WALSIN LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2027-04-02 (in 11mo)
Last made up 2026-03-19
Watchouts
Cash
£1M
Latest balance sheet
Net assets
£3M
lowest in 3 filed years
Employees
91
Average over period
Profit before tax
-£1M
lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-09-30
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Turnover | — | £16,519,857 | £25,943,279 | £35,737,361 | |
| Operating profit | — | £65,512 | £417,720 | -£938,961 | |
| Profit before tax | — | £3,930 | £341,803 | -£1,099,258 | |
| Net profit | — | £149,230 | £387,437 | -£930,281 | |
| Cash | — | £1,626,552 | £330,025 | £1,134,763 | |
| Total assets less current liabilities | — | £4,669,628 | £4,513,242 | £2,923,777 | |
| Net assets | — | £3,729,806 | £3,926,501 | £2,805,478 | |
| Equity | £3,764,788 | £3,729,806 | £3,926,501 | £2,805,478 | |
| Average employees | — | — | 80 | 91 | |
| Wages | — | £2,480,619 | £4,131,539 | £6,878,834 | |
| Directors' remuneration | — | £103,997 | £50,295 | £143,512 |
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 2024-09-30 vs 2023-03-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating margin | — | 0.4% | 1.6% | -2.6% | |
| Net margin | — | 0.9% | 1.5% | -2.6% | |
| Return on capital employed | — | 1.4% | 9.3% | -32.1% | |
| Gearing (liabilities / total assets) | — | — | 63.0% | 61.2% | |
| Current ratio | — | — | 1.40x | 1.27x | |
| Interest cover | — | 1.06x | 5.50x | -5.77x |
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 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Moore (N.I.) LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WALKER, Neil | Secretary | 1994-03-31 | — | British |
| SINCLAIR, Ian David | Director | 1994-03-31 | Oct 1965 | British |
| WALKER, Neil | Director | 1994-03-31 | Aug 1965 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARRUTHERS, Anita | Director | 2002-04-06 | 2010-03-31 |
| CARTMILL, Gilbert | Director | 2004-05-01 | 2009-05-21 |
| GODFREY, Alan | Director | 2008-04-01 | 2009-11-25 |
| STEPHENSON, Patrick | Director | 2001-04-06 | 2004-03-31 |
| STEPHENSON, Thomas Derek | Director | 2002-04-06 | 2004-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Walsin Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2024-09-12 | Active |
| Mr Ian David Sinclair | Individual | Shares 25–50% | 2016-04-06 | Ceased 2024-09-12 |
| Mr Neil Walker | Individual | Shares 25–50% | 2016-04-06 | Ceased 2024-09-12 |
Filing timeline
Last 20 of 108 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-04-25 | CH01 | officers | Change person director company with change date | |
| 2025-04-25 | CH01 | officers | Change person director company with change date | |
| 2025-04-25 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-04-25 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-04-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-12 | AA01 | accounts | Change account reference date company previous extended | |
| 2024-09-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-29 | AA | accounts | Accounts with accounts type medium | |
| 2023-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-04-05 | AA | accounts | Accounts with accounts type full | |
| 2022-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-11 | AA | accounts | Accounts with accounts type full | |
| 2021-06-30 | CH01 | officers | Change person director company with change date | |
| 2021-06-30 | CH01 | officers | Change person director company with change date | |
| 2021-04-06 | AA | accounts | Accounts with accounts type full | |
| 2021-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.