WATSON CONSTRUCTION LTD

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

• Turnover

  -2.5%

  £31,726,504 → £30,937,973

• Cash

  -38.8%

  £4,217,822 → £2,583,342

• Net assets

  +9.6%

  £4,964,952 → £5,443,583

  highest in 6 filed years

• Employees

  0%

  74 → 74

• Operating profit

  +42%

  £544,669 → £773,424

  first positive since 2022

• Profit before tax

  +39.4%

  £557,675 → £777,404

  first positive since 2022

• Wages

  +22.4%

  £2,318,528 → £2,838,323

  highest in 6 filed years

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

DJH Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “During the year, the company delivered 173 homes (2023: 122) and completed a number of projects across the region, contributing to the creation of affordable housing and the growth of local communities.”
• “Significant progress was made on the Creams Mill development in Bolton, a flagship scheme which will restore part of the historic Manchester, Bury and Bolton Canal while delivering a substantial number of affordable homes in an area of particularly acute housing need. This project reflects our commitment to combining regeneration with social impact, bringing forward high-quality new housing alongside wider community and environmental benefits.”
• “At the year end, the company had 661 homes under construction and a secured pipeline of over 1,000 homes.”
• “During the year we successfully continued to hold our ISO 9001 certification, demonstrating our commitment to quality and consistency.”
• “We are committed to reducing the running costs of our homes for residents. Our approach is rooted in fabric-first construction, improving the performance of the building envelope and enhancing airtightness. This, coupled with the integration of renewable technologies such as air source heat pump cylinders and solar PV, helps to reduce fuel poverty. The use of high-quality ventilation strategies ensures a comfortable and healthy living environment, combining affordability with sustainability.”
• “We have continued to support the Mustard Tree during the year, a Manchester-based charity which aims to reduce and tackle the causes of poverty and homelessness across the city. Since beginning to support the charity in 2017, we have provided donations of over £200,000.”
• “We work closely with our development and charity partners to provide pathways into construction through work placements and apprenticeships... We continued to provide apprenticeships during the financial year and have developed Employment and Skills Plans for our developments which will ensure social value outputs are recorded and monitored in future years.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.