PENNON WATER SERVICES LIMITED
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Cash
£748k
-79.2% lowest in 3 filed years
Net assets
£16m
+37% highest in 3 filed years
Employees
138
-5.5% lowest in 3 filed years
Profit before tax
£5.3m
-0.8% vs 2025
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons. The directors have prepared cash flow forecasts for the group for a period of 15 months from the date of approval of these financial statements which indicate that, the group (including the company) will have sufficient funds to continue to meet its liabilities as they fall due for at least 15 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis. This is substantiated by a letter to the Company confirming that financial support from the group will be provided whenever that is needed.
-
Going-concern uncertainty disclosed
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 | £233,817,000 | £252,435,000 | £305,831,000 | +21.2% | |
| Operating profit | £6,682,000 | £7,283,000 | £7,145,000 | -1.9% | |
| Profit before tax | £4,703,000 | £5,362,000 | £5,317,000 | -0.8% | |
| Net profit | £3,508,000 | £4,019,000 | £4,045,000 | +0.6% | |
| Cash | £6,150,000 | £3,592,000 | £748,000 | -79.2% | |
| Total assets less current liabilities | £39,938,000 | £44,070,000 | £48,313,000 | +9.6% | |
| Net assets | £7,351,000 | £11,483,000 | £15,726,000 | +37% | |
| Equity | £7,351,000 | £11,483,000 | £15,726,000 | +37% | |
| Average employees | 143 | 146 | 138 | -5.5% | |
| Wages | £4,375,000 | £4,716,000 | £4,660,000 | -1.2% | |
| Directors' remuneration | £0 | £0 | — | — |
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 |
|---|---|---|---|---|
| Operating margin | 2.9% | 2.9% | 2.3% | |
| Net margin | 1.5% | 1.6% | 1.3% | |
| Return on capital employed | 16.7% | 16.5% | 14.8% | |
| Gearing (liabilities / total assets) | 88.8% | 85.1% | 82.9% | |
| Current ratio | 2.47x | 2.28x | 2.06x | |
| Interest cover | 2.81x | 3.10x | 3.09x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons. The directors have prepared cash flow forecasts for the group for a period of 15 months from the date of approval of these financial statements which indicate that, the group (including the company) will have sufficient funds to continue to meet its liabilities as they fall due for at least 15 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis. This is substantiated by a letter to the Company confirming that financial support from the group will be provided whenever that is needed.”
Group structure
- PENNON WATER SERVICES LIMITED · parent
- Source For Business Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CAIN, Ian Paul | Director | 2026-01-29 | Sep 1965 | British |
| FLOWERDEW, Laura | Director | 2024-01-29 | Feb 1976 | British |
| HAYWARD, Barry Philip | Director | 2025-10-10 | Jan 1979 | British |
| MAHER, Charlotte Tamsyn | Director | 2023-10-19 | Jun 1980 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GARARD, Andrew Sheldon | Secretary | 2022-12-01 | 2024-02-22 |
| MASSIE, Scott Edward | Secretary | 2019-02-18 | 2020-07-31 |
| PUGSLEY, Simon Anthony Follett | Secretary | 2021-04-06 | 2022-11-22 |
| SENIOR, Karen | Secretary | 2015-12-04 | 2021-04-06 |
| SLOAN, Emma Victoria | Secretary | 2024-08-02 | 2024-10-31 |
| ZMUDA, Richard Cyril | Secretary | 2015-12-04 | 2016-11-30 |
| BOOTE, Paul Michael | Director | 2020-07-08 | 2023-12-31 |
| BUCK, Steven | Director | 2024-01-01 | 2024-07-11 |
| DAVY, Susan Jane | Director | 2020-07-22 | 2025-12-31 |
| LOUGHLIN, Christopher | Director | 2015-12-04 | 2020-07-22 |
| NEWLAND, Phillip Charles, Mr | Director | 2017-03-28 | 2023-05-24 |
| O'MALLEY, Robert James | Director | 2020-07-22 | 2025-04-29 |
| PAGE, Adrian Peter | Director | 2017-03-28 | 2020-04-29 |
| RAYNER, Peter Alexander | Director | 2019-05-15 | 2023-01-24 |
| READ, Monica Susan | Director | 2015-12-04 | 2017-07-12 |
| RINGHAM, Paul Michael | Director | 2017-07-12 | 2020-07-08 |
| STANBROOK, Richard Charles, Mr | Director | 2020-05-20 | 2021-04-30 |
| VAIN, Kate Louise | Director | 2017-03-20 | 2019-04-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pennon Group Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 66 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-07 | AA | accounts | Accounts with accounts type full | |
| 2026-02-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-27 | AA | accounts | Accounts with accounts type full | |
| 2025-10-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-08-23 | AUD | auditors | Auditors resignation company | |
| 2024-08-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-30 | AA | accounts | Accounts with accounts type full | |
| 2024-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-11 | CH01 | officers | Change person director company with change date | |
| 2024-02-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
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.