IDWAL MARINE SERVICES LIMITED
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Cash
£2.7m
USD 3,604,441
+78.9% highest in 3 filed years
Net assets
£7.6m
USD 10,304,307
+40.6% highest in 3 filed years
Employees
56
-12.5% vs 2024
Profit before tax
£2.6m
USD 3,492,717
+35.7% vs 2024
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £11,783,782 | £12,645,926 | £11,978,231 | -5.3% | |
| Operating profit | £2,584,091 | £1,874,557 | £2,588,054 | +38.1% | |
| Profit before tax | £2,609,803 | £1,910,584 | £2,591,998 | +35.7% | |
| Net profit | £2,497,655 | £1,911,052 | £2,576,979 | +34.8% | |
| Cash | £2,496,565 | £1,495,265 | £2,674,910 | +78.9% | |
| Total assets less current liabilities | £3,475,668 | £5,524,877 | £7,777,774 | +40.8% | |
| Net assets | £3,475,668 | £5,437,622 | £7,646,981 | +40.6% | |
| Equity | £3,475,668 | £5,437,622 | £7,646,981 | +40.6% | |
| Average employees | 54 | 64 | 56 | -12.5% | |
| Wages | £2,617,270 | £3,062,572 | £2,747,883 | -10.3% | |
| Directors' remuneration | £665,708 | £0 | — | — | |
| Directors' pension contributions | £37,174 | £0 | — | — | |
| Highest paid director | £264,241 | — | — | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 21.9% | 14.8% | 21.6% | |
| Net margin | 21.2% | 15.1% | 21.5% | |
| Return on capital employed | 74.3% | 33.9% | 33.3% | |
| Gearing (liabilities / total assets) | 32.6% | 22.3% | 13.2% | |
| Current ratio | 2.48x | 3.38x | 6.31x |
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
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors continue to adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- IDWAL MARINE SERVICES LIMITED · parent
- Idwal Marine Services (Asia) PTE Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HETHERTON, Allison | Secretary | 2020-06-12 | — | — |
| EVANS, David John Terry | Director | 2019-10-01 | Jan 1976 | British |
| MCKAY, Robert Neil | Director | 2023-09-22 | Feb 1974 | British |
| OWENS, Nicholas David | Director | 2011-01-01 | Jul 1983 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HETHERTON, Allison | Secretary | 2010-07-02 | 2020-01-29 |
| ISON, Stephen Christopher | Secretary | 2020-01-29 | 2020-06-12 |
| ATKINSON, Philip Desmond | Director | 2010-07-02 | 2020-04-30 |
| BELL, Mark Royston | Director | 2012-11-15 | 2013-07-05 |
| CALLENDER, Matthew James | Director | 2010-07-02 | 2011-07-01 |
| CHANNING, Lewin Edwin | Director | 2010-10-15 | 2017-08-31 |
| COONEY, Peter Martin | Director | 2010-10-15 | 2012-07-06 |
| DAVIES, Christopher James Gibson | Director | 2021-09-01 | 2023-03-22 |
| DAVIES, Christopher James Gibson | Director | 2010-07-02 | 2020-08-10 |
| DAVIES, Steven John | Director | 2013-07-05 | 2017-08-31 |
| HUTCHEON, Geoffrey | Director | 2011-01-01 | 2013-02-28 |
| MORGAN, Ian James | Director | 2010-07-02 | 2012-07-09 |
| WILLIAMS, Christopher Lloyd | Director | 2010-07-02 | 2023-03-22 |
| WILLIAMS, Hugh Gwyn | Director | 2010-07-02 | 2023-03-22 |
| GRAIG SHIP MANAGEMENT LIMITED | Corporate Director | 2010-07-02 | 2010-07-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Indigo 123 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-03-22 | Active |
| Graig Shipping Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-08-08 | Ceased 2023-03-22 |
| Graig Shipping Plc | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2017-08-08 |
Filing timeline
Last 20 of 93 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-07-24 MA Memorandum articles
- 2024-07-24 RESOLUTIONS Resolution
- 2023-04-11 MA Memorandum articles
- 2023-04-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type full | |
| 2025-11-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2024-12-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-12 | AA | accounts | Accounts with accounts type full | |
| 2024-07-24 | MA | incorporation | Memorandum articles | |
| 2024-07-24 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-05 | AA | accounts | Accounts with accounts type small | |
| 2023-09-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-11 | MA | incorporation | Memorandum articles | |
| 2023-04-11 | SH10 | capital | Capital variation of rights attached to shares | |
| 2023-04-11 | SH08 | capital | Capital name of class of shares | |
| 2023-04-11 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-05 | SH08 | capital | Capital name of class of shares | |
| 2023-03-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-03-29 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
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.