WILLIS LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. WILLIS LIMITED 2000-02-01 → present
2. WILLIS FABER & DUMAS LIMITED 1982-07-09 → 2000-02-01
3. WILLIS, FABER & DUMAS LIMITED 1922-04-12 → 1982-07-09

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having assessed the responses to their enquiries, including the current and expected impact of changes as a result of world events, the Directors have no reason to believe that a material uncertainty exists that may cast significant doubt upon the ability of the Company to continue as a going concern or its ability to repay loans due from time to time. As a consequence of the enquiries the Directors have a reasonable expectation that the Company has appropriate resources to continue in operational existence for a period of at least twelve months from the date of approval of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “During 2024 the Company was engaged in these transformation activities and incurred costs of $17 million (2023: $28 million).”
• “WTW concluded a three-year 'Transformation programme' designed to enhance operations, optimise technology and align its real estate footprint to its new ways of working.”
• “From 1 July 2024, Willis Towers Watson plc together with its subsidiaries ('WTW') took the opportunity to optimise and simplify its intellectual property strategy and intercompany transition framework. As part of this strategy, the Company became the global hub, Centre of Excellence, for the Global Risk & Broking business unit for WTW charging related undertakings a fee for the suite of services provided to other entities within WTW.”
• “During the year, the Company fully impaired its investment in PPH Limited following the return of capital and payment of a dividend by the subsidiary to the Company. The impairment charge for year ended 31 December 2024 is $5 million (2023: $nil).”
• “On 25 November 2024, the Company's only subsidiary undertaking, PPH Limited, was placed into liquidation following the return of capital and payment of a dividend by the subsidiary to the Company.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +30%

  £472,201,631 → £613,787,991

• Cash

  +10%

  £74,128,984 → £81,541,883

• Net assets

  -14.1%

  £634,544,107 → £544,848,036

• Employees

  +4.1%

  2,726 → 2,838

• Operating profit

  -20.7%

  £111,193,477 → £88,213,491

• Profit before tax

  -17.3%

  £146,034,099 → £120,830,245

• Wages

  +5.7%

  £300,963,677 → £318,013,343

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers