DEFENCE MANAGEMENT (WATCHFIELD) LIMITED

• ⚠

  Material uncertainty over going concern

  These financial statements have been prepared on a basis other than going concern for the reasons set out in the Accounting Policies.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -48.8%

  £14,213,216 → £7,283,187

  lowest in 3 filed years

• Cash

  -47.8%

  £4,952,366 → £2,585,872

  lowest in 3 filed years

• Net assets

  -50.8%

  £14,220,689 → £6,997,476

  lowest in 3 filed years

• Employees

  —

  Not reported

• Operating profit

  -540.7%

  -£1,686,938 → -£10,807,963

• Profit before tax

  -5,712%

  -£163,491 → -£9,502,062

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“These financial statements have been prepared on a basis other than going concern for the reasons set out in the Accounting Policies.”

Significant events

• “The Secretary of State for Defence and the Company have concluded arrangements for an early exit of the PFI contract for the Joint Services Command and Staff College as at 31 July 2025 and the Company ceased trading on that date.”
• “In 2022 a calculation error in the re-basing of the pricing which was incorporated in a prior contract variation was identified and which would have resulted in the income to the Company significantly reducing from the originally contracted position from September 2023. The Company commenced Arbitration proceedings for rectification of the error in 2024. The Arbitration was in process at the balance sheet date.”
• “As noted the arbitration concluded in March 2025. This is disclosed in note 15.”

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

Filings

6

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.