DEVOL ENGINEERING LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-15 (in 7mo)
Last made up 2025-12-01
Watchouts
None on the register
Cash
£1K
-93.8% lowest in 6 filed years
Net assets
£2M
-0.6% first positive since 2021
Employees
110
-3.5% vs 2024
Profit before tax
-£1K
+99.9% highest in 6 filed years
Net assets
10-year trend · vs Basic Materials median
Accounts
10-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-04-01 | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | £7,490,000 | — | £7,147,000 | £8,209,000 | — | £9,090,000 | — | £10,043,000 | £10,849,000 | |
| Operating profit | — | -£920,000 | — | -£570,000 | -£1,142,000 | — | -£1,985,000 | — | -£727,000 | £188,000 | |
| Profit before tax | — | -£1,287,000 | — | -£650,000 | -£1,236,000 | — | -£2,175,000 | — | -£966,000 | -£1,000 | |
| Net profit | — | -£1,287,000 | — | -£650,000 | -£1,236,000 | — | -£2,175,000 | — | -£966,000 | -£1,000 | |
| Cash | — | £62,000 | — | £74,000 | £84,000 | — | £30,000 | — | £16,000 | £1,000 | |
| Total assets less current liabilities | — | -£679,000 | — | -£329,000 | £185,000 | — | £287,000 | — | £2,339,000 | £2,314,000 | |
| Net assets | — | -£679,000 | — | -£329,000 | £185,000 | — | £273,000 | — | £2,307,000 | £2,293,000 | |
| Equity | £614,000 | -£679,000 | -£679,000 | -£329,000 | £185,000 | £185,000 | £273,000 | £273,000 | £2,307,000 | £2,293,000 | |
| Average employees | — | 105 | — | 99 | 102 | — | 111 | — | 114 | 110 | |
| Wages | — | £3,557,000 | — | £3,418,000 | £3,632,000 | — | £4,038,000 | — | £4,488,000 | £4,586,000 | |
| Directors' remuneration | — | £63,000 | — | £115,000 | £113,000 | — | £121,000 | — | £15,000 | £130,000 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+8%
£10,043,000 £10,849,000
highest in 6 filed years
-
Cash
-93.8%
£16,000 £1,000
lowest in 6 filed years
-
Net assets
-0.6%
£2,307,000 £2,293,000
first positive since 2021
-
Employees
-3.5%
114 110
-
Operating profit
+125.9%
-£727,000 £188,000
highest in 6 filed years
-
Profit before tax
+99.9%
-£966,000 -£1,000
highest in 6 filed years
-
Wages
+2.2%
£4,488,000 £4,586,000
highest in 6 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 | 2019-04-01 | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -12.3% | — | -8.0% | -13.9% | — | -21.8% | — | -7.2% | 1.7% | |
| Net margin | — | -17.2% | — | -9.1% | -15.1% | — | -23.9% | — | -9.6% | -0.0% | |
| Return on capital employed | — | 135.5% | — | 173.3% | -617.3% | — | -691.6% | — | -31.1% | 8.1% | |
| Current ratio | — | — | — | — | — | — | — | — | 1.17x | 1.14x | |
| Interest cover | — | -9.89x | — | -7.13x | -12.15x | — | -10.45x | — | -3.04x | 0.99x |
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)
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are confident that the Company can continue as a going concern.”
Group structure
- DEVOL ENGINEERING LIMITED · parent
- Devol Fabrications Limited 100%
- Devol Bushing Limited 100%
- Devol Moulding Services Limited 100%
- Devol Cast Nylon Limited 100%
Significant events
- “Turnover increased by 8% to £10,849,000, driven by increased project activity in the Oil & Gas sector, offsetting reduced demand from Construction and Transportation industries.”
- “Operating profit of £188,000 achieved in 2025, a significant turnaround from a £727,000 loss in 2024, attributed to improved product mix and margin.”
- “Stock and Work in Progress (WIP) decreased by 11% at year-end due to a lower order book at the start of the new financial year.”
- “Company achieved a 33% reduction in total injuries in 2025 (6 injuries, down from 9 in 2024), though one lost time incident occurred.”
- “New, elevated US tariffs announced on 2 April 2025, creating global economic uncertainty, with anticipated limited direct impact and potential for tariff cost pass-through.”
- “Continued increase in input costs, including labour and social taxes, mitigated by operational efficiencies and cost saving initiatives.”
- “Identified risk from potential prohibition or withdrawal of PFAS components used in products, with alternative solutions being researched and developed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRISTOW, Peter Lindsay | Director | 2021-12-01 | Jul 1971 | British |
| DOUGALL, James Duncan Macbride | Director | 2019-12-02 | Jan 1970 | British |
| NEEB, Diederik | Director | 2014-03-03 | May 1965 | Dutch |
| WOOD, Grant Hunter | Director | 2026-03-19 | Jan 1967 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COLLINS, Patricia Jane | Secretary | 2008-06-02 | 2018-08-31 |
| ERSKINE, Andrew Anderson Evans | Secretary | 1994-10-14 | 2008-06-02 |
| KHALDI, Fiona Elizabeth Margaret | Secretary | 2019-11-20 | 2019-12-20 |
| RAY, Richard Bardrick | Secretary | 2018-09-01 | 2019-01-24 |
| WHITELAW, Henry Mckenzie | Secretary | — | 1994-10-14 |
| ADAIR, Graham David | Director | 1997-03-01 | 2009-01-31 |
| BROOK, Mark Steven | Director | 2019-10-01 | 2025-01-05 |
| DALRYMPLE, Annie | Director | — | 1993-05-01 |
| DALRYMPLE, Jean | Director | — | 2008-06-02 |
| DALRYMPLE, Richard Mcalees | Director | — | 1995-04-30 |
| DALRYMPLE, Stuart Robert | Director | 1994-01-01 | 2010-02-26 |
| DALRYMPLE, William Robert | Director | — | 2005-05-31 |
| DUTHIE, Robin, Sir | Director | 1994-11-15 | 2003-12-31 |
| ERSKINE, Andrew Anderson Evans | Director | 1995-05-01 | 2009-05-31 |
| GALLOWAY, David | Director | 2012-07-02 | 2014-01-31 |
| HALL, Peter | Director | 2014-03-03 | 2019-09-26 |
| INGRAM, Kevin Albert | Director | 2008-06-02 | 2013-12-16 |
| JOHNSTON, James Alexander | Director | — | 1989-12-31 |
| NEEDHAM, Peter George | Director | 2008-06-02 | 2021-12-01 |
| STARK, Graham Alexander | Director | — | 2019-09-26 |
| STOCKDALE, William | Director | 2004-09-06 | 2007-01-30 |
| WHITELAW, Henry Mckenzie | Director | — | 1997-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| James Walker Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 185 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-19 | SH01 | capital | Capital allotment shares | |
| 2026-03-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-14 | AA | accounts | Accounts with accounts type full | |
| 2025-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-08 | AA | accounts | Accounts with accounts type full | |
| 2023-12-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-13 | AA | accounts | Accounts with accounts type full | |
| 2023-10-19 | SH01 | capital | Capital allotment shares | |
| 2023-02-09 | SH01 | capital | Capital allotment shares | |
| 2022-12-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-12 | AA | accounts | Accounts with accounts type full | |
| 2022-05-06 | CH01 | officers | Change person director company with change date | |
| 2022-03-10 | SH01 | capital | Capital allotment shares | |
| 2021-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2021-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-14 | AA | accounts | Accounts with accounts type full | |
| 2020-12-23 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- Officers appointed
- 1
- 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.