DENHOLM KSW LIMITED
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Cash
£33k
-83.5% lowest in 3 filed years
Net assets
£11m
+155.9% highest in 3 filed years
Employees
67
0% vs 2024
Profit before tax
-£1.1m
-193% 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 | £8,276,209 | £10,066,759 | £6,480,566 | -35.6% | |
| Operating profit | £678,216 | £1,494,228 | -£857,271 | -157.4% | |
| Profit before tax | £423,115 | £1,171,712 | -£1,089,552 | -193% | |
| Net profit | £376,717 | £951,578 | -£744,869 | -178.3% | |
| Cash | £33,786 | £198,625 | £32,783 | -83.5% | |
| Total assets less current liabilities | £3,297,531 | £4,800,965 | £12,393,187 | +158.1% | |
| Net assets | £3,239,439 | £4,191,017 | £10,722,809 | +155.9% | |
| Equity | £3,239,439 | £4,191,017 | £10,722,809 | +155.9% | |
| Average employees | 60 | 67 | 67 | 0% | |
| Wages | £2,825,138 | £3,485,382 | £3,049,852 | -12.5% | |
| Directors' remuneration | £437,835 | £509,878 | £492,931 | -3.3% | |
| Directors' pension contributions | £35,250 | £40,543 | £42,186 | +4.1% | |
| Highest paid director | £149,820 | £162,945 | £170,637 | +4.7% |
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 | 8.2% | 14.8% | -13.2% | |
| Net margin | 4.6% | 9.5% | -11.5% | |
| Return on capital employed | 20.6% | 31.1% | -6.9% | |
| Gearing (liabilities / total assets) | 59.2% | 55.5% | 28.8% | |
| Current ratio | 0.99x | 1.19x | 1.47x | |
| Interest cover | 2.66x | 4.63x | -3.69x |
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 2 times since incorporation — the current trading name was adopted 2026-03-02
- DENHOLM KSW LIMITED 2026-03-02 → present
- KSW ENGINEERING LIMITED 1988-06-02 → 2026-03-02
- K.S.W. ENGINEERING (FIFE) LIMITED 1982-03-02 → 1988-06-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared projections for the going concern period through to 30 June 2027 to assess the financial performance of the Company. The Directors... are satisfied that the company has a reasonable expectation that it has adequate resources to continue in business”
Group structure
- DENHOLM KSW LIMITED · parent
- Denholm Wellclad Ltd 100%
Significant events
- “On 31 March 2025, the company acquired 100% of the share capital of Glacier Welding Solutions Limited (subsequently renamed Denholm Wellclad Limited) for £7,474,007.”
- “As a result of Relay International Group Limited providing funding for the acquisition, Relay International Group Limited's shareholding in Denholm KSW Limited increased from 50% to 80%.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DANIELS, Eleanor Margaret Louise | Secretary | 2025-04-01 | — | — |
| BEVERIDGE, Michael John | Director | 2015-06-25 | Jun 1966 | British |
| FISHER, Paul Matthew | Director | 2015-06-25 | Jul 1971 | British |
| MCCARTHY, Charles Norman Drummond | Director | 2025-01-30 | Jun 1986 | British |
| PARKER, Benjamin Edward | Director | 2026-05-01 | Mar 1985 | British |
| WILSON, Alan Stewart | Director | 2015-06-25 | Aug 1950 | British |
| WILSON, Alan Scott | Director | 2007-11-05 | Oct 1971 | British |
| WILSON, Paul James | Director | 2007-11-05 | Apr 1976 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLARK, Martin | Secretary | 2023-11-03 | 2025-04-01 |
| DENHOLM, Cara Jane May | Secretary | 2015-06-25 | 2023-11-03 |
| SCOTT, Kenneth J B | Secretary | — | 1996-10-08 |
| WILSON, Alan Stewart | Secretary | 1996-10-08 | 2015-06-25 |
| CLARK, Martin | Director | 2019-10-03 | 2025-03-31 |
| CUBITT, Mark | Director | 2015-06-25 | 2017-04-28 |
| FREELAND, George Keith | Director | 1988-11-02 | 1992-04-07 |
| MILNE, Stewart | Director | 1991-08-31 | 2005-03-03 |
| SCOTT, Jemima B | Director | — | 1996-10-08 |
| SCOTT, Kenneth J B | Director | — | 1996-10-08 |
| WILSON, Alan Stewart | Director | — | 2015-06-25 |
| WILSON, Evelyn | Director | — | 2015-06-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Relay International Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-09-08 | Active |
| Denholm Energy Services Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2023-09-08 |
Filing timeline
Last 20 of 186 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-02 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-08-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-08 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-02 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-10-30 | SH01 | capital | Capital allotment shares | |
| 2025-10-22 | SH01 | capital | Capital allotment shares | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-07-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-27 | CH01 | officers | Change person director company with change date | |
| 2025-01-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-19 | AA | accounts | Accounts with accounts type full | |
| 2024-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-02-14 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 2
- 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.