PEEL NRE WATER SERVICES HOLDINGS LIMITED
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Cash
£2M
-5.7% vs 2024
Net assets
£89M
+10.9% vs 2024
Employees
—
Average over period
Profit before tax
£12M
+29.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
6 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £7,354,000 | £8,054,000 | +9.5% | |
| Operating profit | £7,185,000 | £9,786,000 | +36.2% | |
| Profit before tax | £9,019,000 | £11,648,000 | +29.1% | |
| Net profit | £5,769,000 | £8,724,000 | +51.2% | |
| Cash | £1,667,000 | £1,572,000 | -5.7% | |
| Total assets less current liabilities | £133,258,000 | £143,059,000 | +7.4% | |
| Net assets | £80,170,000 | £88,894,000 | +10.9% | |
| Equity | £80,170,000 | £88,894,000 | +10.9% | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| 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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 97.7% | 121.5% | |
| Net margin | 78.4% | 108.3% | |
| Return on capital employed | 5.4% | 6.8% | |
| Current ratio | 0.90x | 0.81x | |
| Interest cover | 2.57x | 3.16x |
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 3 times since incorporation
- PEEL NRE WATER SERVICES HOLDINGS LIMITED 2020-11-20 → present
- PEEL L&P WATER SERVICES HOLDINGS LIMITED 2020-03-26 → 2020-11-20
- PEEL WATER SERVICES HOLDINGS LIMITED 2011-12-29 → 2020-03-26
- DE FACTO 1905 LIMITED 2011-08-24 → 2011-12-29
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Consolidated group
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At 31 March 2025 the group is in a position of having net current liabilities. However, after making enquiries, along with confirmation from Peel NRE Water (IOM) Limited ("Peel") that they will continue to provide the necessary level of support to enable it to continue to operate for a period of no less than 12 months from signing the financial statements, the directors have concluded they have reasonable expectation that the company has adequate resources to continue in operational existence for the 12 months from signing the financial statements and therefore continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- PEEL NRE WATER SERVICES HOLDINGS LIMITED · parent
- Peel NRE Water Services Limited 1%
Significant events
- “On 30 July 2025, Peel L&P Group Limited sold its investment in Peel NRE Water (IOM) Limited the divisional holding company of Peel NRE Water Services Holdings Limited to Peel Holdings (IOM) Limited at book value. This transaction has had no impact on the operations of the company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KHAN, Farook | Secretary | 2025-12-02 | — | — |
| CLARK, Jason | Director | 2025-12-02 | Feb 1972 | British |
| VERITIERO, Claudio | Director | 2025-12-02 | Sep 1973 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEES, Neil | Secretary | 2011-12-16 | 2020-10-15 |
| TRAVERS SMITH SECRETARIES LIMITED | Corporate Secretary | 2011-08-24 | 2011-12-02 |
| BRACKEN, Ruth | Director | 2011-08-24 | 2011-12-02 |
| COLTON, Matthew Paul | Director | 2023-08-02 | 2025-12-02 |
| EVES, Christopher | Director | 2025-05-19 | 2025-12-02 |
| GLOVER, David Jonathan | Director | 2018-01-29 | 2019-12-20 |
| HOSKER, Peter John | Director | 2011-12-16 | 2019-12-19 |
| KITCHER, Myles Howard | Director | 2021-02-01 | 2024-04-25 |
| LEES, Neil | Director | 2011-12-02 | 2020-10-15 |
| SCHOFIELD, John Alexander | Director | 2016-02-12 | 2023-09-30 |
| UNDERWOOD, Steven Keith | Director | 2011-12-02 | 2025-12-02 |
| WAINSCOTT, Paul Philip | Director | 2011-12-02 | 2018-03-16 |
| WHITTAKER, John Peter | Director | 2025-05-19 | 2025-12-02 |
| WHITTAKER, John | Director | 2011-12-02 | 2025-12-02 |
| WHITWORTH, Mark | Director | 2023-05-03 | 2025-12-02 |
| TRAVERS SMITH LIMITED | Corporate Director | 2011-08-24 | 2011-12-02 |
| TRAVERS SMITH SECRETARIES LIMITED | Corporate Director | 2011-08-24 | 2011-12-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Peel Ports Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-12-02 | Active |
| Christopher Eves | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2025-12-02 |
| Mrs Sheila Greenwood | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2025-12-02 |
| Mr John Whittaker | Individual | ownership-of-shares-75-to-100-percent-as-trust, voting-rights-75-to-100-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2016-04-06 | Ceased 2025-12-02 |
Filing timeline
Last 20 of 125 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-14 RESOLUTIONS Resolution
- 2026-03-14 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-14 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-14 | MA | incorporation | Memorandum articles | |
| 2026-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-04 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-12-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-03 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 6
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.