STONEWATER DEVELOPMENTS LIMITED
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Cash
£1.2m
-21.1% vs 2025
Net assets
-£1m
+5.1% vs 2025
Employees
0
Average over period
Profit before tax
£54k
+105.1% first positive since 2025
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.
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials 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 | £156,030,000 | £123,400,000 | £126,971,000 | +2.9% | |
| Operating profit | £3,029,000 | £2,095,000 | £2,326,000 | +11% | |
| Profit before tax | £943,000 | -£1,061,000 | £54,000 | +105.1% | |
| Net profit | £943,000 | -£1,061,000 | £54,000 | +105.1% | |
| Cash | £100,000 | £1,531,000 | £1,208,000 | -21.1% | |
| Total assets less current liabilities | £46,060,000 | £27,683,000 | £26,437,000 | -4.5% | |
| Net assets | £160,000 | -£1,067,000 | -£1,013,000 | +5.1% | |
| Equity | £160,000 | -£1,067,000 | -£1,013,000 | +5.1% | |
| Average employees | — | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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 | 1.9% | 1.7% | 1.8% | |
| Net margin | 0.6% | -0.9% | 0.0% | |
| Return on capital employed | 6.6% | 7.6% | 8.8% | |
| Gearing (liabilities / total assets) | 99.7% | 102.3% | 102.5% | |
| Current ratio | 3.71x | 2.45x | 2.89x | |
| Interest cover | 1.30x | 0.62x | 0.84x |
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
- Menzies LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing consolidated budget for the next 12 months... the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.”
Significant events
- “On 31 March 2026 Stonewater entered into a joint venture with M7 Planning Limited, for a land promotion agreement, owning 50% of M7 SW LLP.”
- “In February 2023 Stonewater entered into a joint venture with Thakeham with a contribution of £1 to the capital of the LLP resulting in owning 50% of Thakeham Newick LLP. 39 homes have been delivered... all open market units... have been sold and senior and junior loans have been repaid.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SHEIKH, Syka | Secretary | 2026-07-01 | — | — |
| LAYZELL, Jonathan James | Director | 2026-04-30 | Jan 1979 | British |
| MICHIE, Angus James | Director | 2020-07-01 | Sep 1966 | British |
| RIPLEY, David John | Director | 2026-04-30 | Sep 1981 | British |
| SHAH, Hursh | Director | 2022-10-01 | Oct 1976 | Indian |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANGUS, Natalie | Secretary | 2025-08-18 | 2026-03-13 |
| HARLING, Anne Louise | Secretary | 2018-07-24 | 2025-08-18 |
| MCGHIN, Adam | Secretary | 2026-03-16 | 2026-06-30 |
| BRUTON, John Philip | Director | 2018-06-13 | 2022-01-03 |
| COSTAIN, Beverley Anne | Director | 2021-10-01 | 2026-05-31 |
| KAZI, Tariq | Director | 2018-06-13 | 2022-10-01 |
| WRIGHT, Douglas Ernest Cadman | Director | 2018-06-13 | 2021-09-30 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 62 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-01 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-08-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-07-10 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-06-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-19 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-19 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-20 | AA | accounts | Accounts with accounts type full | |
| 2025-08-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-08-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-01 | MA | incorporation | Memorandum articles | |
| 2025-04-23 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 3
- 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.