WALSTEAD YORK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-14 (in 10mo)
Last made up 2026-02-28
Watchouts
Cash
£366K
-66.4% lowest in 3 filed years
Net assets
-£2M
-7.5% lowest in 3 filed years
Employees
31
-40.4% lowest in 3 filed years
Profit before tax
-£259K
-31.5% vs 2023
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
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | £9,599,000 | — | £17,663,000 | £7,255,000 | |
| Operating profit | -£1,329,000 | — | £228,000 | £18,000 | |
| Profit before tax | -£1,668,000 | — | -£197,000 | -£259,000 | |
| Net profit | -£1,253,000 | — | -£793,000 | -£154,000 | |
| Cash | £1,368,000 | — | £1,089,000 | £366,000 | |
| Total assets less current liabilities | £2,369,000 | — | £134,000 | -£685,000 | |
| Net assets | -£1,253,000 | — | -£2,046,000 | -£2,200,000 | |
| Equity | -£1,253,000 | -£1,253,000 | -£2,046,000 | -£2,200,000 | |
| Average employees | 45 | — | 52 | 31 | |
| Wages | £1,063,000 | — | £1,879,000 | £888,000 | |
| 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. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-58.9%
£17,663,000 £7,255,000
lowest in 3 filed years
-
Cash
-66.4%
£1,089,000 £366,000
lowest in 3 filed years
-
Net assets
-7.5%
-£2,046,000 -£2,200,000
lowest in 3 filed years
-
Employees
-40.4%
52 31
lowest in 3 filed years
-
Operating profit
-92.1%
£228,000 £18,000
first positive since 2022
-
Profit before tax
-31.5%
-£197,000 -£259,000
-
Wages
-52.7%
£1,879,000 £888,000
lowest in 3 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | -13.8% | — | 1.3% | 0.2% | |
| Net margin | -13.1% | — | -4.5% | -2.1% | |
| Return on capital employed | -56.1% | — | 170.1% | -2.6% | |
| Gearing (liabilities / total assets) | — | — | 145.5% | 178.5% | |
| Current ratio | — | — | 0.68x | 0.40x | |
| Interest cover | -3.92x | — | 0.54x | 0.06x |
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 1 time since incorporation
- WALSTEAD YORK LIMITED 2022-03-28 → present
- WALSTEAD NEWCO A LIMITED 2022-03-03 → 2022-03-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”
Significant events
- “During the year ended 31 December 2024, the Company entered into consultation with the workforce at the York site in the UK. This resulted in a decision to close the site. This followed a loss of power to the site for numerous months.”
- “In April 2025, the Company entered into consultation with the workforce at the York site in the UK. This resulted in a decision to close the site.”
- “In June 2025 the Group announced that the private equity shareholder in Walstead Holdings Limited, the Company's ultimate holding company, has indicated that they are looking to realise their investment in the Walstead business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARRIS, Debrah | Director | 2022-05-20 | Sep 1966 | British |
| SOUTHERLAND, Ian | Director | 2024-08-05 | Oct 1978 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KINGSTON, Roy Ernest | Director | 2022-05-20 | 2025-11-18 |
| MURRAY, Bruce Grant | Director | 2024-09-03 | 2026-03-31 |
| ROTHWELL, Julian Gordon | Director | 2022-03-03 | 2023-03-31 |
| SCANLON, Mark David | Director | 2022-04-21 | 2023-03-31 |
| UTTING, Paul | Director | 2022-05-20 | 2026-01-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Walstead United Kingdom Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-03-03 | Active |
Filing timeline
Last 20 of 24 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-15 | AA | accounts | Accounts with accounts type full | |
| 2024-10-04 | CH01 | officers | Change person director company with change date | |
| 2024-09-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-12 | AA | accounts | Accounts with accounts type full | |
| 2023-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-05-24 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-24 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-24 | 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
- 0
- 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.