SHEARWATER HOLDINGS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-01-21 (in 8mo)
Last made up 2026-01-07
Watchouts
None on the register
Cash
£2M
+149.1% highest in 5 filed years
Net assets
£6M
+38.7% highest in 5 filed years
Employees
71
+26.8% highest in 5 filed years
Profit before tax
£3M
+436.5% vs 2024
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £11,562,150 | £18,337,601 | |
| Operating profit | — | — | — | — | £518,609 | £2,680,101 | |
| Profit before tax | — | — | — | — | £494,700 | £2,653,985 | |
| Net profit | — | — | — | — | £345,749 | £1,985,892 | |
| Cash | £4,308 | £4,295 | £4,282 | — | £877,500 | £2,185,806 | |
| Total assets less current liabilities | £558,916 | £558,916 | £558,916 | — | £4,561,661 | £6,754,083 | |
| Net assets | — | — | — | — | £4,018,274 | £5,574,166 | |
| Equity | £558,916 | £558,916 | £558,916 | £783,960 | £4,018,274 | £5,574,166 | |
| Average employees | 0 | 0 | 0 | — | 56 | 71 | |
| Wages | — | — | — | — | £1,916,474 | £3,619,477 | |
| Directors' remuneration | — | — | — | — | £25,140 | £25,140 |
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
+58.6%
£11,562,150 £18,337,601
-
Cash
+149.1%
£877,500 £2,185,806
highest in 5 filed years
-
Net assets
+38.7%
£4,018,274 £5,574,166
-
Employees
+26.8%
56 71
highest in 5 filed years
-
Operating profit
+416.8%
£518,609 £2,680,101
-
Profit before tax
+436.5%
£494,700 £2,653,985
-
Wages
+88.9%
£1,916,474 £3,619,477
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 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 4.5% | 14.6% | |
| Net margin | — | — | — | — | 3.0% | 10.8% | |
| Return on capital employed | — | — | — | — | 11.4% | 39.7% | |
| Current ratio | — | — | — | — | 2.62x | 2.14x | |
| Interest cover | — | — | — | — | 21.69x | 66.54x |
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
- Consolidated group
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on current trading levels and projected future results, the directors have assessed the company to be a going concern.”
Group structure
- SHEARWATER HOLDINGS LIMITED · parent
- Shearwater Marine Services Limited 100%
- Shearwater Diving Services Limited 100%
- Shearwater Engineering Services Limited 100%
- Professional Diving Academy Limited 100%
- Submertec Limited 100%
- Shearwater Manpower Services Ltd 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PETRO, Eilidh Ann | Secretary | 2024-09-01 | — | — |
| BAIRD, Alastair John | Director | 2002-01-07 | Jul 1962 | British |
| BRANNAN, Thomas | Director | 2002-01-07 | Aug 1955 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAIRD, Alastair John | Secretary | 2002-01-07 | 2024-09-01 |
| OSWALDS OF EDINBURGH LIMITED | Corporate Nominee Secretary | 2002-01-07 | 2002-01-07 |
| JORDANS (SCOTLAND) LIMITED | Corporate Nominee Director | 2002-01-07 | 2002-01-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Alastair John Baird | Individual | Shares 25–50%, Voting 25–50% | 2016-04-07 | Active |
| Mr Tom Brannan | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 64 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-22 | AA | accounts | Accounts with accounts type group | |
| 2025-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-04 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-10-04 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-10-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-22 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-21 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-01-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-20 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-03-31 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-03-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-11-28 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-12-11 | AA | accounts | Accounts with accounts type total exemption full | |
| 2018-01-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2017-09-05 | AA | accounts | Accounts with accounts type total exemption full |
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.