WASCO COATINGS UK LTD
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Cash
£1.2m
-35.1% vs 2024
Net assets
-£21m
-119% lowest in 6 filed years
Employees
60
-11.8% vs 2024
Profit before tax
-£12m
-158.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £20,549,537 | £30,093,760 | +46.4% | |
| Operating profit | — | — | — | — | -£4,268,921 | -£5,891,432 | -38% | |
| Profit before tax | — | — | — | — | -£4,476,087 | -£11,552,859 | -158.1% | |
| Net profit | -£6,447,379 | -£852,912 | -£2,422,588 | -£2,576,523 | -£4,476,087 | -£11,552,859 | -158.1% | |
| Cash | £41,111 | £66,429 | £189,091 | £163,929 | £1,817,740 | £1,178,944 | -35.1% | |
| Total assets less current liabilities | £616,960 | -£235,952 | -£2,658,540 | -£5,235,063 | -£9,711,150 | -£19,587,264 | -101.7% | |
| Net assets | £616,960 | -£235,952 | -£2,658,540 | -£5,235,063 | -£9,711,150 | -£21,264,009 | -119% | |
| Equity | £616,960 | -£235,952 | — | -£5,235,063 | -£9,711,150 | — | — | |
| Average employees | 3 | 21 | 32 | 32 | 68 | 60 | -11.8% | |
| Wages | — | — | — | — | £6,184,471 | £5,718,750 | -7.5% | |
| Directors' remuneration | — | — | — | — | — | — | — |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -20.8% | -19.6% | |
| Net margin | — | — | — | — | -21.8% | -38.4% | |
| Gearing (liabilities / total assets) | 5.0% | 113.6% | 279.5% | 150.5% | 150.2% | 626.3% | |
| Current ratio | — | — | — | — | 0.48x | 0.12x | |
| Interest cover | — | — | — | — | -13.27x | -27.99x |
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
- Standalone (parent only)
- Auditor
- James Cowper Kreston Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis... Financial support Letter from the Group indicates their willingness to support Wasco Coatings Ltd for at least the next 12 months from the signing of the Financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SINGARAM, Ramanathan | Director | 2010-03-10 | Mar 1968 | Malaysian |
| WILMOTT, Martyn John | Director | 2023-12-01 | Mar 1961 | Canadian |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEWIS, Steven Michael | Secretary | 2008-03-03 | 2009-04-08 |
| HWA, Ooi Giap | Director | 2023-12-01 | 2025-01-31 |
| LEAN, Lee Ean | Director | 2008-03-03 | 2010-03-10 |
| LEWIS, Steven Michael | Director | 2008-03-03 | 2009-04-08 |
| MACCAGNO, Gian Carlo | Director | 2014-03-17 | 2023-12-01 |
| TWYNAM, Robert Francis | Director | 2008-03-03 | 2009-04-08 |
| WILMOTT, Martyn John | Director | 2009-05-27 | 2014-03-17 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 76 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-05-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-21 | CH01 | officers | Change person director company with change date | |
| 2025-11-10 | AA | accounts | Accounts with accounts type small | |
| 2025-03-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-21 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-12-20 | AA | accounts | Accounts with accounts type small | |
| 2024-12-14 | DISS16(SOAS) | dissolution | Dissolved compulsory strike off suspended | |
| 2024-12-10 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-04-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-04-12 | CH01 | officers | Change person director company with change date | |
| 2024-04-12 | CH01 | officers | Change person director company with change date | |
| 2024-02-23 | AA | accounts | Accounts with accounts type small | |
| 2023-12-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-27 | AA | accounts | Accounts with accounts type small | |
| 2023-03-24 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- 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.