WATERMAN STRUCTURES LIMITED
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Cash
—
Latest balance sheet
Net assets
£2.6m
+11.5% highest in 3 filed years
Employees
107
-12.3% lowest in 3 filed years
Profit before tax
£335k
+42.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 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 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 | £18,390,000 | £17,654,000 | £17,350,000 | -1.7% | |
| Operating profit | £1,970,000 | £242,000 | £341,000 | +40.9% | |
| Profit before tax | £1,966,000 | £235,000 | £335,000 | +42.6% | |
| Net profit | £1,503,000 | £126,000 | £265,000 | +110.3% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £4,413,000 | £4,587,000 | £4,961,000 | +8.2% | |
| Net assets | £2,188,000 | £2,314,000 | £2,579,000 | +11.5% | |
| Equity | £2,188,000 | £2,314,000 | £2,579,000 | +11.5% | |
| Average employees | 139 | 122 | 107 | -12.3% | |
| Wages | £7,849,000 | £7,810,000 | £6,931,000 | -11.3% | |
| Directors' remuneration | £935,000 | £952,000 | £866,000 | -9% |
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 | 10.7% | 1.4% | 2.0% | |
| Net margin | 8.2% | 0.7% | 1.5% | |
| Return on capital employed | 44.6% | 5.3% | 6.9% | |
| Gearing (liabilities / total assets) | 81.8% | 79.6% | — | |
| Current ratio | 1.55x | 1.65x | 1.93x | |
| Interest cover | — | 34.57x | 56.83x |
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 3 times since incorporation
- WATERMAN STRUCTURES LIMITED 2005-07-05 → present
- WATERMAN PARTNERSHIP LIMITED 2005-07-01 → 2005-07-05
- WATERMAN PARTNERSHIP LIMITED 1988-01-01 → 2005-07-01
- SPARKEASY LIMITED 1987-11-16 → 1988-01-01
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company meets its day-to-day working capital requirements through its cash reserves and borrowings. The Company continues to trade profitably and generate positive cash flows. After making enquines, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The directors have also received confirmation that Waterman Group plc currently intends to support the Company for at least one year after these financial statements are signed. The Company therefore continues to adopt the going concern basis in preparing its financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUMPHREY, Neil Robert John | Director | 2023-04-01 | May 1971 | British |
| STEELE, Alex Ann | Director | 2010-12-15 | Apr 1968 | British |
| WHITEHEAD, Richard | Director | 2020-08-12 | Jul 1972 | British |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HISCOCKS, Graham Robert | Secretary | 1993-06-29 | 2016-12-19 |
| JOHNSTONE, John Samuel | Secretary | — | 1993-06-29 |
| AUSTIN, James Arthur | Director | — | 2012-10-08 |
| BERESFORD, Craig William Keith | Director | 1994-07-01 | 2023-03-31 |
| BLAND, Richard | Director | 2005-07-01 | 2014-12-31 |
| BRODERICK, Michael Martin | Director | 2015-01-01 | 2026-01-01 |
| BURTON, Alexander Charles | Director | — | 2008-06-30 |
| CAMPBELL, Robert Hugh | Director | — | 2001-06-30 |
| CHITTLEBOROUGH, David | Director | 1994-07-01 | 2012-12-31 |
| CLAMPITT, Frederick Arthur | Director | — | 1995-03-01 |
| DICKS, Christopher Albert Edward | Director | — | 2000-02-02 |
| DOBBINS, Barry | Director | 2012-07-01 | 2022-08-26 |
| DOCHERTY, Hugh | Director | — | 2007-06-07 |
| FROST, David Kevin | Director | 1994-07-01 | 1997-05-31 |
| FULLER, Stephen John | Director | 1994-07-01 | 2017-10-16 |
| FUNG, David King-Wo | Director | — | 2018-12-31 |
| GIBSON, Colin David | Director | 2003-07-01 | 2007-06-07 |
| GORDON, Alan | Director | — | 2001-06-30 |
| GORE, Barry John | Director | 1991-12-19 | 2001-06-30 |
| HANDY, Simon | Director | 1994-07-01 | 2004-04-05 |
| HARDEN, Simon Donald | Director | — | 2004-06-30 |
| HARRISON, Andrew John | Director | 2020-08-12 | 2026-01-01 |
| HISCOCKS, Graham Robert | Director | 1993-06-29 | 2010-12-15 |
| JOHNSTONE, John Samuel | Director | — | 1993-06-29 |
| MATHYS, James Henry | Director | — | 2004-02-29 |
| PAPWORTH, Richard Arthur | Director | 2016-01-01 | 2020-11-20 |
| PEET, Colin Eric | Director | — | 2004-06-30 |
| ROBERTS, James Denon | Director | 2002-07-01 | 2007-06-07 |
| SCOTT, Charles James | Director | 2010-07-01 | 2026-01-01 |
| SHUTT, Geoffrey William | Director | 1998-07-11 | 2007-06-07 |
| SMITH, Christopher John | Director | 1994-07-01 | 2010-05-31 |
| TAYLOR, Nicholas John | Director | 1994-07-01 | 2025-04-01 |
| TELLING, Karen | Director | 2012-07-01 | 2020-12-17 |
| THOMSON, Andrew Gordon | Director | — | 1997-11-20 |
| TOWERS, John | Director | 1998-07-01 | 2018-12-31 |
| WAITING, John Francis Graham | Director | 1994-07-01 | 2003-02-19 |
| WHITE, Bryan John | Director | — | 1991-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Waterman Group Plc | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-07-03 | Active |
Filing timeline
Last 20 of 176 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-08-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-07-14 | AA | accounts | Accounts with accounts type full | |
| 2026-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2025-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-05 | AA | accounts | Accounts with accounts type full | |
| 2024-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-09 | AA | accounts | Accounts with accounts type full | |
| 2023-05-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-28 | AA | accounts | Accounts with accounts type full | |
| 2022-08-31 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-26 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 3
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.