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Next accounts due

2026-12-31 (in 7mo)

Last filed for 2025-03-31

Confirmation statement due

2027-03-15 (in 10mo)

Last made up 2026-03-01

Watchouts

None on the register

Cash

£78K

-57.2% lowest in 5 filed years

Net assets

-£111K

-119% vs 2024

Employees

4

0% vs 2024

Profit before tax

-£14K

-279.5% vs 2024

Accounts

5-year trend · latest reflected 2025-03-31

Metric Trend 2021-03-312022-03-312023-03-312024-03-312025-03-31
Turnover £394,220£486,454
Operating profit -£3,644-£35,228
Profit before tax £7,746-£13,904
Net profit £7,746-£13,904
Cash £131,941£124,498£215,528£182,895£78,335
Total assets less current liabilities £974,952£253,441
Net assets £586,441-£111,463
Equity £586,441-£111,463
Average employees 44
Wages £213,498£219,388
Directors' remuneration £121,956£128,116

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 → FY2025 · period ending 2025-03-31 vs 2024-03-31

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 2021-03-312022-03-312023-03-312024-03-312025-03-31
Operating margin -0.9%-7.2%
Net margin 2.0%-2.9%
Return on capital employed -0.4%-13.9%
Gearing (liabilities / total assets) 39.8%144.0%
Current ratio 0.85x0.47x
Interest cover -0.28x-2.98x

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
IFRS
Reporting scope
Standalone (parent only)
Abridged
Yes — abridged accounts (limited disclosure)
Auditor
Azets Audit Services
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The company continues to use the going concern basis of preparation for its financial statements. The directors are satisfied that, with the continued support of Welsh Government, it will continue to trade for the foreseeable future. Welsh Goverment is committed to ensuring that DCFW remains a going concern.”

Group structure

  1. DCFW LIMITED · parent
    1. Welsh Government

Significant events

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

People

9 active · 23 resigned

Name Role Appointed Born Nationality
HEAL, Jennifer Ann Secretary 2026-01-01
BIDDULPH, Michael James Director 2021-04-01 Jun 1967 British
EVANS, Barny Director 2025-04-01 Jun 1977 British
JAMES, Jon Director 2021-04-01 Sep 1975 British
JONES, David Simon Director 2025-04-01 Jul 1968 British
JONES, David Ewan Director 2024-05-01 Aug 1968 British
KWIATKOWSKI, Cora Director 2021-04-01 Apr 1974 British,German
POWER, Simon Director 2025-04-01 Dec 1968 British
REES, Joanna Director 2021-04-01 Jun 1969 Welsh
Show 23 resigned officers
Name Role Appointed Resigned
DAVIES, Carole-Anne Secretary 2003-04-01 2025-12-31
EVERSECRETARY LIMITED Corporate Secretary 2002-03-11 2003-05-02
ADAMS, Eileen Director 2007-04-01 2012-06-25
AKBAR, Zaynub Director 2025-04-01 2026-04-06
CARTER, Ian Walter James, Mr. Director 2016-04-01 2024-03-31
DONOVAN, Geraldine Frances Director 2002-05-01 2005-03-31
FRANCIS, Alan Wakefield Director 2005-06-27 2016-03-31
GRAY-WILLIAMS, Elinor Director 2016-04-01 2024-03-31
HALL, Wendy Lister Director 2005-06-27 2006-12-08
HALLETT, Mark Jonathan Director 2009-10-19 2018-03-31
JARDINE, Philip Jeffrey Director 2011-04-01 2021-03-31
JONES, David Ewan Director 2011-04-01 2021-03-31
JONES, Gayna Director 2011-04-01 2024-04-30
MCLEAN, Catherine Director 2002-05-01 2011-03-09
NIXON, Fiona Director 2016-04-01 2024-03-31
PARNABY, Richard Anthony, Professor Director 2002-05-01 2012-03-31
PUNTER, John, Professor Director 2002-05-01 2012-03-31
RYAN, Gerard Finbar Director 2005-06-27 2015-03-31
SKEMPTON, Trevor Rowland Director 2010-04-01 2020-03-31
VANNER, Paul Richard Director 2002-05-01 2006-07-04
WILLIAMS, Rhys Graham Director 2002-05-01 2005-03-31
WILSON, Patrick Director 2002-05-01 2008-09-26
EVERDIRECTOR LIMITED Corporate Director 2002-03-11 2002-05-01

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
The Welsh Ministers Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors, significant-influence-or-control-as-firm 2016-04-06 Active

Filing timeline

Last 20 of 117 total filings

Date Type Category Description
2026-04-07 TM01 officers Termination director company with name termination date PDF
2026-03-16 CS01 confirmation-statement Confirmation statement with no updates PDF
2026-01-05 AP03 officers Appoint person secretary company with name date PDF
2026-01-05 TM02 officers Termination secretary company with name termination date PDF
2025-11-18 AA accounts Accounts with accounts type full PDF
2025-09-11 CH01 officers Change person director company with change date PDF
2025-04-07 CH01 officers Change person director company with change date PDF
2025-04-04 CH03 officers Change person secretary company with change date PDF
2025-04-04 CH01 officers Change person director company with change date PDF
2025-04-04 CH01 officers Change person director company with change date PDF
2025-04-03 AP01 officers Appoint person director company with name date PDF
2025-04-02 AP01 officers Appoint person director company with name date PDF
2025-04-01 AP01 officers Appoint person director company with name date PDF
2025-04-01 AP01 officers Appoint person director company with name date PDF
2025-03-04 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-09-12 AA accounts Accounts with accounts type full PDF
2024-05-03 AP01 officers Appoint person director company with name date PDF
2024-05-03 TM01 officers Termination director company with name termination date PDF
2024-05-03 TM01 officers Termination director company with name termination date PDF
2024-05-03 TM01 officers Termination director company with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
6

last 12 months

Capital events
0

last 24 months

Officers appointed
1

last 12 months

Officers resigned
2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page