INLAND WATERWAYS ASSOCIATION(THE)
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Cash
£406K
-45.4% lowest in 3 filed years
Net assets
£2.7M
-0.5% vs 2024
Employees
8
-76.5% lowest in 3 filed years
Profit before tax
—
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Consumer Discretionary median
INLAND WATERWAYS ASSOCIATION(THE)·Consumer Discretionary median
INLAND WATERWAYS ASSOCIATION(THE)·Consumer Discretionary median
INLAND WATERWAYS ASSOCIATION(THE)·Consumer Discretionary median
INLAND WATERWAYS ASSOCIATION(THE)·Consumer Discretionary median
INLAND WATERWAYS ASSOCIATION(THE)·Consumer Discretionary 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 | £1,890,454 | £1,818,463 | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | — | — | — | — | |
| Net profit | £128,137 | £296,857 | £327,068 | +10.2% | |
| Cash | £678,252 | £743,088 | £405,646 | -45.4% | |
| Total assets less current liabilities | £2,370,994 | £2,680,782 | £2,650,465 | -1.1% | |
| Net assets | £2,367,331 | £2,664,188 | £2,650,465 | -0.5% | |
| Equity | £2,367,331 | £2,664,188 | £2,650,465 | -0.5% | |
| Average employees | 46 | 34 | 8 | -76.5% | |
| Wages | £758,834 | £608,641 | £328,171 | -46.1% | |
| Directors' remuneration | £0 | £0 | £0 | — |
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 |
|---|---|---|---|---|
| Net margin | 6.8% | 16.3% | — | |
| Gearing (liabilities / total assets) | 12.3% | 9.8% | 3.8% | |
| Current ratio | 2.65x | 3.28x | 5.99x |
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
- Consolidated group
- Auditor
- Sayer Vincent LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“For these reasons, the board continues to adopt the going concern basis in preparing the financial statements.”
Group structure
- INLAND WATERWAYS ASSOCIATION(THE) · parent
- Inland Waterways Enterprises Ltd 100%
- Waterway Recovery Group Ltd 100%
Significant events
- “The disposal of Essex Waterways Ltd (EWL) had an impact on IWA's balance sheet as at 31st December 2025 and was disclosed in Note 17 of the annual accounts.”
- “After the Bridgewater Canal breach on New Year's Day 2025, we said there were hundreds of similar embankments facing a similar degree of risk, meaning the need to invest in navigations would only grow in intensity and urgency.”
- “In December, another catastrophic breach occurred on the Llangollen Canal, and our Risk Index received further national publicity.”
- “Essex Waterways Ltd (EWL) which had been owned by the IWA since its formation in November 2005, was transferred to a newly formed independent charity, Essex Waterways Navigation Trust at the end of March 2025.”
- “We have been involved with an ongoing dispute around the lease of an investment property left to the Association.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 91 resigned
Showing the first 100 officers on file — Companies House returns these 100 per page and this record sits at that limit, so the list (and any former officers) may be incomplete. Full register on Companies House
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EDWARDS, Neil Bruce | Secretary | 2024-05-29 | — | — |
| ATKINS, Robert James, Rt Hon Sir | Director | 2017-04-03 | Feb 1946 | British |
| CHAPMAN, David Lawrence | Director | 2019-09-28 | Aug 1943 | British |
| MARLOW, Peter John Court | Director | 2023-09-23 | May 1952 | British |
| PORTER, Colin Howard | Director | 2024-08-19 | Mar 1950 | British |
| RIGLEY, Hannah | Director | 2021-09-25 | Aug 1994 | British |
