BOOTH WELSH NEXUS LIMITED
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2025-06-30
Confirmation statement due
2027-02-16 (in 9mo)
Last made up 2026-02-02
Watchouts
None on the register
Cash
£201K
Latest balance sheet
Net assets
£5M
Equity attributable
Employees
169
Average over period
Profit before tax
£2M
Period ending 2025-06-30
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2025-06-30
| Metric | Trend | 2023-02-02 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|
| Turnover | — | £29,754,242 | £27,807,620 | |
| Operating profit | — | £3,729,224 | £2,081,731 | |
| Profit before tax | — | £3,371,384 | £1,827,060 | |
| Net profit | — | £3,295,208 | £1,731,184 | |
| Cash | £0 | £280,948 | £201,124 | |
| Total assets less current liabilities | — | £3,628,370 | £5,326,768 | |
| Net assets | — | £3,495,208 | £5,206,292 | |
| Equity | £0 | £3,495,208 | £5,206,292 | |
| Average employees | — | 186 | 169 | |
| Wages | — | £10,685,831 | £8,620,839 | |
| Directors' remuneration | — | £194,870 | £328,083 |
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 2025-06-30 vs 2024-06-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-02-02 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|
| Operating margin | — | 12.5% | 7.5% | |
| Net margin | — | 11.1% | 6.2% | |
| Return on capital employed | — | 102.8% | 39.1% | |
| Gearing (liabilities / total assets) | — | 69.5% | 49.2% | |
| Current ratio | — | 1.20x | 1.67x | |
| Interest cover | — | 10.42x | 8.17x |
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
- William Duncan + Co (Audit) Ltd
- 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 group's and parent 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.”
Group structure
- BOOTH WELSH NEXUS LIMITED · parent
- BWA Nexus Limited 100%
- BWA (Holdings) Limited 100%
- Booth Welsh Automation Limited 100%
- Itech (roon) Ltd 100%
- Itech (Scotland) Ltd 100%
Significant events
- “One of the most significant developments this year has been the successful transaction involving the transition of ownership of Booth Welsh Nexus Limited into an Employee Ownership Trust (EOT).”
- “This year has seen the accelerated adoption of AI across various facets of our business operations. Key initiatives include: AI-Powered Project Management, Predictive Maintenance and Analytics, AI in Design and Simulation, AI-Driven Customer Insights.”
- “In 2025, we expanded our graduate intake, welcoming a diverse group of highly motivated graduates from top universities across the country.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARMOUR, David John | Director | 2023-02-03 | Jan 1966 | British |
| FLORENCE, Gavin | Director | 2023-06-03 | Nov 1969 | British |
| WELSH, Martin James | Director | 2023-02-03 | Jan 1964 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CAMPBELL, Finlay James | Secretary | 2023-06-03 | 2024-08-27 |
| CAMPBELL, Finlay James | Director | 2023-02-03 | 2023-06-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Booth Welsh Trust Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-10-30 | Active |
| Mr Martin James Welsh | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-02-03 | Ceased 2023-04-17 |
Filing timeline
Last 20 of 25 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-03 MA Memorandum articles
- 2025-11-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | AA | accounts | Accounts with accounts type group | |
| 2026-02-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-18 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-11-03 | MA | incorporation | Memorandum articles | |
| 2025-11-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-12 | AA | accounts | Accounts with accounts type group | |
| 2025-04-16 | SH03 | capital | Capital return purchase own shares | |
| 2025-04-11 | SH06 | capital | Capital cancellation shares | |
| 2025-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-10 | AA01 | accounts | Change account reference date company previous extended | |
| 2024-08-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-06-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-27 | SH08 | capital | Capital name of class of shares | |
| 2023-04-27 | SH02 | capital | Capital alter shares subdivision | |
| 2023-04-26 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2023-04-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 2
- 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.