WATER DIRECT LIMITED
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Cash
£2.4M
-46% vs 2024
Net assets
£19M
+53.7% highest in 6 filed years
Employees
91
+8.3% highest in 6 filed years
Profit before tax
£8M
+100.7% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-04-30
| Metric | Trend | 2020-04-30 | 2021-04-30 | 2022-04-30 | 2023-04-30 | 2024-04-30 | 2025-04-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £7,825,123 | £10,006,134 | — | — | £18,561,382 | £31,034,120 | +67.2% | |
| Operating profit | £1,577,267 | £3,225,581 | — | — | £3,913,030 | £7,921,760 | +102.4% | |
| Profit before tax | £1,561,365 | £3,196,486 | £3,690,444 | £8,341,046 | £3,970,610 | £7,969,969 | +100.7% | |
| Net profit | — | — | £3,016,341 | £6,958,226 | £3,375,716 | £6,655,505 | +97.2% | |
| Cash | £2,132,968 | £1,367,057 | £1,685,307 | £5,176,202 | £4,425,779 | £2,389,092 | -46% | |
| Total assets less current liabilities | £7,660,583 | £5,265,004 | £2,355,307 | £9,024,851 | £12,786,230 | £19,371,906 | +51.5% | |
| Net assets | £5,650,974 | £3,998,285 | £2,066,625 | £9,024,851 | £12,400,567 | £19,056,072 | +53.7% | |
| Equity | £5,650,974 | £3,998,285 | £2,066,625 | £9,024,851 | £12,400,567 | £19,056,072 | +53.7% | |
| Average employees | 55 | 52 | 53 | 68 | 84 | 91 | +8.3% | |
| Wages | £2,044,189 | £1,967,353 | £2,334,860 | £3,232,440 | £4,009,641 | £5,207,851 | +29.9% | |
| Directors' remuneration | — | — | — | — | — | — | — |
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 | 2020-04-30 | 2021-04-30 | 2022-04-30 | 2023-04-30 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | 20.2% | 32.2% | — | — | 21.1% | 25.5% | |
| Net margin | — | — | — | — | 18.2% | 21.4% | |
| Return on capital employed | 20.6% | 61.3% | — | — | 30.6% | 40.9% | |
| Gearing (liabilities / total assets) | — | — | — | — | 29.9% | 25.2% | |
| Current ratio | — | — | — | — | 2.91x | 3.69x | |
| Interest cover | 21.89x | 54.10x | — | — | — | — |
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 2 times since incorporation
- WATER DIRECT LIMITED 2016-04-09 → present
- STOURBRIDGE WATER DIRECT LIMITED 2000-07-10 → 2016-04-09
- STOURBRIDGE WATER SERVICES LIMITED 1999-07-13 → 2000-07-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA Audit Services LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “The company successfully integrated the former business of Liquiline Limited into Water Direct Ltd in February 2024, the performance of Water Direct for 2025 exceeded the prior year combined results of Water Direct and Liquiline as stand alone entities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FALCONER, Christopher Francis Gwyn | Director | 2025-12-17 | Aug 1990 | British |
| JOHNSON, Adam Thomas | Director | 2022-03-04 | Mar 1990 | British,American |
| SULLIVAN, David | Director | 2025-12-17 | Mar 1987 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLISSOLD, Graeme David Robert | Secretary | 2006-04-01 | 2014-10-01 |
| MILLS, Adrian David Andrew | Secretary | 1999-07-13 | 2005-02-07 |
| SILCOCK, Keith William | Secretary | 2005-02-07 | 2006-04-01 |
| WEST, Jonathan Hugh | Secretary | 2014-10-01 | 2022-03-04 |
| FIRST SECRETARIES LIMITED | Corporate Nominee Secretary | 1999-07-13 | 1999-07-13 |
| BLOOMFIELD, Nicola Christine | Director | 1999-07-13 | 1999-09-30 |
| CARR, Julian Edward | Director | 2025-02-07 | 2025-12-17 |
| CLARKE, Andrew | Director | 2005-01-14 | 2006-07-07 |
| CLISSOLD, Graeme David Robert | Director | 2006-04-01 | 2014-10-01 |
| COCKBURN, Jonathan Colin | Director | 2022-03-04 | 2025-12-17 |
| CONNOR, Richard Anthony | Director | 2008-01-01 | 2009-07-01 |
| HEATHCOTE, Trevor Lewis | Director | 2014-10-01 | 2022-03-04 |
| HERNANDEZ, Rafael Ruiz | Director | 2022-03-04 | 2025-12-17 |
| LLANOS, Simon Bores | Director | 2022-03-04 | 2025-12-17 |
| MACLEAN BRISTOL, Charlie Bladen Maclean | Director | 1999-08-18 | 2000-05-26 |
| MILLS, Adrian David Andrew | Director | 1999-08-18 | 2005-11-02 |
| SILCOCK, Keith William | Director | 1999-07-13 | 2014-09-01 |
| SILCOCK, Nicola Christine | Director | 2007-03-09 | 2014-10-01 |
| SMITH, Andrew Patrick | Director | 2022-03-04 | 2025-12-17 |
| TAYLOR, Raymond Edward | Director | 2006-04-05 | 2007-02-09 |
| WEST, Jonathan Hugh | Director | 2014-10-01 | 2022-03-04 |
| WITTET, Pascal Adrian | Director | 2022-03-04 | 2025-02-07 |
| FIRST DIRECTORS LIMITED | Corporate Nominee Director | 1999-07-13 | 1999-07-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Soris Acquisition Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-03-04 | Active |
| Fgs Utilities Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2022-03-04 |
Filing timeline
Last 20 of 157 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-06 | AA01 | accounts | Change account reference date company previous shortened | |
| 2026-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-16 | AA | accounts | Accounts with accounts type full | |
| 2025-08-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-13 | AA | accounts | Accounts with accounts type full | |
| 2024-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-03 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 5
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.