PORTSMOUTH WATER LIMITED
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Cash
£25m
-60.2% lowest in 3 filed years
Net assets
£105m
0% vs 2025
Employees
454
+4.1% highest in 3 filed years
Profit before tax
£29m
-36.1% first positive since 2024
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £47,919,000 | £162,118,000 | £165,100,000 | +1.8% | |
| Operating profit | £8,163,000 | £48,077,000 | £38,442,000 | -20% | |
| Profit before tax | -£4,348,000 | £46,077,000 | £29,421,000 | -36.1% | |
| Net profit | -£3,430,000 | £35,119,000 | £22,357,000 | -36.3% | |
| Cash | £25,959,000 | £62,770,000 | £25,000,000 | -60.2% | |
| Total assets less current liabilities | £368,022,000 | £498,827,000 | £463,221,000 | -7.1% | |
| Net assets | £105,708,000 | £104,500,000 | £104,500,000 | 0% | |
| Equity | £105,708,000 | £104,500,000 | £104,500,000 | 0% | |
| Average employees | 298 | 436 | 454 | +4.1% | |
| Wages | £12,942,000 | £19,591,000 | £21,594,000 | +10.2% | |
| Directors' remuneration | £605,000 | £862,000 | £796,000 | -7.7% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 17.0% | 29.7% | 23.3% | |
| Net margin | -7.2% | 21.7% | 13.5% | |
| Return on capital employed | 2.2% | 9.6% | 8.3% | |
| Gearing (liabilities / total assets) | 74.7% | 80.1% | 78.5% | |
| Current ratio | 2.76x | 3.65x | 2.30x | |
| Interest cover | 0.44x | 5.41x | 3.94x |
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
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors confirm that they have a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future. They have prepared the Annual Performance Report and Accounts on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HEWSON, Hayley Elizabeth | Secretary | 2025-09-26 | — | — |
| DARCY, Sharon Helen | Director | 2023-10-16 | May 1967 | British |
| DEACON, Christopher | Director | 2020-05-01 | Dec 1947 | British |
| LOUGHLIN, Christopher | Director | 2021-04-01 | Aug 1952 | British |
| MILNER, John Christopher | Director | 2021-10-01 | Jun 1976 | British |
| STOIMENOVA, Lara Dimitrova, Dr | Director | 2022-01-17 | Apr 1972 | British |
| TAYLOR, Colin Robert | Director | 2018-11-01 | Jun 1961 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BATTY, John Francis | Secretary | — | 1992-10-15 |
| HALFORD, Susan Grace | Secretary | 1992-10-15 | 2003-05-31 |
| HARDYMAN, Christopher Neil | Secretary | 2008-04-01 | 2025-09-25 |
| SMITH, Neville | Secretary | 2003-06-26 | 2008-03-31 |
| BAILEY, Frederick Arthur | Director | — | 1999-11-18 |
| BATTY, John Francis | Director | — | 2002-12-31 |
| BENJAMIN, Heather Virginia | Director | 2012-11-01 | 2019-03-31 |
| CHILDS, Philip David | Director | — | 1992-01-23 |
| COFFIN, Michael Robert | Director | 2019-01-02 | 2021-12-31 |
| COGLEY, John Edward | Director | 1997-06-01 | 2009-08-31 |
| COPP, Martin Cecil, Dr | Director | 1992-10-01 | 2001-12-07 |
| GLANVILLE, John Foster | Director | — | 1993-12-16 |
| GUYMER, Eric Norman Lawrence | Director | — | 1992-03-01 |
| JACKSON, Timothy | Director | 1994-10-01 | 1997-05-30 |
| JOHNSON, Martin | Director | 2014-07-01 | 2020-06-30 |
| KING, John David | Director | — | 2001-12-07 |
| KIRK, Mike | Director | 2012-11-01 | 2020-06-11 |
| LAZENBY, Terence Michael | Director | 2002-06-01 | 2014-09-30 |
| NEVE, Andrew Richard | Director | 1997-06-01 | 2012-05-01 |
| ORTON, Helen Mary Grace | Director | 2015-10-12 | 2021-09-30 |
| OWENS, David William | Director | 2018-03-16 | 2021-03-05 |
| PORTEOUS, Roderic Colquhoun | Director | 2012-05-01 | 2018-11-01 |
| PRINGLE, Hugh James Young | Director | — | 2001-12-07 |
| ROADNIGHT, Nicholas John | Director | 1994-10-01 | 2011-12-16 |
| SHEERAN, Nick John | Director | 2011-12-05 | 2015-01-01 |
| SLATER, George | Director | — | 1997-07-24 |
| SMITH, Neville | Director | 1998-02-01 | 2018-12-31 |
| SULLIVAN, Robert Leonard | Director | 2002-06-01 | 2012-11-01 |
| TENNANT, Raymond John | Director | 2002-06-01 | 2012-11-01 |
| WILSON, Angela | Director | 2020-07-01 | 2023-10-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Christopher Loughlin | Individual | Significant influence | 2021-04-01 | Active |
| Mr David William Owens | Individual | Significant influence (as firm) | 2018-03-16 | Ceased 2021-03-05 |
| Ancala Fornia Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-03-16 | Ceased 2018-03-16 |
| Mr Stuart Robert Lindsay | Individual | Significant influence (as trust) | 2016-04-06 | Ceased 2018-03-16 |
| Mr Neville Smith | Individual | Significant influence (as trust) | 2016-04-06 | Ceased 2018-03-16 |
| Mr David James Ellis | Individual | Significant influence (as trust) | 2016-04-06 | Ceased 2018-03-16 |
| Mr Paul Treagust | Individual | Significant influence (as trust) | 2016-04-06 | Ceased 2018-03-16 |
| Mr Mark Shepherd | Individual | Significant influence (as trust) | 2016-04-06 | Ceased 2018-03-16 |
| Portsmouth Water Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 185 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-30 RESOLUTIONS Resolution
- 2025-10-30 MA Memorandum articles
- 2023-08-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-25 | AA | accounts | Accounts with accounts type full | |
| 2026-07-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-30 | MA | incorporation | Memorandum articles | |
| 2025-10-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-07-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-19 | AA | accounts | Accounts with accounts type full | |
| 2024-07-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-02 | RESOLUTIONS | resolution | Resolution | |
| 2023-07-24 | SH01 | capital | Capital allotment shares | |
| 2023-07-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-19 | AA | accounts | Accounts with accounts type full | |
| 2023-03-29 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.