BABCOCK & WILCOX VØLUND LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-27 (in 8mo)
Last made up 2026-01-13
Watchouts
Cash
£41K
-61% vs 2023
Net assets
-£4M
+18.1% vs 2023
Employees
43
-14% vs 2023
Profit before tax
£1M
+487.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £11,664,557 | £12,813,760 | |
| Operating profit | -£305,817 | £1,185,191 | |
| Profit before tax | -£305,817 | £1,185,191 | |
| Net profit | -£230,488 | £883,462 | |
| Cash | £104,616 | £40,838 | |
| Total assets less current liabilities | -£4,889,826 | -£4,006,364 | |
| Net assets | -£4,889,826 | -£4,006,364 | |
| Equity | -£4,889,826 | -£4,006,364 | |
| Average employees | 50 | 43 | |
| Wages | £3,129,895 | £2,869,848 | |
| Directors' remuneration | £123,719 | £126,376 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+9.9%
£11,664,557 £12,813,760
-
Cash
-61%
£104,616 £40,838
-
Net assets
+18.1%
-£4,889,826 -£4,006,364
-
Employees
-14%
50 43
-
Operating profit
+487.5%
-£305,817 £1,185,191
-
Profit before tax
+487.5%
-£305,817 £1,185,191
-
Wages
-8.3%
£3,129,895 £2,869,848
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -2.6% | 9.2% | |
| Net margin | -2.0% | 6.9% | |
| Return on capital employed | 6.3% | -29.6% | |
| Current ratio | 0.72x | 0.63x | |
| Interest cover | -0.72x | 2.55x |
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
- BABCOCK & WILCOX VØLUND LIMITED 2016-08-01 → present
- BABCOCK & WILCOX UK LIMITED 2015-11-17 → 2016-08-01
- BWV UK ENERGY LTD 2015-08-05 → 2015-11-17
- MM&S (5884) LIMITED 2015-07-09 → 2015-08-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- AAB Audit & Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have concluded that there are no material uncertainties in respect of going concern and, hence, these financial statements have been prepared on a going concern basis.”
Group structure
- BABCOCK & WILCOX VØLUND LIMITED · parent
- BWL Energy (Teesside) Ltd. 100%
Significant events
- “The business has been reviewing the delivery of O&M services within ongoing contracts and have exited the contract with MGEL as of 31 October 2024. This is a financial decision.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARTLEY, Michael John | Director | 2025-12-31 | Jun 1985 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MACLAY MURRAY & SPENS LLP | Corporate Secretary | 2015-07-09 | 2015-08-05 |
| BOGERS, Koen | Director | 2018-10-04 | 2020-03-09 |
| COCHRANE, Gary Campbell, Mr. | Director | 2020-09-01 | 2024-03-18 |
| COOKE, Steven | Director | 2023-01-23 | 2025-12-31 |
| GOLDY, Evan Thomas | Director | 2025-07-11 | 2025-12-05 |
| GRABOW, Jette | Director | 2017-10-03 | 2018-02-01 |
| JØRGENSEN, Jacob Rosenhøj | Director | 2015-08-05 | 2016-06-28 |
| LARK, Simon James Starling | Director | 2021-05-01 | 2022-10-14 |
| LEONARD, Andrew Oliver | Director | 2018-10-04 | 2020-10-09 |
| MORGAN, Jimmy Brian | Director | 2017-02-14 | 2021-12-31 |
| OEHLENSCHLAEGER, Martin | Director | 2018-10-04 | 2021-05-01 |
| OLESEN, John Veje | Director | 2015-08-05 | 2017-01-26 |
| PAUL, Chris | Director | 2021-05-01 | 2025-07-11 |
| PENNINGTON, Kerry Brent | Director | 2025-02-24 | 2025-07-11 |
| RIKER, Christopher Stephen | Director | 2025-07-11 | 2025-08-31 |
| TRUESDALE, Christine | Director | 2015-07-09 | 2015-07-23 |
| VINDEX LIMITED | Corporate Director | 2015-07-09 | 2015-08-05 |
| VINDEX SERVICES LIMITED | Corporate Director | 2015-07-09 | 2015-08-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Jimmy Brian Morgan | Individual | Significant influence | 2017-02-14 | Ceased 2017-02-14 |
| Babcock & Wilcox Volund A/S | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 70 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-07 | AA | accounts | Accounts with accounts type full | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-02-26 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-02-26 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-02-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-07 | AA | accounts | Accounts with accounts type full | |
| 2024-06-20 | AA | accounts | Accounts with accounts type full | |
| 2024-04-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 5
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.