BSW TIMBER LIMITED
Operating as part of the BSW Group under the ownership of European timber processor Binderholz, the company operates multiple sawmills across the UK and Latvia to manufacture sawn timber products for the construction, fencing, and landscaping sectors.
Get an alert when BSW TIMBER LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£71k
-89.6% lowest in 3 filed years
Net assets
£283m
+8.5% vs 2024
Employees
72
-4% lowest in 3 filed years
Profit before tax
£26m
-60.8% vs 2024
Net assets
3-year trend · vs Basic Materials 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 | £747,932,000 | £706,027,000 | — | — | |
| Operating profit | £23,898,000 | -£582,000 | £213,000 | +136.6% | |
| Profit before tax | £9,442,000 | £66,095,000 | £25,929,000 | -60.8% | |
| Net profit | £1,076,000 | £69,049,000 | £27,243,000 | -60.5% | |
| Cash | £54,166,000 | £680,000 | £71,000 | -89.6% | |
| Total assets less current liabilities | £475,485,000 | £362,523,000 | £372,518,000 | +2.8% | |
| Net assets | £287,106,000 | £260,988,000 | £283,291,000 | +8.5% | |
| Equity | £287,106,000 | £260,988,000 | £283,291,000 | +8.5% | |
| Average employees | 2,978 | 75 | 72 | -4% | |
| Wages | £102,597,000 | £3,907,000 | £3,549,000 | -9.2% | |
| Directors' remuneration | £936,000 | £551,000 | £230,000 | -58.3% | |
| Directors' pension contributions | £18,000 | £22,000 | £57,000 | +159.1% | |
| Highest paid director | £588,000 | £307,000 | £230,000 | -25.1% |
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 | 3.2% | -0.1% | — | |
| Net margin | 0.1% | 9.8% | — | |
| Return on capital employed | 5.0% | -0.2% | 0.1% | |
| Gearing (liabilities / total assets) | 56.7% | 31.3% | 30.4% | |
| Current ratio | 1.43x | 1.70x | 0.71x | |
| Interest cover | 1.42x | -0.05x | 0.03x |
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 3 times since incorporation
- BSW TIMBER LIMITED 2008-11-26 → present
- BSW TIMBER PLC 1988-03-31 → 2008-11-26
- LOWDON LIMITED 1988-03-23 → 1988-03-31
- UNIQUEPAST LIMITED 1988-01-26 → 1988-03-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are satisfied that the use of the going concern basis in the financial statements is appropriate.”
Group structure
- BSW TIMBER LIMITED · parent
- BSW Sawmills Ltd 100%
- BSW Latvia Sia 100%
- Tilhill Forestry Ltd 100%
- BSW Timber Solutions Ltd 100%
- Scott Timber Ltd 100%
- Pallet Loop Ltd 100%
- Palesu Kompanija 100%
- Scott Group Investments Ltd 100%
- Pallet 2 Packaging Ltd 100%
- Bayram Timber Ltd 100%
- BSW Energy Ltd 100%
- DB Holdco Ltd 100%
- Dick Brothers Forestry Ltd 100%
- Maelor Forest Nurseries Holdings Ltd 100%
- Maelor Forest Nurseries Ltd 100%
- Forest Seed Orchard Ltd 100%
- Maelor Scotland Forest Nurseries Ltd 100%
- Scott ELM Ltd 51%
- Scott Packaging Ltd 100%
- Combine Pallet Co. Ltd 100%
- Hambrook Pallets Ltd 100%
- HLC (Wood Products) Ltd 100%
- Marlaw Pallet Services Ltd 100%
- SGIL GH Ltd 100%
- SGIL HS Holdings Ltd 100%
- SGIL HS Ltd 100%
- Whirlowdale Trading Co Ltd 100%
- Williams Pallet Services Ltd 100%
Significant events
- “On 19 December 2025, the Company acquired the assets and liabilities of fellow Binderholz UK Group Limited Group company, Scott Group Investments Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BINDER, Reinhard | Director | 2022-01-05 | Sep 1954 | Austrian |
| DÜNSER, Gebhard | Director | 2022-01-05 | Dec 1964 | Austrian |
| MILNE, Alan Graham | Director | 2018-04-01 | Nov 1982 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRIFFITHS, David Roger | Secretary | 1993-08-31 | 2008-12-04 |
| JONES, Howard Jeremy | Secretary | 2008-12-04 | 2018-05-27 |
| MILNE, Alan Graham | Secretary | 2018-05-27 | 2024-02-21 |
| SANDERSON, Archibald Henderson | Secretary | — | 1993-08-31 |
| BALFOUR, David James | Director | 1997-01-24 | 2001-05-31 |
| BARHAM, Paul Anthony | Director | 2002-03-27 | 2008-10-31 |
| BROWNLIE, Ada Mary Maude | Director | 2017-01-14 | 2020-02-18 |
| BROWNLIE, Alexander George | Director | 2006-01-01 | 2018-12-11 |
| BROWNLIE, Alexander John | Director | — | 2018-03-16 |
| BROWNLIE, John Mckittrick | Director | — | 2019-03-01 |
| BROWNLIE, Sarah Evelyn | Director | 2018-04-16 | 2020-02-18 |
| BURD, Christopher John Skidmore | Director | — | 1995-06-01 |
| GALE, Martin Frank | Director | 1998-01-30 | 2020-02-18 |
| GRIFFITHS, David Roger | Director | — | 2008-12-04 |
| HACKNEY, Anthony Malcolm | Director | 2008-11-01 | 2024-03-31 |
| HAMMOND, John Harris | Director | 2000-07-11 | 2020-02-18 |
| HAYES, Michael Hugh | Director | 1995-04-03 | 1997-11-03 |
| JONES, Howard Jeremy | Director | 2008-12-04 | 2018-04-01 |
| LYDEN, John Kevin | Director | — | 1998-01-30 |
| MACLEAN, Robert William | Director | 2023-08-10 | 2024-02-14 |
| MARSH, Paul Charles | Director | 1994-11-01 | 1999-03-31 |
| MCGILL, Lewis Sinclair | Director | 1991-08-08 | 2002-03-27 |
| MCROBBIE, George Murray | Director | 2017-10-25 | 2020-09-08 |
| MENNINGA, Anita | Director | 2000-05-12 | 2006-06-09 |
| OXNARD, Michael Douglas | Director | — | 1996-09-13 |
| SANDERSON, Archibald Henderson | Director | — | 1993-08-31 |
| SMITH, Andrew Hamish | Director | 2002-01-03 | 2012-06-29 |
| SMITH, Thomas Neil Mckellar | Director | 2002-01-03 | 2003-09-30 |
| VAN REENEN, Gijs | Director | — | 2000-10-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| West Moorland 100 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-02-18 | Active |
Filing timeline
Last 20 of 249 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-12-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-19 | AA | accounts | Accounts with accounts type full | |
| 2026-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-27 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-12-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-08-05 | CH01 | officers | Change person director company with change date | |
| 2025-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-05 | AA | accounts | Accounts with accounts type group | |
| 2024-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-13 | AA | accounts | Accounts with accounts type group | |
| 2023-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-22 | RESOLUTIONS | resolution | Resolution | |
| 2022-12-13 | SH01 | capital | Capital allotment shares | |
| 2022-09-16 | AA | accounts | Accounts with accounts type group | |
| 2022-03-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-03-24 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.