WATERLOO AIR PRODUCTS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

• Turnover

  -6.7%

  £12,077,950 → £11,263,891

• Cash

  -25.9%

  £549,754 → £407,190

• Net assets

  -349.2%

  £245,947 → -£612,966

  lowest in 6 filed years

• Employees

  +0.9%

  110 → 111

• Operating profit

  -47.1%

  -£799,244 → -£1,175,853

  lowest in 4 filed years

• Profit before tax

  -47.2%

  -£798,885 → -£1,175,853

• Wages

  +3.6%

  £3,920,791 → £4,062,872

  highest 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

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.

1. WATERLOO AIR PRODUCTS LIMITED 2020-12-30 → present
2. WATERLOO AIR PRODUCTS PLC 2003-09-29 → 2020-12-30
3. WATERLOO AIR DIFFUSION PLC 2003-09-25 → 2003-09-29

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a good expectation that the company has adequate resources to continue in operational existence for the foreseeable future and continues to have full support from the Swegon Group. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “In February 2025 the company entered into a consultation process in relation to redundancies in the production department. Subsequently, a number of employees were made redundant at a total cost of £168,216.”
• “Subsequent to the balance sheet date it was agreed with Swegon Limited that a debt for equity swap totalling £4.5m would be undertaken to strengthen the balance sheet position of the company. Management are engaging a third party to support with this process, as part of which it is intended that Swegon Limited will become the company's immediate parent and that Waterloo Group Limited will then be struck off.”

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

Filings

11

last 12 months

Capital events

1

last 24 months

Officers appointed

2

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.