BWP PROJECT SERVICES LIMITED
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Cash
£7.3m
-35.1% vs 2025
Net assets
-£11m
+16.2% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£3.1m
-8.1% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £36,874,000 | £42,277,000 | £44,239,000 | +4.6% | |
| Operating profit | £1,766,000 | £1,879,000 | £2,017,000 | +7.3% | |
| Profit before tax | £3,454,000 | £3,414,000 | £3,136,000 | -8.1% | |
| Net profit | £2,206,000 | £2,356,000 | £2,078,000 | -11.8% | |
| Cash | £27,000 | £11,268,000 | £7,312,000 | -35.1% | |
| Total assets less current liabilities | £93,825,000 | £89,790,000 | £85,362,000 | -4.9% | |
| Net assets | -£15,208,000 | -£12,852,000 | -£10,774,000 | +16.2% | |
| Equity | -£15,208,000 | -£12,852,000 | -£10,774,000 | +16.2% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £135,916 | £140,246 | +3.2% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 4.8% | 4.4% | 4.6% | |
| Net margin | 6.0% | 5.6% | 4.7% | |
| Return on capital employed | 1.9% | 2.1% | 2.4% | |
| Gearing (liabilities / total assets) | 113.9% | 112.0% | 110.0% | |
| Current ratio | 7.16x | 6.06x | 4.80x | |
| Interest cover | 0.37x | 0.41x | 0.44x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Although the company's balance sheet reflects net liabilities, this is primarily caused by the break costs associated with refinancing of debt in 2018 to a fixed bond similar in value to the previous debt and derivative combined. Having reviewed the company's projected profits and cash flows by reference to a financial model, that includes the impact of the refinancing, the Directors consider that the company will be able to settle its debts as they fall due and accordingly the financial statements have been prepared on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SEMPERIAN SECRETARIAT SERVICES LIMITED | Corporate Secretary | 2016-05-01 | — | — |
| RAE, Neil, Mr. | Director | 2016-03-21 | Oct 1971 | British |
| RITCHIE, Alan Campbell | Director | 2016-06-10 | Apr 1967 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| INFRASTRUCTURE MANAGERS LIMITED | Corporate Secretary | 2014-01-09 | 2016-05-01 |
| SERCO CORPORATE SERVICES LIMITED | Corporate Secretary | 2010-07-20 | 2014-01-09 |
| ASHBROOK, Philip Peter | Director | 2014-07-25 | 2016-03-21 |
| BALDOCK, Graham | Director | 2010-07-20 | 2020-03-31 |
| BLUNDELL, Christopher John | Director | 2023-01-06 | 2025-08-29 |
| DODD, Phillip Joseph | Director | 2020-04-01 | 2022-12-31 |
| DODD, Phillip Joseph | Director | 2016-03-21 | 2016-06-10 |
| GETHIN, Ian Richard | Director | 2022-12-31 | 2025-10-01 |
| HAGA, Thomas Justin | Director | 2012-11-19 | 2016-03-21 |
| HAGA, Thomas Justin | Director | 2011-10-27 | 2012-10-25 |
| HOILE, Richard David | Director | 2012-10-25 | 2014-07-25 |
| MEAD, Mark William | Director | 2010-06-09 | 2010-06-30 |
| MIDDLETON, Nigel Wythen | Director | 2010-06-30 | 2012-10-25 |
| REICHERTER, Matthias Alexander | Director | 2010-06-30 | 2011-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bwp Services (Holdings No. 2) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 92 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-13 | AA | accounts | Accounts with accounts type full | |
| 2026-07-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-06-23 | CH01 | officers | Change person director company with change date | |
| 2026-06-17 | CH01 | officers | Change person director company with change date | |
| 2026-05-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-05-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-27 | AA | accounts | Accounts with accounts type full | |
| 2025-07-25 | CH01 | officers | Change person director company with change date | |
| 2025-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-14 | AA | accounts | Accounts with accounts type full | |
| 2024-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-07 | AA | accounts | Accounts with accounts type full | |
| 2023-07-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-13 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.