| SESNAN, Ian Christopher Redmond, Dr | Director | 2024-07-06 | Apr 1957 | British |
| STRUDWICK, Paul Roland | Director | 2023-09-23 | Mar 1947 | British |
| WILLS, Michael John | Director | 2022-09-24 | Jul 1951 | British |
Show 91 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EDWARDS, Neil Bruce | Secretary | 2018-12-31 | 2020-10-03 |
| EDWARDS, Neil Bruce | Secretary | 1996-01-20 | 2009-07-11 |
| ELLIOTT ADAMS, Helen | Secretary | 2009-07-11 | 2016-06-18 |
| ELLIOTT-ADAMS, Helen | Secretary | 2009-07-01 | 2016-06-18 |
| HART, Frances | Secretary | — | 1996-01-20 |
| OVERY, Andrew Kevin | Secretary | 2016-06-18 | 2018-12-31 |
| REDDY, Vedyamala | Secretary | 2023-02-01 | 2024-05-29 |
| WILSON, Genevieve Gabrielle | Secretary | 2020-10-03 | 2023-02-01 |
| ALLISON-BEER, David Keith | Director | — | 2002-03-15 |
| ARLIDGE, Neil Martin | Director | 2003-09-27 | 2008-12-15 |
| BARNES, Richard John Christopher | Director | 2022-09-24 | 2025-09-27 |
| BARNES, Richard John Christopher | Director | 2016-09-24 | 2022-03-12 |
| BAYLIS, John Walwyn | Director | 1999-09-25 | 2009-09-26 |
| BAYLIS, John Walwyn | Director | — | 1999-04-15 |
| BEARD, Douglas Albert | Director | 2008-09-27 | 2011-10-08 |
| BEARD, Douglas Albert | Director | 1996-03-28 | 2007-03-15 |
| BIRKETT, Paul Andrew | Director | 2015-09-26 | 2016-06-18 |
| BIRKS, Christopher | Director | 2010-07-02 | 2012-06-30 |
| BOLT, Peter Charles | Director | 2003-03-24 | 2008-04-26 |
| BRADLEY, Derek | Director | 2000-05-10 | 2009-05-07 |
| BRADSHAW, Elizabeth Suzanne Rylance | Director | 1996-05-23 | 2000-05-25 |
| BURSEY, Philippa Mary | Director | 2020-10-03 | 2020-11-10 |
| BURT, Stuart Mckay | Director | 2003-09-27 | 2008-01-09 |
| BUTLER, John Michael | Director | 2020-10-03 | 2023-09-23 |
| BUTLER, John Michael | Director | 2014-09-27 | 2017-09-24 |
| CAPLAN, Ivor Henry | Director | 2010-09-25 | 2020-11-17 |
| CARTER, Michael Charles | Director | 2015-09-26 | 2016-11-18 |
| CARTER, Raymond Francis | Director | 2008-09-27 | 2020-10-03 |
| CARTER, Raymond Francis | Director | — | 2001-09-12 |
| CHAMBERS, Alastair | Director | 2009-09-26 | 2013-04-17 |
| CLARK, Anthony Victor John | Director | 2009-01-04 | 2009-01-17 |
| COLLET-FENSON, Richard John | Director | 2014-01-03 | 2014-09-27 |
| CRAIG, Stuart | Director | 2023-09-23 | 2025-07-21 |
| DAVENPORT, Sheila Ann | Director | — | 1996-09-28 |
| DAVIS, Colin | Director | 2004-11-13 | 2008-07-13 |
| DENNISON, Jeffrey Peter | Director | 1997-09-27 | 2000-03-18 |
| DRAKE, Richard Grainger | Director | 1993-04-03 | 2002-12-31 |
| DUKES, Robert, Doctor | Director | 1999-05-10 | 2002-06-30 |
| DYBECK, Nicholas Martin | Director | 2020-10-03 | 2024-05-29 |
| EDWARDS, Neil Bruce | Director | — | 1995-08-31 |
| ETHERIDGE, Leslie Michael | Director | 2022-05-02 | 2023-09-23 |
| ETHERIDGE, Leslie Michael | Director | 2018-10-10 | 2018-10-23 |
| ETHERIDGE, Leslie Michael | Director | 2006-09-30 | 2018-09-29 |
| EVANS, Constance Vivian | Director | 1999-04-12 | 2003-03-24 |
| EVANS, John William Bryan | Director | 1998-03-21 | 1998-10-23 |
| FLETCHER, John Charles | Director | 1998-01-21 | 2009-09-26 |
| FLETCHER, Margaret | Director | 2002-11-17 | 2006-05-06 |
| FRECKNALL, John William Howard | Director | 1997-01-31 | 1999-04-10 |
| GRAZEBROOK, Nicholas Quartly | Director | 1999-03-24 | 2002-08-21 |
| GREEN, Barry Malcolm | Director | 1992-05-20 | 2000-05-10 |
| HANDFORD, Michael Anthony | Director | 1993-04-03 | 1994-06-04 |
