FIRST WATER LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-21 (in 11mo)
Last made up 2026-04-07
Watchouts
None on the register
Cash
£0
-100% lowest in 3 filed years
Net assets
-£91K
+99.7% highest in 5 filed years
Employees
0
Average over period
Profit before tax
£21M
+2,512.7% highest in 5 filed years
Net assets
9-year trend · vs Consumer Discretionary median
Accounts
9-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | £0 | £83,000 | |
| Operating profit | — | £26,000 | — | -£39,000 | — | -£5,929,000 | — | -£55,000 | £27,414,000 | |
| Profit before tax | — | -£1,026,000 | — | -£686,000 | — | -£7,238,000 | — | -£883,000 | £21,304,000 | |
| Net profit | — | -£849,000 | — | -£265,000 | — | -£6,705,000 | — | -£1,255,000 | £22,634,000 | |
| Cash | — | — | — | — | — | £766,000 | — | £179,000 | £0 | |
| Total assets less current liabilities | — | £52,933,000 | — | £47,927,000 | — | £35,312,000 | — | £30,685,000 | £45,187,000 | |
| Net assets | — | -£23,525,000 | — | -£23,790,000 | — | -£30,495,000 | — | -£31,750,000 | -£91,000 | |
| Equity | -£22,676,000 | -£23,525,000 | -£23,525,000 | -£23,790,000 | -£23,790,000 | -£30,495,000 | -£30,495,000 | -£31,750,000 | -£91,000 | |
| Average employees | — | 0 | — | 0 | — | 0 | — | 0 | 0 | |
| Wages | — | — | — | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — | — | £0 | £0 |
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
-100%
£179,000 £0
lowest in 3 filed years
-
Net assets
+99.7%
-£31,750,000 -£91,000
highest in 5 filed years
-
Employees
—
Not reported
-
Operating profit
+49,943.6%
-£55,000 £27,414,000
highest in 5 filed years
-
Profit before tax
+2,512.7%
-£883,000 £21,304,000
highest in 5 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 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on capital employed | — | 0.0% | — | -0.1% | — | -16.8% | — | -0.2% | 60.7% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | — | 150.1% | 100.1% | |
| Current ratio | — | — | — | — | — | — | — | 0.13x | 0.07x | |
| Interest cover | — | 0.02x | — | -0.06x | — | -4.53x | — | -0.02x | 6.98x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- FIRST WATER LIMITED 2002-06-26 → present
- OVAL (1727) LIMITED 2002-04-19 → 2002-06-26
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Hurst Accountants Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the year end, the company had net liabilities of £91k (2023: £31,750k). Management have confirmed that the group will provide appropriate support, both through non-recall of intercompany debt, and cash provided by the trading subsidiaries where necessary, such that the company will be able to continue to meet its debt repayments as they fall due. As a result, the financial statements are prepared on a going concern basis”
Group structure
- FIRST WATER LIMITED · parent
- Crawford Manufacturing Limited 100%
- Systagenix Wound Management Manufacturing Limited 100%
- Scapa Denver (North) Limited 100%
- Scapa Healthcare Limited 100%
- HiMedica Limited 100%
Significant events
- “In the year, the Company impaired the investment in Scapa Denver (North) Limited by £177k and reversed the impairment held against the investment in Systagenix Wound Management Manufacturing Limited by £27,336k. The net impact is an exceptional credit of £27,159k.”
- “The Company also disposed of its investment in First Water Ramsbury Limited during the year resulting in a loss of £2,184k.”
- “During the year, the Company allotted and issued 90,250,000 ordinary shares of £0.10 each for cash. The shares were allotted on 18 December 2024 at par, resulting in aggregate consideration received of £9,025,000.”
- “On 31 March 2024, the direct subsidiary First Water Ramsbury Limited was disposed in full, realising a loss of £2,184k.”
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 |
|---|---|---|---|---|
| JOHNSON, Mark Weston | Secretary | 2024-11-20 | — | — |
| DICKINSON, Wendy | Director | 2016-12-01 | Jun 1967 | British |
| JOHNSON, Mark Weston | Director | 2024-03-11 | Sep 1976 | American |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Wendy | Secretary | 2018-07-01 | 2021-04-26 |
| BARNES, Justin David Christian | Secretary | 2002-05-13 | 2015-02-27 |
| JACKSON, Travis Ryan | Secretary | 2024-01-18 | 2024-11-20 |
| SMITH, Rebecca Louise | Secretary | 2015-02-27 | 2016-11-03 |
| SURBEY, David Ronald | Secretary | 2021-04-26 | 2023-11-30 |
| OVALSEC LIMITED | Corporate Nominee Secretary | 2002-04-19 | 2002-05-13 |
| ANDREWS, Clifford John | Director | 2002-05-13 | 2015-02-27 |
| ANDREWS, Fiona Louise | Director | 2010-10-05 | 2015-02-27 |
| ANDREWS, Kathleen Margaret | Director | 2010-09-13 | 2015-02-27 |
| ANDREWS, Kathleen Margaret | Director | 2002-05-13 | 2005-02-28 |
| ANDREWS, Philip James | Director | 2002-05-13 | 2015-02-27 |
| BARNES, Helen Georgina | Director | 2002-05-13 | 2015-02-27 |
| BARNES, Justin David Christian | Director | 2002-05-13 | 2015-02-27 |
| BONTE, Lionel | Director | 2023-01-18 | 2024-04-24 |
| CARTER, Christopher Mark | Director | 2015-02-27 | 2018-07-12 |
| CULLEN, David Timothy | Director | 2021-04-15 | 2022-03-31 |
| EDWARDS, Paul | Director | 2015-02-27 | 2016-04-30 |
| FOWLER, Matthew John | Director | 2015-02-27 | 2016-12-12 |
| HARDCASTLE, Graham Stuart | Director | 2016-04-01 | 2018-10-01 |
| PETREANU, John | Director | 2022-03-31 | 2023-01-18 |
| ZAHN, Oskar | Director | 2018-10-01 | 2021-04-15 |
| OVAL NOMINEES LIMITED | Corporate Nominee Director | 2002-04-19 | 2002-05-13 |
| OVALSEC LIMITED | Corporate Nominee Director | 2002-04-19 | 2002-05-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Scapa Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 161 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-02 RESOLUTIONS Resolution
- 2024-12-27 RESOLUTIONS Resolution
- 2023-01-25 CC04 Statement of companys objects
- 2023-01-25 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-02 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-23 | SH01 | capital | Capital allotment shares | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-04-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-01-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-27 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-19 | SH01 | capital | Capital allotment shares | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-04-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-26 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-26 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-12 | CH01 | officers | Change person director company with change date | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-25 | CC04 | change-of-constitution | Statement of companys objects | |
| 2023-01-25 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
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.