FW CAPITAL LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-01 (in 7mo)
Last made up 2025-11-17
Watchouts
None on the register
Cash
£888K
-87% vs 2024
Net assets
£9M
+21.2% vs 2024
Employees
—
Average over period
Profit before tax
£2M
+25.7% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £6,304,770 | £7,294,069 | |
| Operating profit | £1,194,692 | £1,456,736 | |
| Profit before tax | £1,295,816 | £1,628,530 | |
| Net profit | £1,295,816 | £1,628,530 | |
| Cash | £6,813,546 | £888,029 | |
| Total assets less current liabilities | — | — | |
| Net assets | £7,683,972 | £9,312,502 | |
| Equity | £7,683,972 | £9,312,502 | |
| Average employees | — | — | |
| 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+15.7%
£6,304,770 £7,294,069
-
Cash
-87%
£6,813,546 £888,029
-
Net assets
+21.2%
£7,683,972 £9,312,502
-
Employees
—
Not reported
-
Operating profit
+21.9%
£1,194,692 £1,456,736
-
Profit before tax
+25.7%
£1,295,816 £1,628,530
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 18.9% | 20.0% | |
| Net margin | 20.6% | 22.3% | |
| Gearing (liabilities / total assets) | 9.9% | 6.5% | |
| Current ratio | 8.25x | 12.56x |
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
- FW CAPITAL LIMITED 2010-01-26 → present
- FINANCE WALES INVESTMENTS (7) LIMITED 2009-11-17 → 2010-01-26
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the next twelve months. The directors have made an assessment of going concern, taking into account both current performance and the Company's directors outlook which considered the impact of macroeconomic uncertainties, and in particular the impact of the cost of living crisis, potential trade restrictions, tariff increases and strained economic relations between the US, China, Europe and other countries and the conflicts in Ukraine and Gaza on reducing (but still high) global inflation, energy prices, and interest rates.”
Significant events
- “On 30 June 2025, the Company agreed to manage a further £40.0m of funding for the Management Succession Fund (Wales) Limited Partnership and the investment period was extended to 30 June 2032.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HITCHINGS, Elizabeth Anne | Secretary | 2022-12-01 | — | — |
| GUEST, Gary | Director | 2015-03-04 | May 1974 | British |
| OWEN, Michael | Director | 2012-08-01 | Dec 1968 | British |
| STAZIKER, David James | Director | 2010-11-22 | Sep 1969 | British |
| THORLEY, Giles Alexander | Director | 2016-05-04 | Jun 1967 | British |
| WHITFIELD, Joanne | Director | 2015-03-04 | Mar 1976 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OATES, Judi May | Secretary | 2009-11-17 | 2022-12-01 |
| ANTHONY, William Llewellyn | Director | 2011-10-17 | 2013-05-31 |
| DAVIES, Michael James | Director | 2009-11-17 | 2010-10-31 |
| GRIFFITHS, Christopher Huw | Director | 2023-06-22 | 2024-06-26 |
| JONES, Sian Lloyd | Director | 2009-11-17 | 2015-09-30 |
| O'LEARY, Kevin Patrick | Director | 2011-01-28 | 2018-03-31 |
| O'LEARY, Kevin Patrick | Director | 2010-11-01 | 2010-11-01 |
| STAZIKER, David James | Director | 2010-11-01 | 2010-11-01 |
| WRIGHT, Peter | Director | 2009-11-17 | 2014-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dbw Managers Limited | Corporate entity | Shares 75–100% | 2018-03-07 | Active |
| Development Bank Of Wales Plc | Corporate entity | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 71 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-22 | AA | accounts | Accounts with accounts type full | |
| 2025-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-27 | AA | accounts | Accounts with accounts type full | |
| 2024-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-13 | CH01 | officers | Change person director company with change date | |
| 2024-09-12 | CH01 | officers | Change person director company with change date | |
| 2024-06-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-14 | AA | accounts | Accounts with accounts type full | |
| 2023-11-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-12-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-18 | AA | accounts | Accounts with accounts type full | |
| 2021-12-08 | AA | accounts | Accounts with accounts type full | |
| 2021-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-07 | CH01 | officers | Change person director company with change date | |
| 2021-03-24 | AA | accounts | Accounts with accounts type full | |
| 2020-11-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-10 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.