SMITH STONE WALTERS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-05 (in 8mo)
Last made up 2025-12-22
Watchouts
Cash
£3M
lowest in 4 filed years
Net assets
£6M
lowest in 4 filed years
Employees
64
highest in 4 filed years
Profit before tax
£2M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £8,193,168 | £5,465,793 | |
| Operating profit | — | — | — | — | £3,089,031 | £1,828,146 | |
| Profit before tax | — | — | — | — | £3,405,029 | £2,167,316 | |
| Net profit | — | — | — | — | £2,458,090 | £1,576,194 | |
| Cash | £4,719,681 | £4,548,483 | — | — | £12,054,350 | £3,211,988 | |
| Total assets less current liabilities | £6,243,506 | £7,199,409 | — | — | £14,649,227 | £6,012,082 | |
| Net assets | £6,215,466 | £7,174,050 | — | — | £14,598,564 | £5,833,218 | |
| Equity | £6,215,466 | £7,174,050 | £8,867,596 | £13,587,043 | £14,598,564 | £5,833,218 | |
| Average employees | 39 | 33 | — | — | 62 | 64 | |
| Wages | — | — | — | — | £3,387,125 | £2,571,232 | |
| Directors' remuneration | — | — | — | — | £77,968 | £45,081 |
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
FY2024 → FY2024 · period ending 2024-12-31 vs 2024-03-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 37.7% | 33.4% | |
| Net margin | — | — | — | — | 30.0% | 28.8% | |
| Return on capital employed | — | — | — | — | 21.1% | 30.4% | |
| Gearing (liabilities / total assets) | — | — | — | — | 14.8% | 28.6% | |
| Current ratio | — | — | — | — | 6.79x | 3.74x | |
| Interest cover | — | — | — | — | 65.43x | — |
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
- Berringers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- SMITH STONE WALTERS LIMITED · parent
- Smith Stone Walters Pvt Ltd 100%
- Smith Stone Walters (HK) Ltd 100%
- Smith Stone Walters GmbH 100%
Significant events
- “This period is particularly notable due to the subsequent acquisition of Smith Stone Walters by Envoy International Holdings Inc. on 24th October 2024 marking a significant milestone in the company's growth trajectory. Envoy International Holdings Inc. is a 100% owned subsidiary of Envoy Global Inc, a Company incorporated and based in the United States. The acquisition strengthens the Company's ability to deliver comprehensive immigration solutions on a global scale. Envoy's technology-driven approach and international reach complement our deep expertise and client-centric ethos, enabling the combined entity to offer a more robust and unified service to clients navigating complex mobility challenges. As part of the acquisition, the UK Group was restructured, with Smith Stone Walters (HK) Ltd and Smith Stone Walters GmbH being acquired as subsidiaries of Smith Stone Walters Ltd (UK), joining Smith Stone Walters Pvt Ltd (India). The USA subsidiary, Smith Stone Walters Ltd (USA) was disposed of.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SABATE, Hadleigh Molly Ramos | Secretary | 2025-03-05 | — | — |
| BRENNAN, Jason Christopher | Director | 2025-07-14 | Jan 1971 | American |
| KING, Sophy Frances | Director | 2024-10-24 | Mar 1977 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HUGKULSTONE, David Andrew | Secretary | 2000-12-29 | 2024-10-24 |
| LONDON LAW SECRETARIAL LIMITED | Corporate Nominee Secretary | 2000-12-29 | 2000-12-29 |
| BURKE JR, Richard William | Director | 2024-10-24 | 2025-07-14 |
| HUGKULSTONE, David Andrew | Director | 2000-12-29 | 2024-10-24 |
| SMITH, Gary | Director | 2000-12-29 | 2024-10-24 |
| WALTERS, James Alan | Director | 2000-12-29 | 2024-10-24 |
| LONDON LAW SERVICES LIMITED | Corporate Nominee Director | 2000-12-29 | 2000-12-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr David Andrew Hugkulstone | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-10-24 |
| Mr James Alan Walters | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-10-24 |
| Mr Gary Smith | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-10-24 |
Filing timeline
Last 20 of 90 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-17 MA Memorandum articles
- 2024-11-17 MA Memorandum articles
- 2024-11-17 RESOLUTIONS Resolution
- 2024-11-09 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-07-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-16 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-03-14 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-01-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-17 | MA | incorporation | Memorandum articles | |
| 2024-11-17 | MA | incorporation | Memorandum articles | |
| 2024-11-17 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-11 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-11-09 | CC04 | change-of-constitution | Statement of companys objects | |
| 2024-11-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-06 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.