WALTER WATSON LIMITED
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Cash
£23m
+4.2% vs 2024
Net assets
£64m
+8.1% highest in 3 filed years
Employees
227
+2.3% highest in 3 filed years
Profit before tax
£6.2m
-19.5% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £77,766,430 | £58,632,858 | £61,829,370 | +5.5% | |
| Operating profit | £9,059,283 | £6,774,842 | £5,395,504 | -20.4% | |
| Profit before tax | £9,465,807 | £7,671,188 | £6,173,556 | -19.5% | |
| Net profit | £7,222,193 | £5,838,030 | £4,646,702 | -20.4% | |
| Cash | £24,713,485 | £22,089,465 | £23,018,948 | +4.2% | |
| Total assets less current liabilities | £55,302,469 | £61,093,316 | £65,991,047 | +8% | |
| Net assets | £53,517,217 | £59,217,555 | £63,989,835 | +8.1% | |
| Equity | £53,517,217 | £59,217,555 | £63,989,835 | +8.1% | |
| Average employees | 224 | 222 | 227 | +2.3% | |
| Wages | £7,906,088 | £7,875,943 | £8,515,782 | +8.1% | |
| Directors' remuneration | £100,038 | £102,712 | £106,196 | +3.4% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 11.6% | 11.6% | 8.7% | |
| Net margin | 9.3% | 10.0% | 7.5% | |
| Return on capital employed | 16.4% | 11.1% | 8.2% | |
| Gearing (liabilities / total assets) | 25.2% | 14.7% | 14.7% | |
| Current ratio | 3.62x | 6.75x | 6.88x | |
| Interest cover | — | — | 32.51x |
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
- WALTER WATSON LIMITED 2000-01-01 → present
- WALTER WATSON & CO. LIMITED 1975-06-23 → 2000-01-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- MB McGrady & Co
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are confident that the group and company has adequate resources to continue its normal business for the foreseeable future, for at least 12 months from the date of signing the financial statements, and accordingly they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- WALTER WATSON LIMITED · parent
- Walter Watson Engineering (Ireland) Limited 100%
Significant events
- “The group made charitable donations amounting to £431,344 (2024: £115,338) during the year, principally for the benefit of local communities within which the group operates.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WATSON, Sarah Morrison | Secretary | 1975-06-23 | — | British |
| BARR, David William | Director | 2013-04-01 | Jul 1973 | British |
| WATSON, Derek James | Director | 2015-07-06 | Apr 1974 | British |
| WATSON, Sarah Morrison | Director | 1975-06-23 | Dec 1948 | British |
| WATSON, Walter | Director | 1975-06-23 | Dec 1944 | British |
| WATSON, William Paul | Director | 2015-07-06 | Dec 1976 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARSER, John M | Director | 1975-06-23 | 2013-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr James Walter Watson | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust), Significant influence, Significant influence (as trust), Significant influence (as firm) | 2016-04-06 | Active |
Filing timeline
Last 20 of 165 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-08-28 MA Memorandum articles
- 2026-07-28 RESOLUTIONS Resolution
- 2026-07-17 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-28 | MA | incorporation | Memorandum articles | |
| 2026-08-05 | AA | accounts | Accounts with accounts type group | |
| 2026-07-28 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-17 | MA | incorporation | Memorandum articles | |
| 2026-07-16 | SH08 | capital | Capital name of class of shares | |
| 2026-04-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-16 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-22 | AA | accounts | Accounts with accounts type group | |
| 2025-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-17 | AA | accounts | Accounts with accounts type group | |
| 2024-04-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-24 | AA | accounts | Accounts with accounts type group | |
| 2023-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-10-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-06-28 | AA | accounts | Accounts with accounts type group | |
| 2022-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-09 | AA | accounts | Accounts with accounts type group | |
| 2021-04-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-11-04 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
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.