PROTEUS WATERPROOFING LIMITED
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Cash
£2.5M
-0.4% vs 2024
Net assets
£2M
-46.2% first positive since 2019
Employees
40
0% vs 2024
Profit before tax
£1.3M
-9.2% vs 2024
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-04-30
| Metric | Trend | 2019-10-31 | 2022-04-30 | 2024-04-30 | 2025-04-30 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £12,920,861 | £12,994,937 | +0.6% | |
| Operating profit | — | — | £1,466,141 | £1,432,533 | -2.3% | |
| Profit before tax | — | — | £1,416,435 | £1,285,981 | -9.2% | |
| Net profit | — | — | £1,004,714 | £922,039 | -8.2% | |
| Cash | £78 | £1,593,646 | £2,544,014 | £2,535,000 | -0.4% | |
| Total assets less current liabilities | -£652 | £3,104,217 | £4,078,099 | £3,777,944 | -7.4% | |
| Net assets | — | £2,803,066 | £3,777,003 | £2,033,491 | -46.2% | |
| Equity | -£652 | £2,803,066 | £3,777,003 | £2,033,491 | -46.2% | |
| Average employees | 0 | 28 | 40 | 40 | 0% | |
| Wages | — | — | £2,065,323 | £2,253,973 | +9.1% | |
| Directors' remuneration | — | — | £220,310 | £181,685 | -17.5% |
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 | 2019-10-31 | 2022-04-30 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|---|
| Operating margin | — | — | 11.3% | 11.0% | |
| Net margin | — | — | 7.8% | 7.1% | |
| Return on capital employed | — | — | 36.0% | 37.9% | |
| Gearing (liabilities / total assets) | — | — | 40.9% | 65.2% | |
| Current ratio | — | — | 2.05x | 2.05x | |
| Interest cover | — | — | 42.18x | 9.55x |
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
- Venthams Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 group and parent company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”
Group structure
- PROTEUS WATERPROOFING LIMITED · parent
- Proteus Industrial Technologies Limited 100%
Significant events
- “In June 2024, a gift of £3,173,510 was made to the Employee Ownership Trust. The directors subsequently loaned back £2,520,000 to the company, which is being repaid to the directors in equal instalments over a term of seven years.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAILEY, Jordan Daniel | Director | 2013-03-22 | Sep 1973 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PITMAN, Justin Miles | Director | 2013-07-01 | 2013-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Proteus Trustee Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-06-14 | Active |
| Mr Jordan Daniel Bailey | Individual | Significant influence | 2016-04-06 | Ceased 2024-06-14 |
| Mr Justin Miles Pitman | Individual | Significant influence | 2016-04-06 | Ceased 2024-06-14 |
Filing timeline
Last 20 of 58 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-07-01 RESOLUTIONS Resolution
- 2024-07-01 MA Memorandum articles
- 2024-06-10 RESOLUTIONS Resolution
- 2024-06-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-05 | AAMD | accounts | Accounts amended with accounts type group | |
| 2026-01-30 | AA | accounts | Accounts with accounts type group | |
| 2025-08-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-10 | AA | accounts | Accounts with accounts type group | |
| 2024-09-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-01 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-01 | MA | incorporation | Memorandum articles | |
| 2024-06-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-06-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-06-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-24 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-06-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-10 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-06-10 | SH08 | capital | Capital name of class of shares | |
| 2024-06-10 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-07 | SH20 | capital | Legacy | |
| 2024-06-07 | CAP-SS | insolvency | Legacy | |
| 2024-06-07 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-23 | AA | accounts | Accounts with accounts type total exemption 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.