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WALES & WEST UTILITIES LIMITED

#05046791 · Active · Group / consolidated · Incorporated 2004-02-17 (22y 8m) · Last filing 2026-09-07 (1mo ago)
Utilities · SIC 35220 · D Electricity, Gas, Steam & Air Conditioning Supply · Group accounts
Accounts due 2027-12-31 (in 1y) · Confirmation due 2027-03-03 (in 5 months) · No watchouts on the register

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Cash

£14m

-86.8% vs 2025

Net assets

£721m

+5.3% vs 2025

Employees

1,950

+0.9% vs 2025

Profit before tax

£91m

-58% vs 2025

Accounts

2-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31

Metric Trend 2025-03-312026-03-31 Δ vs prior
Turnover £552,100,000£594,200,000 +7.6%
Operating profit £215,700,000£229,900,000 +6.6%
Profit before tax £215,500,000£90,600,000 -58%
Net profit £167,400,000£69,100,000 -58.7%
Cash £102,200,000£13,500,000 -86.8%
Total assets less current liabilities £3,245,200,000£3,256,700,000 +0.4%
Net assets £684,800,000£721,100,000 +5.3%
Equity £684,800,000£721,100,000 +5.3%
Average employees 1,9321,950 +0.9%
Wages £109,300,000£116,000,000 +6.1%
Directors' remuneration £1,335,800£1,344,800 +0.7%
Directors' pension contributions £135,000£135,000 0%
Highest paid director £317,800£390,200 +22.8%

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2025-03-312026-03-31
Operating margin 39.1%38.7%
Net margin 30.3%11.6%
Return on capital employed 6.6%7.1%
Gearing (liabilities / total assets) 81.1%80.0%
Current ratio 0.73x0.32x
Interest cover 2.73x2.79x

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.

Name history

Renamed 1 time since incorporation

  1. WALES & WEST UTILITIES LIMITED 2005-06-01 → present
  2. BLACKWATER 2 LIMITED 2004-02-17 → 2005-06-01

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Consolidated group
Auditor
PricewaterhouseCoopers LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The Group is satisfied that the Group and Company have adequate resources to continue for the foreseeable future. The Group's consolidated financial statements have been prepared on the going concern basis.”

Group structure

  1. WALES & WEST UTILITIES LIMITED · parent
    1. Xoserve Limited 10% · UK · owner of the gas transmission business
    2. Seabank Power Limited · emergency callout, pipeline inspection and maintenance service
    3. Encodar Limited · owner of the gas transmission business

