CASTLE WATER LIMITED
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Cash
£36M
+3.3% highest in 4 filed years
Net assets
-£12M
-23.3% vs 2024
Employees
473
+7.5% vs 2024
Profit before tax
-£512K
+76.1% highest in 4 filed years
Net assets
4-year trend · vs Utilities median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £395,601,000 | £436,016,000 | £434,352,000 | £443,175,000 | +2% | |
| Operating profit | -£20,966,000 | £222,000 | £7,329,000 | £10,433,000 | +42.4% | |
| Profit before tax | -£29,386,000 | -£8,620,000 | -£2,142,000 | -£512,000 | +76.1% | |
| Net profit | -£23,986,000 | -£9,663,000 | -£3,911,000 | -£2,207,000 | +43.6% | |
| Cash | £10,942,000 | £20,922,000 | £34,548,000 | £35,679,000 | +3.3% | |
| Total assets less current liabilities | — | — | £70,235,000 | £60,225,000 | -14.3% | |
| Net assets | -£15,915,000 | -£5,578,000 | -£9,489,000 | -£11,696,000 | -23.3% | |
| Equity | -£15,915,000 | -£5,578,000 | -£9,489,000 | -£11,696,000 | -23.3% | |
| Average employees | — | — | 440 | 473 | +7.5% | |
| Wages | — | — | £17,260,000 | £19,698,000 | +14.1% | |
| Directors' remuneration | — | — | £604,000 | £681,000 | +12.7% |
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 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|
| Operating margin | -5.3% | 0.1% | 1.7% | 2.4% | |
| Net margin | -6.1% | -2.2% | -0.9% | -0.5% | |
| Return on capital employed | — | — | 10.4% | 17.3% | |
| Gearing (liabilities / total assets) | — | — | 103.4% | 104.3% | |
| Current ratio | — | — | 0.87x | 0.85x | |
| Interest cover | -2.49x | 0.03x | 0.77x | 0.95x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of their assessment of the Group and Company's financial position including compliance with covenants, the directors are satisfied that the Group will be able to continue in operational existence for the foreseeable future and meet its liabilities as they fall due. As such they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- CASTLE WATER LIMITED · parent
- Castle Water (Scotland) Limited 100%
- Castle Water (South East) Limited 100%
- Castle Water (Southern) Limited 100%
- Castle Water (Scotland) No. 2 Limited 100%
Significant events
- “Our acquisition of Brightwater Services Limited in February 2025 added 12,000 customers and increased our market share in Scotland to over 9%.”
- “In 2025, we introduced redesigned, user-friendly bills informed by customer feedback.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GETTINBY, Helen, Mrs | Secretary | 2024-09-30 | — | — |
| CIUCCIO, Giovanni Maria | Director | 2018-12-14 | Mar 1981 | Italian |
| EDWARDS, Graham Henry | Director | 2014-04-17 | Jan 1964 | British |
| REYNOLDS, John Nigel | Director | 2014-04-17 | Sep 1966 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRANT, Judith Anne | Secretary | 2017-10-27 | 2017-12-14 |
| MCFARLANE, Charles Andrew | Secretary | 2016-10-18 | 2017-10-27 |
| MITCHELL, Euan William | Secretary | 2017-12-14 | 2024-09-30 |
| REYNOLDS, John Nigel | Secretary | 2014-04-17 | 2016-10-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Shamil Anil Chandaria | Individual | Shares 25–50% (as trust) | 2021-04-03 | Active |
| Hsbc Bank Plc | Corporate entity | Shares 25–50% (as trust) | 2021-04-03 | Active |
| Wpgss Limited | Corporate entity | Shares 50–75% (as trust), Voting 75–100% (as trust), Appoints directors (as trust) | 2020-03-26 | Active |
| Castle Water Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-07-01 | Ceased 2016-07-01 |
| Mr Graham Henry Edwards | Individual | Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2023-05-26 |
| Hsbc Holdings Plc | Corporate entity | Shares 50–75% (as trust), Voting 75–100% (as trust), Appoints directors (as trust) | 2016-04-06 | Active |
Filing timeline
Last 20 of 131 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-27 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-12-08 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-18 | AA | accounts | Accounts with accounts type group | |
| 2025-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-04 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-04-04 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-04-04 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-04-04 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-04-04 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-04-04 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-04-04 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-04-04 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-04-04 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-04-04 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-04-04 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-04-04 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-04-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-03 | 466(Scot) | mortgage | Mortgage alter floating charge with number |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.