HERIOT-WATT SERVICES LIMITED
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Cash
£590K
+17.8% vs 2024
Net assets
-£6.4M
-54.2% vs 2024
Employees
54
-12.9% vs 2024
Profit before tax
-£1.7M
-0.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Industrials 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 | £3,973,000 | £4,825,000 | +21.4% | |
| Operating profit | -£1,664,000 | -£1,676,000 | -0.7% | |
| Profit before tax | -£1,647,000 | -£1,661,000 | -0.9% | |
| Net profit | -£1,647,000 | -£1,661,000 | -0.9% | |
| Cash | £501,000 | £590,000 | +17.8% | |
| Total assets less current liabilities | £29,576,000 | £27,062,000 | -8.5% | |
| Net assets | -£4,169,000 | -£6,428,000 | -54.2% | |
| Equity | -£4,169,000 | -£6,428,000 | -54.2% | |
| Average employees | 62 | 54 | -12.9% | |
| Wages | £1,616,000 | £1,820,000 | +12.6% | |
| 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 | -41.9% | -34.7% | |
| Net margin | -41.5% | -34.4% | |
| Return on capital employed | -5.6% | -6.2% | |
| Current ratio | 0.18x | 0.15x |
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 SERVICES LIMITED 2004-12-09 → present
- DUNWILCO (1173) LIMITED 2004-07-22 → 2004-12-09
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- 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.”
Significant events
- “In May 2024 Oriam (HWS) contracted Greentech Sportsturf to re-lay the stitched surface of Pitch 2. This was completed in August 2024 as part of a wider project to ensure pitches are of sufficient standard to attract premium partners.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COLLIER, Susan Margaret | Secretary | 2014-10-17 | — | — |
| CAMPBELL, Ross James | Director | 2017-10-30 | Jul 1983 | British |
| JOHNSTONE, Lynda Carole | Director | 2020-07-03 | May 1966 | British |
| TUMILTY, Michael | Director | 2023-01-04 | Apr 1971 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWN, Derek Gardiner | Secretary | 2007-06-18 | 2014-10-17 |
| WATT, Jamie | Secretary | 2004-12-06 | 2007-06-18 |
| D.W. COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 2004-07-22 | 2004-12-06 |
| COLLIER, Susan Margaret | Director | 2012-08-31 | 2014-10-17 |
| DALTON, Ann Marie | Director | 2011-06-01 | 2020-06-30 |
| DEANS, Thomas Malcolm | Director | 2014-03-12 | 2018-04-30 |
| JEFFERSON, Andrew Gordon | Director | 2020-03-16 | 2023-06-28 |
| KAY, Stefan George | Director | 2004-12-06 | 2006-10-27 |
| MACLEAN, Alastair David | Director | 2015-01-30 | 2015-02-26 |
| MCALLISTER, Catriona | Director | 2014-03-12 | 2017-04-26 |
| MCNAULL, Philip Gerard | Director | 2005-02-28 | 2012-08-31 |
| MENZIES, Andrew Mchardy | Director | 2014-03-12 | 2020-03-10 |
| SIMMONS, John Edward Leonard, Professor | Director | 2004-12-06 | 2006-08-22 |
| THORNTON, Mairi | Director | 2004-12-06 | 2006-03-22 |
| WILSON, Peter Liddell, Dr | Director | 2004-12-06 | 2011-05-16 |
| D.W. DIRECTOR 1 LIMITED | Corporate Nominee Director | 2004-07-22 | 2004-12-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Heriot-Watt University | Corporate entity | Shares 75–100%, Appoints directors, Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 92 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 | |
| 2025-01-27 | AA | accounts | Accounts with accounts type full | |
| 2024-07-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-05 | AA | accounts | Accounts with accounts type full | |
| 2023-08-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-29 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-28 | AA | accounts | Accounts with accounts type full | |
| 2023-02-23 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-12 | AA | accounts | Accounts with accounts type full | |
| 2021-09-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-25 | AA | accounts | Accounts with accounts type small | |
| 2020-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2020-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2020-03-16 | AP01 | officers | Appoint person director company with name date | |
| 2020-03-16 | TM01 | officers | Termination director company with name termination date | |
| 2020-02-24 | AA | accounts | Accounts with accounts type full | |
| 2019-07-25 | 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.