FIRST WATER LIMITED
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Cash
—
Latest balance sheet
Net assets
-£10m
-11,362.6% vs 2024
Employees
0
Average over period
Profit before tax
-£12m
-156.1% lowest in 6 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-03-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £0 | £83,000 | £0 | -100% | |
| Operating profit | £26,000 | -£39,000 | -£5,929,000 | -£55,000 | £27,414,000 | -£26,237,000 | -195.7% | |
| Profit before tax | -£1,026,000 | -£686,000 | -£7,238,000 | -£883,000 | £21,304,000 | -£11,947,000 | -156.1% | |
| Net profit | -£849,000 | -£265,000 | -£6,705,000 | -£1,255,000 | £22,634,000 | -£11,070,000 | -148.9% | |
| Cash | — | — | £766,000 | £179,000 | £0 | — | — | |
| Total assets less current liabilities | £52,933,000 | £47,927,000 | £35,312,000 | £30,685,000 | £45,187,000 | £59,165,000 | +30.9% | |
| Net assets | -£23,525,000 | -£23,790,000 | -£30,495,000 | -£31,750,000 | -£91,000 | -£10,431,000 | -11,362.6% | |
| Equity | -£23,525,000 | -£23,790,000 | -£30,495,000 | -£31,750,000 | -£91,000 | -£10,431,000 | -11,362.6% | |
| Average employees | 0 | 0 | 0 | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | — | — | — | |
| 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 | 2021-03-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Return on capital employed | 0.0% | -0.1% | -16.8% | -0.2% | 60.7% | -44.3% | |
| Gearing (liabilities / total assets) | — | 135.0% | 147.7% | 150.1% | 100.1% | 117.6% | |
| Current ratio | — | — | — | 0.13x | 0.07x | — | |
| Interest cover | 0.02x | -0.06x | -4.53x | -0.02x | 6.98x | -7.47x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- FIRST WATER LIMITED 2002-06-26 → present
- OVAL (1727) LIMITED 2002-04-19 → 2002-06-26
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Hurst Accountants Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Management have confirmed that the group will provide appropriate support, both through non-recall of intercompany debt, and cash provided by the trading subsidiaries where necessary, such that the Company will be able to continue to meet its debt repayments as they fall due.”
Group structure
- FIRST WATER LIMITED · parent
- Crawford Manufacturing Limited 100%
- Systagenix Wound Management Manufacturing Limited 100%
- Scapa Denver (North) Limited 100%
- Scapa Healthcare Limited 100%
- HiMedica Limited 100%
Significant events
- “The Company recognized an impairment charge of £27,493k against its investment in Systagenix Wound Management Manufacturing Limited.”
- “During the year, the Company recognized additional contingent consideration of £1,255k relating to the prior disposal of its investment in Edixomed Limited in 2023.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JOHNSON, Mark Weston | Secretary | 2024-11-20 | — | — |
| DICKINSON, Wendy | Director | 2016-12-01 | Jun 1967 | British |
| JOHNSON, Mark Weston | Director | 2024-03-11 | Sep 1976 | American |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Wendy | Secretary | 2018-07-01 | 2021-04-26 |
| BARNES, Justin David Christian | Secretary | 2002-05-13 | 2015-02-27 |
| JACKSON, Travis Ryan | Secretary | 2024-01-18 | 2024-11-20 |
| SMITH, Rebecca Louise | Secretary | 2015-02-27 | 2016-11-03 |
| SURBEY, David Ronald | Secretary | 2021-04-26 | 2023-11-30 |
| OVALSEC LIMITED | Corporate Nominee Secretary | 2002-04-19 | 2002-05-13 |
| ANDREWS, Clifford John | Director | 2002-05-13 | 2015-02-27 |
| ANDREWS, Fiona Louise | Director | 2010-10-05 | 2015-02-27 |
| ANDREWS, Kathleen Margaret | Director | 2010-09-13 | 2015-02-27 |
| ANDREWS, Kathleen Margaret | Director | 2002-05-13 | 2005-02-28 |
| ANDREWS, Philip James | Director | 2002-05-13 | 2015-02-27 |
| BARNES, Helen Georgina | Director | 2002-05-13 | 2015-02-27 |
| BARNES, Justin David Christian | Director | 2002-05-13 | 2015-02-27 |
| BONTE, Lionel | Director | 2023-01-18 | 2024-04-24 |
| CARTER, Christopher Mark | Director | 2015-02-27 | 2018-07-12 |
| CULLEN, David Timothy | Director | 2021-04-15 | 2022-03-31 |
| EDWARDS, Paul | Director | 2015-02-27 | 2016-04-30 |
| FOWLER, Matthew John | Director | 2015-02-27 | 2016-12-12 |
| HARDCASTLE, Graham Stuart | Director | 2016-04-01 | 2018-10-01 |
| PETREANU, John | Director | 2022-03-31 | 2023-01-18 |
| ZAHN, Oskar | Director | 2018-10-01 | 2021-04-15 |
| OVAL NOMINEES LIMITED | Corporate Nominee Director | 2002-04-19 | 2002-05-13 |
| OVALSEC LIMITED | Corporate Nominee Director | 2002-04-19 | 2002-05-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Scapa Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 162 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-02 RESOLUTIONS Resolution
- 2024-12-27 RESOLUTIONS Resolution
- 2023-01-25 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-04-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-02 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-23 | SH01 | capital | Capital allotment shares | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-04-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-01-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-27 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-19 | SH01 | capital | Capital allotment shares | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-04-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-26 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-26 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-12 | CH01 | officers | Change person director company with change date | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-25 | CC04 | change-of-constitution | Statement of companys objects |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.