | 2024-11-14 |
| GREIG, John David Taylor | Secretary | 2008-04-01 | 2014-06-01 |
| LYON, George Traill | Secretary | — | 1997-08-29 |
| WARREN, Henry William | Secretary | 1997-09-04 | 2008-04-04 |
| WOOD, Julia Mary | Secretary | 2014-06-01 | 2023-02-14 |
| BEDELIAN, Haro Moushegh | Director | 1997-03-14 | 1998-10-01 |
| BETHEL, Archibald Anderson | Director | 2007-06-28 | 2014-02-01 |
| BOWEN, Simon Christopher | Director | 2020-02-19 | 2025-08-29 |
| BOYD, Ian Mair | Director | 1999-07-28 | 2006-04-06 |
| BUTLER, Basil Richard Ryland | Director | — | 1994-10-25 |
| DAVIDSON, Robert James, Sir | Director | — | 1996-03-31 |
| DONALDSON, John Anthony | Director | 2014-01-31 | 2016-10-04 |
| DOUGLAS, Kenneth Malcolm | Director | 2024-02-14 | 2024-09-30 |
| DUNBAR, David Addison Milne | Director | 1997-03-14 | 2007-06-28 |
| FETTERMAN, Anthony Jeffrey | Director | 1998-05-28 | 1999-11-18 |
| FORAN, Richard | Director | 2020-06-25 | 2026-03-25 |
| FOSTER, Paul | Director | 2020-10-15 | 2022-01-18 |
| FOSTER, Simon | Director | 2018-10-04 | 2019-08-23 |
| FOSTER, Simon | Director | 2016-10-04 | 2017-07-05 |
| FOX, Nicola Mary | Director | 2023-04-28 | 2023-10-20 |
| FOX, Nicola Mary | Director | 2021-02-17 | 2023-04-26 |
| FRENCH, Stephen Amos | Director | 2016-10-04 | 2020-06-18 |
| GARRICK, Ronald, Sir | Director | 1997-03-14 | 1999-01-31 |
| GILBERT, Dennis Ernest | Director | 1996-09-24 | 2018-06-04 |
| GILLESPIE, Roger Keith | Director | 2008-04-16 | 2011-06-01 |
| GOODMAN, Kevin William | Director | 2008-04-16 | 2009-07-28 |
| HALL, Jonathan, Dr | Director | 2008-11-28 | 2014-02-01 |
| HARDY, Roger Andrew | Director | 2008-04-04 | 2010-04-14 |
| HOLT, Harry Arthur Blair | Director | 2024-02-14 | 2026-04-30 |
| HOMER, Michael Stephen | Director | 2019-04-01 | 2021-08-18 |
| HOMER, Michael Stephen | Director | 2010-04-14 | 2016-10-04 |
| HOWIE, John Wallace | Director | 2011-06-01 | 2016-10-04 |
| HOWIE, John Wallace | Director | 2008-01-21 | 2009-07-17 |
| JEWELL, Ian | Director | 2014-01-31 | 2016-10-04 |
| JONES, Derek Malcolm | Director | 2014-01-31 | 2016-10-04 |
| JONES, Philip Ross | Director | 2008-04-16 | 2016-03-31 |
| LAMBERT, Gary | Director | 2016-10-04 | 2019-12-31 |
| LECKIE, Gavin Michael | Director | 2016-06-16 | 2019-08-22 |
| LEECE, Michael Jeffrey | Director | — | 1996-06-30 |
| LIEW, Bang Chuan | Director | 2006-04-06 | 2007-06-28 |
| LOCKHART, Craig | Director | 2016-10-04 | 2019-02-28 |
| LOCKHART, Craig, Mr. | Director | 2008-04-16 | 2014-02-01 |
| MACLACHLAN, Rodney Ewen | Director | 1995-05-15 | 1997-03-13 |
| MATHEWS, Andrew David Hugh, Sir | Director | 2016-10-04 | 2024-09-30 |
| MEAD, Christopher John | Director | 2000-12-07 | 2004-10-13 |
| MITCHELSON, Alan Wallace Fernie | Director | 2006-04-06 | 2007-06-28 |
| MORGAN, Iain Kenneth | Director | 2005-04-14 | 2005-12-02 |
| NICHOLLS, Andrew Charles | Director | 2008-04-16 | 2008-11-28 |
| NOBLE, Trevor Mills | Director | 1997-04-18 | 2000-07-31 |
| PETTIGREW, Timothy Michael Robert | Director | 2009-07-17 | 2014-02-01 |
| PLEDGER, Malcolm David, Sir | Director | 2006-08-12 | 2007-06-28 |
| PRYOR, Anthony Francis | Director | 1996-07-23 | 2006-04-06 |
| READ, Eric Stephen | Director | 2000-04-06 | 2003-12-22 |
| READ, Eric Stephen | Director | 1997-05-02 | 1997-11-04 |
| ROGERS, Peter Lloyd | Director | 2007-06-28 | 2008-04-16 |
| ROSE, Andrew Edward | Director | 1999-07-28 | 2007-06-28 |
| SELWAY, Mark Wayne | Director | 2005-04-14 | 2007-06-28 |
| SEMKEN, David St John | Director | 2014-01-31 | 2016-10-04 |
| SIMPSON, Gary | Director | 2022-03-14 | 2024-11-12 |
| SPURR, Dr Andrew, Dr | Director | 2019-06-13 | 2023-12-31 |
| STANSKI, Bruce Allen | Director | 2003-12-22 | 2007-06-28 |
| TAME, William | Director | 2007-06-28 | 2008-04-16 |
| TOMKINS, Christopher Alan | Director | 2016-10-04 | 2018-02-28 |
| TYLER, Ian Paul | Director | 1997-06-19 | 2007-06-28 |
| URQUHART, Iain Stuart | Director | 2007-06-28 | 2014-02-01 |
| WARREN, Henry William | Director | — | 2008-04-04 |
| WATSON, Paul | Director | 2022-03-07 | 2024-07-24 |
| WHALLEY, Michael | Director | 2014-01-31 | 2016-10-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Babcock Marine (Devonport) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 298 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-19 | AA | accounts | Accounts with accounts type full | |
| 2026-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-07 | AA | accounts | Accounts with accounts type full | |
| 2025-11-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-06-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-24 | AA | accounts | Accounts with accounts type full | |
| 2024-11-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-11-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-22 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.