SOLAR WATER PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-12 (in 1y)
Last made up 2026-04-28
Watchouts
Cash
£5K
-86.1% lowest in 4 filed years
Net assets
£427K
-2.9% lowest in 3 filed years
Employees
2
0% vs 2023
Profit before tax
-£147K
+58.9% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
In addition, as disclosed in the going concern note in the financial statements, which indicates that further funding will be required within 12 months following the date of the approval of the financial statements to meet the working requirements and fund further research to the company's projects.
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
8-year trend · vs Utilities median
Accounts
8-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-10-31 | 2019-10-31 | 2020-12-31 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | -£335,907 | -£147,193 | |
| Profit before tax | — | — | — | -£2,146,146 | — | — | -£358,230 | -£147,180 | |
| Net profit | — | — | — | -£2,146,146 | — | — | -£358,230 | -£147,180 | |
| Cash | — | — | — | £83,116 | £83,117 | — | £39,071 | £5,412 | |
| Total assets less current liabilities | — | — | — | £1,496,235 | — | — | £454,712 | £431,263 | |
| Net assets | — | — | — | £1,267,617 | — | — | £439,652 | £426,972 | |
| Equity | £877,271 | £584,414 | £331,694 | £1,267,617 | £831,793 | £797,882 | £439,652 | £426,972 | |
| Average employees | — | — | — | 7 | — | — | 2 | 2 | |
| Wages | — | — | — | £2,002,861 | — | — | £89,359 | £49,713 | |
| Directors' remuneration | — | — | — | £228,187 | — | — | £4,683 | £584 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
-86.1%
£39,071 £5,412
lowest in 4 filed years
-
Net assets
-2.9%
£439,652 £426,972
lowest in 3 filed years
-
Employees
0%
2 2
-
Operating profit
+56.2%
-£335,907 -£147,193
-
Profit before tax
+58.9%
-£358,230 -£147,180
highest in 3 filed years
-
Wages
-44.4%
£89,359 £49,713
lowest in 3 filed years
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-10-31 | 2019-10-31 | 2020-12-31 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Return on capital employed | — | — | — | — | — | — | -73.9% | -34.1% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | 63.6% | 61.9% | |
| Current ratio | — | — | — | — | — | — | 0.34x | 0.32x | |
| Interest cover | — | — | — | — | — | — | -164.98x | -251.18x |
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
- SOLAR WATER PLC 2018-02-07 → present
- WATERL'EAU PLC 2000-10-23 → 2018-02-07
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Makesworth Audit Services Ltd
- Audit opinion
- Qualified
- Going concern
- Material uncertainty disclosed
“In addition, as disclosed in the going concern note in the financial statements, which indicates that further funding will be required within 12 months following the date of the approval of the financial statements to meet the working requirements and fund further research to the company's projects.”
Significant events
- “In response to a discernible gap in Mr. Aw's familiarity with the operational intricacies of the company highlighted in the recent audit report, Solar Water Plc embarked on a strategic restructuring process.”
- “the executive chairman leveraged personal contacts to initiate discussions with new investors from the EU, Hong Kong, Malaysia, Saudi Arabia, the UAE, the UK and the US demonstrating a global approach to attracting investment and fostering international partnerships.”
- “The company is currently engaged in litigation with one of its major trade creditors, Sterling Thermal Technology Limited, regarding a payable amount of £600,864.”
- “As a result of this ongoing legal dispute, there is a potential VAT liability of £100,144, which relates to the input VAT that was claimed on this payable amount.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AW, Malcolm | Director | 2000-10-23 | May 1947 | British |
| CRUSE, Toby John | Director | 2025-09-29 | Oct 1980 | British |
| TONNELLIER, Xavier, Dr | Director | 2017-01-28 | Apr 1980 | French |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AW, Malcolm | Secretary | 2000-10-23 | 2019-06-28 |
| DREGER-SMITH, Beata | Secretary | 2019-07-03 | 2020-10-30 |
| SAME-DAY COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 2000-10-23 | 2000-10-23 |
| AW, Christopher | Director | 2012-03-18 | 2013-11-05 |
| CHEONG CHEN, Kwai | Director | 2025-03-11 | 2026-01-16 |
| DREGER-SMITH, Beata | Director | 2020-03-18 | 2020-10-30 |
| GONZALEZ MARRERO, Miguel Angel | Director | 2011-02-11 | 2012-04-18 |
| GRAHAM, Ian | Director | 2024-11-07 | 2026-01-16 |
| JOHNSTONE, Gillian, Mrs. | Director | 2017-12-11 | 2018-10-19 |
| KOH, Seng Chaun Liam | Director | 2002-11-08 | 2013-11-05 |
| KOH LIAM, Seng Chuan | Director | 2014-08-07 | 2023-04-12 |
| MACWHIRTER, Stuart Boyde | Director | 2017-07-12 | 2018-03-12 |
| O'BROIN, Declan, Dr | Director | 2003-01-23 | 2013-11-04 |
| PILKINGTON-MIKSA, Jan | Director | 2017-04-03 | 2020-12-07 |
| POINDEXTER, Todd Clarke | Director | 2012-08-23 | 2012-08-27 |
| RAMALLO GALVAN, Saulo | Director | 2011-02-11 | 2013-11-04 |
| RAMALLO GALVAN, Saulo | Director | 2000-10-23 | 2003-04-24 |
| REAVLEY, David | Director | 2018-10-18 | 2023-04-12 |
| REAVLEY, Guy Andrew | Director | 2021-02-25 | 2023-04-12 |
| SANSOM, Christopher Leslie, Professor | Director | 2023-09-08 | 2025-11-30 |
| SANSOM, Christopher Leslie, Dr | Director | 2016-11-03 | 2023-04-12 |
| SANSOM, Christpher Leslie | Director | 2016-04-22 | 2016-11-03 |
| TERRITT, Martin | Director | 2018-02-05 | 2019-07-17 |
| TROYANO MARTINEZ, Jose Juan, Dr | Director | 2011-02-11 | 2013-11-04 |
| WHITEHEAD, James Hugo | Director | 2021-02-25 | 2023-02-09 |
| YAP, Ngen Siak | Director | 2021-02-25 | 2023-04-12 |
| SAME-DAY COMPANY SERVICES LIMITED | Corporate Director | 2000-10-23 | 2000-10-23 |
| SOLAR WATER ENGINEERING LIMITED | Corporate Director | 2023-10-11 | 2024-08-02 |
| WILDMAN & BATTELL LIMITED | Corporate Nominee Director | 2000-10-23 | 2000-10-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Malcolm Aw | Individual | Shares 50–75%, Appoints directors | 2016-11-08 | Active |
Filing timeline
Last 20 of 179 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-17 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-29 | AA | accounts | Accounts with accounts type full | |
| 2025-12-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-20 | CH01 | officers | Change person director company with change date | |
| 2025-03-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-06 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-01-03 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-12-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-06 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
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.