| HARRISON, Anthony John Maxwell | Director | 1994-10-01 | 2009-09-26 |
| HARROWER, Gordon | Director | 2011-10-08 | 2017-09-24 |
| HENDERSON, Clive | Director | 2003-04-02 | 2015-09-26 |
| HIGGS, Robin Philip Coventry | Director | 1995-12-09 | 1999-09-25 |
| HOLLINGTON, Gerald | Director | 1994-04-16 | 1996-05-31 |
| HOLMES, Roger Edward | Director | 2018-10-10 | 2018-11-24 |
| HOLMES, Roger Edward | Director | 2013-01-03 | 2018-09-29 |
| HONES, Julia Anne | Director | 2005-10-01 | 2008-09-28 |
| HOWES, Christopher Walter | Director | 2017-09-30 | 2020-07-15 |
| HUGHES, Christl Anne | Director | 2024-08-19 | 2025-09-27 |
| HUGHES, Rebecca | Director | 2021-09-25 | 2023-02-01 |
| JACKSON, Peter | Director | — | 1992-04-04 |
| JERVIS, Alan | Director | — | 1998-06-30 |
| JONES, David Gareth | Director | 2014-09-27 | 2017-09-24 |
| JOYCE, William Henry | Director | 2006-05-03 | 2009-04-30 |
| KELLY, Peter John Louis | Director | 2002-09-27 | 2009-09-26 |
| KENNERLEY, James | Director | 2010-03-26 | 2010-10-11 |
| LAWRANCE, Alasdair John Alexander | Director | 2010-09-25 | 2013-10-12 |
| LYNAM, Paul | Director | 2024-02-21 | 2024-05-31 |
| MARTIN, Ronald Trevor | Director | 1995-04-26 | 1996-01-13 |
| MARTIN, Ronald Trevor | Director | — | 1993-02-28 |
| MCGRATH, Michael | Director | — | 1992-06-14 |
| MESSHAM, Grenville Christopher | Director | 2013-10-12 | 2017-11-25 |
| MOORE, David Leslie | Director | 1993-01-30 | 1995-04-26 |
| MOORE, Judith | Director | 2006-09-30 | 2008-05-01 |
| MOORE, Judith | Director | 1996-09-30 | 2004-09-25 |
| NORMAN, Claire | Director | 2022-09-24 | 2024-09-18 |
| O'HARE, Susan Claire, Dr | Director | 2020-10-03 | 2025-12-12 |
| PALMER, Michael Keith | Director | 2017-09-30 | 2020-10-03 |
| PALMER, Michael Keith | Director | 1994-10-01 | 2009-09-26 |
| PALMER, Ulick Charles | Director | 1992-04-04 | 1994-09-30 |
| PAYNE, Michael Philip | Director | 1994-12-10 | 1998-01-21 |
| PAYNE, Rita Elizabeth | Director | 1995-04-23 | 2007-09-29 |
| PECKETT, Bruce | Director | 1999-09-25 | 2002-05-17 |
| PERCY, Brian Raymond | Director | 1992-06-14 | 2002-01-30 |
| PLATT, Alan Joseph | Director | 2009-05-07 | 2015-09-26 |
| POMFRET, John Richard | Director | 2016-07-01 | 2017-09-24 |
| POMFRET, John Richard | Director | 2000-09-30 | 2013-10-12 |
| PRIOR, Dave | Director | 2005-05-06 | 2006-02-02 |
| PRITCHARD, Ronald William | Director | 1994-04-25 | 1997-03-26 |
Ownership
Persons with significant control
No persons with significant control on record.
Filing timeline
Last 20 of 418 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-27 | AA | accounts | Accounts with accounts type group | |
| 2026-01-20 | CH01 | officers | Change person director company with change date | |
| 2026-01-20 | CH01 | officers | Change person director company with change date | |
| 2026-01-20 | CH01 | officers | Change person director company with change date | |
| 2026-01-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-10 | AA | accounts | Accounts with accounts type group | |
| 2024-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-24 | AA | accounts | Accounts with accounts type group | |
| 2024-09-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-27 | CH01 | officers | Change person director company with change date | |
| 2024-06-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-05 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 4
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.