BAZALGETTE TUNNEL LIMITED
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Cash
£66m
-41.3% vs 2025
Net assets
£924m
+59.8% highest in 3 filed years
Employees
75
-10.7% lowest in 3 filed years
Profit before tax
-£14m
-497.1% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 | — | — | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | £14,500,000 | £3,500,000 | -£13,900,000 | -497.1% | |
| Net profit | £14,500,000 | — | £346,000,000 | — | |
| Cash | £43,600,000 | £111,900,000 | £65,700,000 | -41.3% | |
| Total assets less current liabilities | £5,758,800,000 | £5,982,600,000 | £6,793,200,000 | +13.5% | |
| Net assets | £574,900,000 | £578,400,000 | £924,400,000 | +59.8% | |
| Equity | £574,900,000 | £578,400,000 | £924,400,000 | +59.8% | |
| Average employees | 97 | 84 | 75 | -10.7% | |
| Wages | £15,900,000 | £14,100,000 | £12,600,000 | -10.6% | |
| Directors' remuneration | £4,284,000 | £5,799,000 | £2,774,000 | -52.2% |
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 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 90.2% | 90.5% | 86.5% | |
| Current ratio | 3.56x | 3.40x | 0.49x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe, after due careful enquiry, that the Company has sufficient resources to continue in operational existence for the foreseeable future and has assurned that there will be no changes to the regulatory framework or Government policy that will affect the Company's viability. Therefore, the Directors consider it appropriate to adopt the going concern basis in preparing these financial statements.”
Significant events
- “Tyburn Quay, formerly opened in October 2025/staged by during the high low ogy clo loat in the Tha.”
- “The test commenced late March 2026 and was successfully completed in April 2026.”
- “Inspection of the assets using drones was completed in April 2026, delivering a very high-quality data set which did not identify any changes or areas of concern.”
- “In September, Tideway delivered a major programine of events to celebrate new public spaces and a new era of river health for the Thames.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
13 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARLISLE, Celia Diana | Secretary | 2022-07-05 | — | — |
| SIAKPERE, Emuoborohwo | Secretary | 2023-06-22 | — | — |
| BAILEY, Roger Charles | Director | 2021-08-02 | Apr 1960 | British,New Zealander |
| CAMPBELL, Shirley Catherine | Director | 2024-11-28 | Mar 1966 | British |
| COX, Andrew Julian Frederick | Director | 2018-03-23 | Apr 1967 | British |
| DUNCAN, Mathew Robert | Director | 2018-11-22 | Dec 1962 | Australian |
| MCGREGOR-SMITH, Ruby, Baroness | Director | 2019-06-20 | Feb 1963 | British |
| PARR, Matthew Pattison | Director | 2026-05-01 | Jun 1972 | British |
| PIRES, Daniel Fortio Da Costa Mendes | Director | 2026-04-01 | Dec 1990 | Portuguese |
| PUTNAM, Michael Colin | Director | 2018-07-16 | Aug 1960 | British |
| QUEEN, Michael James | Director | 2015-08-19 | Sep 1961 | British |
| RANDOLPH, Edward John | Director | 2025-09-03 | Feb 1989 | British |
| SADDIQ, Mohammed Habedat | Director | 2024-11-28 | Jun 1970 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARCLAY, Valmai | Secretary | 2018-01-23 | 2023-06-01 |
| CARLISLE, Celia | Secretary | 2017-09-29 | 2018-01-23 |
| JOHAL, Rukhi | Secretary | 2017-09-29 | 2022-07-05 |
| LEE, Tracey | Secretary | 2015-08-19 | 2017-09-29 |
| BALDOCK, Anne Elizabeth | Director | 2015-08-19 | 2019-07-31 |
| CORBEN, Mark Edward Macleod | Director | 2015-08-19 | 2018-11-22 |
| FAIRBAIRN, Mark Robert | Director | 2015-08-19 | 2018-09-30 |
| FALERO, Louis Javier | Director | 2019-11-06 | 2022-09-07 |
| FREEMAN, Andrew Derek | Director | 2015-05-01 | 2016-03-16 |
| HOLLAND-KAYE, William John | Director | 2017-07-11 | 2023-03-31 |
| KORPANCOVA, Jaroslava | Director | 2015-05-01 | 2018-03-23 |
| MITCHELL, Andrew Harold | Director | 2015-08-19 | 2026-05-01 |
| MITCHELL, Norman Patrick | Director | 2015-04-21 | 2015-05-01 |
| MORGAN, Christopher John | Director | 2021-09-30 | 2025-08-29 |
| MORSE, Richard South | Director | 2015-08-19 | 2024-06-30 |
| RAY, Alistair Graham | Director | 2015-05-01 | 2026-04-01 |
| ROSHIER, Angela Louise | Director | 2016-09-02 | 2019-11-06 |
| SIMMS, Neville Ian, Sir | Director | 2015-08-19 | 2024-09-30 |
| SNEESBY, Alexander Mark | Director | 2015-08-19 | 2021-09-30 |
| TAIT, Gavin Richard | Director | 2015-05-01 | 2021-09-30 |
| TURNBULL-FOX, Moira | Director | 2016-03-16 | 2016-09-02 |
| WYLES, David Alexander | Director | 2015-04-24 | 2015-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bazalgette Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 119 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-02 | AA | accounts | Accounts with accounts type full | |
| 2026-07-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-07-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-07-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-07-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-03 | AA | accounts | Accounts with accounts type full | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-10 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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.