WALKI LIMITED
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Cash
£2
0% vs 2023
Net assets
£1m
+10.3% vs 2023
Employees
35
-32.7% lowest in 5 filed years
Profit before tax
£127k
+124.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The financial statements have been prepared on a basis other than a going concern. All liabilities existing at the balance sheet date have been recognised. All assets have been stated at their estimated net realisable value
-
Going-concern uncertainty disclosed
Net assets
5-year trend · vs Basic Materials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
Latest accounts filed cover 2025-12-31; financial figures currently reflect up to 2024-12-31.
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £14,690,549 | £12,945,904 | -11.9% | |
| Operating profit | — | — | — | -£470,979 | £22,005 | +104.7% | |
| Profit before tax | — | — | — | -£512,250 | £127,375 | +124.9% | |
| Net profit | — | — | — | -£387,561 | £97,617 | +125.2% | |
| Cash | £1,475,058 | £2 | £961,521 | £2 | £2 | 0% | |
| Total assets less current liabilities | £2,194,986 | £1,913,066 | £4,898,357 | £2,134,688 | £2,215,225 | +3.8% | |
| Net assets | £1,109,345 | £831,159 | £3,583,265 | £945,704 | £1,043,321 | +10.3% | |
| Equity | £1,109,345 | £831,159 | £3,583,265 | £945,704 | £1,043,321 | +10.3% | |
| Average employees | 39 | 41 | 47 | 52 | 35 | -32.7% | |
| Wages | — | — | — | £1,804,449 | £1,290,301 | -28.5% | |
| 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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -3.2% | 0.2% | |
| Net margin | — | — | — | -2.6% | 0.8% | |
| Return on capital employed | — | — | — | -22.1% | 1.0% | |
| Gearing (liabilities / total assets) | 80.0% | 80.2% | 59.7% | 86.3% | 87.9% | |
| Current ratio | — | — | — | 1.21x | 1.25x | |
| Interest cover | — | — | — | -3.91x | 0.11x |
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 2 times since incorporation
- WALKI LIMITED 2007-06-12 → present
- WALKI WISA LIMITED 1996-07-01 → 2007-06-12
- WALKI CONVERTERS LIMITED 1926-09-30 → 1996-07-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The financial statements have been prepared on a basis other than a going concern. All liabilities existing at the balance sheet date have been recognised. All assets have been stated at their estimated net realisable value”
Significant events
- “The company ceased trading in May 2026. The director expects the company to be placed into members' voluntary liquidation as part of the wind-down process.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRETT, Andrew | Secretary | 2017-06-08 | — | — |
| SALMINEN, Kari Johannes | Director | 2026-07-31 | Sep 1977 | Finnish |
| THISSEN, Wolfgang | Director | 2005-07-01 | Feb 1965 | German |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CAPSTICK, Paivikki Maria | Secretary | 2014-08-01 | 2016-12-01 |
| GRUNDY, Jeremy Simon | Secretary | — | 2010-12-09 |
| HOGBEN, Graham Richard | Secretary | 2011-01-01 | 2014-08-01 |
| PIEARCE, Dominic Trevor | Secretary | 2016-12-01 | 2017-06-08 |
| BACK, Harry Mikael | Director | — | 2005-06-30 |
| BECKER, Jean-Marie Henri | Director | 2014-07-28 | 2021-02-01 |
| GROSSMANN, Frank | Director | 2012-06-26 | 2014-07-18 |
| HOGBEN, Graham Richard | Director | 2006-07-01 | 2017-06-08 |
| INGHAM, David Frank | Director | 2002-07-01 | 2012-09-01 |
| KARHUKETO, Hannu | Director | 2002-07-01 | 2005-06-30 |
| LUMME, Ilkka Tapani | Director | — | 2004-10-01 |
| MURPHY, Desmond | Director | 2017-06-08 | 2021-02-01 |
| PIHLAJA, Tapani | Director | — | 1992-05-25 |
| RINKINEN, Ari Juhani | Director | 2004-10-01 | 2005-06-30 |
| VIRTANEN, Seppo Olavi | Director | 1992-05-25 | 2002-06-30 |
| WOLFRAM, Nikolaus | Director | 2021-02-01 | 2025-03-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Oji Holdings Corporation | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-04-11 | Active |
| Danske Bank A/S | Corporate entity | Significant influence | 2016-06-16 | Ceased 2016-06-16 |
| Walki Group Oy | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 169 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2025-09-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-27 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-03-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-04-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-25 | AA | accounts | Accounts with accounts type small | |
| 2023-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-26 | AA | accounts | Accounts with accounts type small | |
| 2022-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-28 | AA | accounts | Accounts with accounts type small | |
| 2021-07-07 | DISS40 | gazette | Gazette filings brought up to date | |
| 2021-07-06 | GAZ1 | gazette | Gazette notice compulsory |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- 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.