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

People

14 active · 48 resigned

Name Role Appointed Born Nationality
MILLAR, Paul Secretary 2013-09-02 — —
CHAN, Loi Shun Director 2012-10-10 Aug 1962 Chinese
DAVIS, Peter Michael Director 2023-04-01 Aug 1963 British
EDWARDS, Graham Winston Director 2005-06-01 Jan 1954 British
HAWKINS, Grant Director 2014-03-27 Jan 1948 British
HENSON, Neil Stuart Director 2013-06-10 Jun 1963 British
HUNTER, Andrew John Director 2012-10-10 Oct 1958 British
KAM, Hing Lam Director 2012-10-10 Oct 1946 Chinese
MACRAE, Duncan Nicholas Director 2012-10-10 Sep 1970 British
MCGEE, Neil Douglas Director 2012-10-10 Oct 1951 Australian
NG, Chiu Director 2024-04-18 Sep 1976 Chinese
SLAMINKA, Kim Pierre Director 2024-07-18 May 1977 Australian
TSAI, Chao Chung, Charles Director 2012-10-10 Jul 1957 Canadian
YU, Jenny Ka Man Director 2024-04-18 Apr 1972 Chinese
Show 48 resigned officers
Name Role Appointed Resigned
DURRANT, Andrew Peter Secretary 2004-02-17 2005-06-01
EVES, Richard Anthony Secretary 2004-02-17 2005-06-01
TALBOT, Christopher John Secretary 2005-06-01 2013-09-01
ANTOLIK, Peter Szymon Director 2006-11-23 2007-07-31
BAGGS, Martin Wayne Director 2007-05-17 2010-04-16
BECKLEY, Edward Thomas Director 2008-04-01 2012-10-10
BEVANS, Graeme Francis Director 2005-06-01 2006-03-10
BICKERTON, Steven John Director 2005-09-19 2008-06-13
BOX, Stephen John Director 2005-06-01 2010-03-06
BRAITHWAITE, Mark William Director 2011-09-09 2012-10-10
BUCK, Colin Director 2004-08-27 2005-06-01
CLAMP, Anthony Raymond Director 2006-09-21 2007-07-06
CRAIG, James Stuart Director 2005-06-01 2006-02-06
DAVIS, Ian Christopher Director 2004-08-27 2005-06-01
DICKSON, James Director 2007-07-06 2008-05-22
DICKSON, James Director 2005-06-01 2006-09-12
DURRANT, Andrew Peter Director 2004-02-17 2004-08-27
ELLIS, Simon Richard Constable Director 2011-06-02 2012-10-10
EVES, Richard Anthony Director 2004-02-17 2004-08-27
FAIRBAIRN, Mark Robert Director 2004-08-27 2005-06-01
GADSBY, Roderick John Director 2008-10-31 2011-06-20
GARLING, Philip Stuart Director 2005-06-01 2011-05-03
GREGOR, Robert John Director 2008-11-27 2010-01-20
HAZELWOOD, Charles John Gore Director 2005-06-01 2011-07-22
HIGGINS, Howard Charles Director 2005-06-01 2012-10-10
HOLLIDAY, Steven John Director 2004-08-27 2005-06-01
HOWES, Richard James Director 2005-06-01 2005-09-19
IP, Tak Chuen, Edmond Director 2012-10-10 2019-08-06
KADIC, Alan Director 2007-04-13 2012-10-10
KAY, Alison Barbara Director 2005-05-20 2005-06-01
KOSKI, Christopher Robert Director 2006-02-16 2007-04-13
KOTTERING, Andreas Hermann, Dr Director 2009-09-24 2012-10-10
LEAMON, Wayne Anthony Director 2005-06-01 2006-11-23
LYNAM, Charles Director 2008-03-31 2008-10-31
MEHTA, Manoj Director 2008-05-22 2012-10-10
MICHEL-VERDIER, Frederic Olivier Director 2008-05-22 2012-10-10
O'SULLIVAN, James Christopher Director 2004-08-27 2005-06-01
OWENS, David William Director 2006-02-16 2006-11-23
PAVIA, Michael James Director 2012-01-01 2022-12-05
REES, David Rocyn Director 2012-07-05 2012-10-10
SAYERS, Ross Edward Director 2005-06-01 2005-11-25
STANLEY, Martin Stephen William Director 2006-02-16 2007-05-17
TONG BARNES, Wai Che Wendy Director 2012-10-10 2024-04-18
TRAIN, Christopher Director 2005-05-20 2005-06-01
VERRION, Robert Edward Director 2010-01-20 2012-07-05
WHITEMAN, Kevin Ian Director 2012-01-01 2012-11-09
WHYTE, Duncan Director 2005-06-01 2011-12-31
YUEN, Sui See Director 2012-10-10 2014-02-28

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Wales & West Utilities Holdings Limited Corporate entity Shares 75–100% 2016-04-06 Active

Filing timeline

Last 20 of 254 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2023-12-07 RESOLUTIONS Resolution
Date Type Category Description
2026-08-14 AA accounts Accounts with accounts type group
2026-07-30 CH01 officers Change person director company with change date PDF
2026-02-21 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-08-04 AA accounts Accounts with accounts type group
2025-02-26 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-10-02 CH01 officers Change person director company with change date PDF
2024-08-15 AA accounts Accounts with accounts type group
2024-08-01 AP01 officers Appoint person director company with name date PDF
2024-05-30 CH01 officers Change person director company with change date PDF
2024-05-02 AP01 officers Appoint person director company with name date PDF
2024-05-01 CH01 officers Change person director company with change date PDF
2024-05-01 TM01 officers Termination director company with name termination date PDF
2024-05-01 AP01 officers Appoint person director company with name date PDF
2024-02-29 CS01 confirmation-statement Confirmation statement with updates PDF
2024-02-19 ANNOTATION miscellaneous Legacy
2024-02-19 ANNOTATION miscellaneous Legacy
2023-12-07 SH19 capital Capital statement capital company with date currency figure
2023-12-07 SH20 capital Legacy
2023-12-07 CAP-SS insolvency Legacy
2023-12-07 RESOLUTIONS resolution Resolution

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
3

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

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

Official Companies House page