HERIOT-WATT TRADING LIMITED
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Cash
£4.7M
-11.5% vs 2024
Net assets
£3.9M
-13.7% vs 2024
Employees
0
Average over period
Profit before tax
-£171K
-156.4% vs 2024
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-07-31
| Metric | Trend | 2024-07-31 | 2025-07-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £1,966,000 | £2,946,000 | +49.8% | |
| Operating profit | £273,000 | -£216,000 | -179.1% | |
| Profit before tax | £303,000 | -£171,000 | -156.4% | |
| Net profit | £303,000 | -£171,000 | -156.4% | |
| Cash | £5,284,000 | £4,676,000 | -11.5% | |
| Total assets less current liabilities | £4,542,000 | £3,918,000 | -13.7% | |
| Net assets | £4,542,000 | £3,918,000 | -13.7% | |
| Equity | £4,542,000 | £3,918,000 | -13.7% | |
| Average employees | 0 | 0 | — | |
| Wages | £1,295,000 | £2,011,000 | +55.3% | |
| 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 | 2024-07-31 | 2025-07-31 |
|---|---|---|---|
| Operating margin | 13.9% | -7.3% | |
| Net margin | 15.4% | -5.8% | |
| Return on capital employed | 6.0% | -5.5% | |
| Gearing (liabilities / total assets) | 29.3% | 28.7% | |
| Current ratio | 3.36x | 3.49x |
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 1 time since incorporation
- HERIOT-WATT TRADING LIMITED 1991-08-21 → present
- DUNWILCO (261) LIMITED 1991-07-16 → 1991-08-21
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 company's ability to continue as a going concern for a period of 16 months to 31 July 2027.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWN, Derek Gardiner | Secretary | 1995-02-26 | — | British |
| COLLIER, Susan Margaret | Director | 2012-08-31 | Nov 1963 | British |
| MOIR, Ruth Jennifer | Director | 2021-02-08 | Nov 1963 | British |
| PRINGLE, Martin John | Director | 2024-06-24 | Nov 1969 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LAING, Ian James | Secretary | 1991-08-15 | 1996-01-31 |
| D.W. COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 1991-07-16 | 1991-08-15 |
| BROWN, Charles Malcolm, Professor | Director | 1996-02-26 | 2002-05-08 |
| COUTTS, Maureen Sheila | Nominee Director | 1991-07-16 | 1991-08-15 |
| CUMMING, Donald Ian | Director | 1991-08-15 | 1991-08-15 |
| DALTON, Ann Marie | Director | 2011-05-09 | 2020-06-30 |
| FRASER, Robert Milliken | Director | 2003-05-26 | 2004-07-14 |
| GIBSON, Gavin, Professor | Director | 2007-09-18 | 2010-05-12 |
| GREIG, Christopher George, Dr | Director | 1996-02-26 | 2003-07-31 |
| HALL, Denis Roderick, Professor | Director | 2003-05-26 | 2007-08-30 |
| HARDIE, David | Nominee Director | 1991-07-16 | 1991-08-15 |
| JEFFERSON, Andrew Gordon | Director | 2020-03-31 | 2023-07-03 |
| MCNAULL, Philip Gerard | Director | 2005-02-28 | 2012-08-31 |
| MENZIES, Andrew Mchardy | Director | 2015-03-02 | 2020-03-31 |
| PATERSON, Stephen Liston Lindsay | Director | 1996-02-26 | 2001-12-11 |
| PEGGIE, Robert Galloway Emslie | Director | 1996-02-26 | 1997-11-27 |
| SMALL, John Rankin, Professor | Director | 1991-08-15 | 1998-11-30 |
| WILSON, Peter Liddell, Dr | Director | 1991-08-15 | 2011-05-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Heriot-Watt University | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 114 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | AA | accounts | Accounts with accounts type full | |
| 2025-08-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-01 | AA | accounts | Accounts with accounts type full | |
| 2024-07-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-08 | AA | accounts | Accounts with accounts type full | |
| 2023-07-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-28 | AA | accounts | Accounts with accounts type full | |
| 2022-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-12 | AA | accounts | Accounts with accounts type full | |
| 2021-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-28 | AA | accounts | Accounts with accounts type small | |
| 2021-02-08 | AP01 | officers | Appoint person director company with name date | |
| 2020-07-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2020-04-06 | AP01 | officers | Appoint person director company with name date | |
| 2020-04-06 | TM01 | officers | Termination director company with name termination date | |
| 2020-02-24 | AA | accounts | Accounts with accounts type full | |
| 2019-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.