WATERS LIMITED
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Cash
£24M
+19.2% highest in 3 filed years
Net assets
£21M
+22.4% highest in 3 filed years
Employees
198
+4.8% highest in 3 filed years
Profit before tax
£5.4M
-1.5% lowest in 3 filed years
Net assets
3-year trend · vs Technology 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 | £93,296,000 | £87,193,000 | £91,944,000 | +5.4% | |
| Operating profit | £7,547,000 | £5,426,000 | £4,146,000 | -23.6% | |
| Profit before tax | £7,567,000 | £5,464,000 | £5,383,000 | -1.5% | |
| Net profit | £5,753,000 | £4,501,000 | £3,836,000 | -14.8% | |
| Cash | £12,883,000 | £20,479,000 | £24,418,000 | +19.2% | |
| Total assets less current liabilities | £12,655,000 | £17,156,000 | £20,992,000 | +22.4% | |
| Net assets | £12,655,000 | £17,156,000 | £20,992,000 | +22.4% | |
| Equity | £12,655,000 | £17,156,000 | £20,992,000 | +22.4% | |
| Average employees | 187 | 189 | 198 | +4.8% | |
| Wages | £12,795,000 | £13,711,000 | £15,847,000 | +15.6% | |
| Directors' remuneration | £178,000 | £170,000 | £235,000 | +38.2% |
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 | 8.1% | 6.2% | 4.5% | |
| Net margin | 6.2% | 5.2% | 4.2% | |
| Return on capital employed | 59.6% | 31.6% | 19.8% | |
| Gearing (liabilities / total assets) | 74.4% | 69.5% | 68.1% | |
| Current ratio | 1.31x | 1.42x | 1.46x |
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 1 time since incorporation
- WATERS LIMITED 1994-06-28 → present
- 3009TH SINGLE MEMBER SHELF TRADING COMPANY LIMITED 1994-03-24 → 1994-06-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 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.”
Significant events
- “A dividend of £7,000k was declared on 20/04/2026 following the balance sheet date.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOUBARAK, Serge | Director | 2024-10-22 | Feb 1981 | French |
| O'MAHONY, Columbanus Patrick | Director | 2018-04-06 | Feb 1964 | Irish |
| RUDLAND, Scott Edward | Director | 2023-01-10 | Jun 1973 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SUMMERLEY, Timothy Fitzgerald | Secretary | 1997-06-09 | 1998-07-10 |
| INTERTRUST (UK) LIMITED | Corporate Secretary | 2014-05-15 | 2018-07-18 |
| INTERTRUST HOLDINGS (UK) LIMITED | Corporate Secretary | 2008-06-09 | 2014-05-15 |
| SISEC LIMITED | Corporate Secretary | 1998-07-10 | 2007-06-15 |
| SISEC LIMITED | Corporate Nominee Secretary | 1994-03-24 | 1997-09-15 |
| WHALE ROCK SECRETARIES LIMITED | Corporate Secretary | 2007-07-02 | 2008-06-09 |
| AYACHE, Andre Jules | Director | 2001-01-01 | 2018-03-02 |
| BEAUDOUIN, Mark Tyrell | Director | 2014-06-09 | 2018-04-06 |
| FAIRLEY, Henry Donald | Director | 1994-07-22 | 2000-12-31 |
| HALLAM, James | Director | 2013-02-01 | 2023-01-10 |
| HARRINGTON, Michael Cornelius | Director | 2018-04-06 | 2021-05-21 |
| HARRINGTON, Michael Cornelius | Director | 2006-07-11 | 2013-01-31 |
| MURPHY, Gary Joseph | Director | 2018-04-06 | 2020-02-14 |
| ORNELL, John Alden | Director | 2001-07-02 | 2014-06-09 |
| PAYNE, Richard Henry | Director | 1994-07-22 | 2006-06-20 |
| PRATT, Jonathan Mark | Director | 2021-05-21 | 2023-10-27 |
| SCHOON, Andrew Aitchison | Director | 2024-05-20 | 2024-10-22 |
| TAYMOR, Phillip Stephen | Director | 1994-07-22 | 2001-07-02 |
| TURNER, Christina Charlotte Lindved | Director | 2020-02-14 | 2022-12-30 |
| LOVITING LIMITED | Corporate Nominee Director | 1994-03-24 | 1994-07-22 |
| SERJEANTS' INN NOMINEES LIMITED | Corporate Nominee Director | 1994-03-24 | 1994-07-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Micromass Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 152 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-24 | AA | accounts | Accounts with accounts type full | |
| 2026-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-09 | AA | accounts | Accounts with accounts type full | |
| 2024-06-19 | CH01 | officers | Change person director company with change date | |
| 2024-05-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-30 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-08-25 | CH01 | officers | Change person director company with change date | |
| 2022-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-25 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.