BOSKALIS WESTMINSTER (HOLDINGS) LIMITED

1. BOSKALIS WESTMINSTER (HOLDINGS) LIMITED 2012-10-01 → present
2. BOSKALIS WESTMINSTER LIMITED 1978-12-31 → 2012-10-01
3. WESTMINSTER DREDGING GROUP LIMITED 1933-12-02 → 1978-12-31

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 102

Reporting scope

Consolidated group

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The Group has considerable financial resources together with long term contracts with a number of customers and suppliers across different geographic areas and industries. In addition, the Group's ability to call upon a wealth of knowledge, experience and resources within the wider international Boskalis group allows for access to a wide range of services, goods and equipment beyond the local markets providing the flexibility to address any potential issues arising within the Group's supply chain and wider business activities. As a consequence, the directors believe that the Group is well placed to manage its business risks successfully and is in a healthy position to weather the increased disruption and costs in the fuel and supply chain.The directors have a reasonable expectation that for a period of 12 months from the date of approving the group financial statements for the year ended 31 December 2024, the Group has adequate resources (see note 1) to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis in preparing the annual financial statements.”

Group structure

1. BOSKALIS WESTMINSTER (HOLDINGS) LIMITED · parent
   1. Rock Fall Company Limited 100% · Marine drilling and blasting
   2. Cofra Limited 100% · Specialist geotechnical
   3. Boskalis Offshore CI Limited 100% · Quay Wall construction
   4. Llanelli Sand Dredging Limited 100% · Marine dredged aggregates
   5. Westminster Gravels Limited 100% · Marine dredged aggregates
   6. Boskalis EOD Services (UK) Limited 100% · UK · Bottom and shore protection
   7. Boskalis Marine Services Limited 100% · Marine Services
   8. Boskalis Westminster Limited 100% · Dredging and land reclamation
   9. Boskalis Marine Contracting Limited 100% · Dredging and land reclamation
   10. Irish Dredging Company Limited 100% · Ireland · Dredging and land reclamation

Significant events

• “As anticipated, the Group had a busy year and saw a substantial increase in turnover compared to 2023. The Group's strong presence in the maintenance dredging market continued with turnover from the Group's portfolio of maintenance clients located around the United Kingdom exceeding that seen in recent years. The Group also saw significant operations on its capital contracts including on its key projects in Southampton, Dover, Hull and overseas in Walvis Bay, Namibia. The Group also continued to use its strong presence in the open maintenance dredging market, securing several maintenance projects at ports and harbours around the United Kingdom. A short term impact on the current ratio is seen in the year as a result of a higher level of project activity ongoing at the end of the year.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +50.8%

  £81,775,000 → £123,297,000

• Cash

  +598.8%

  £564,000 → £3,941,000

• Net assets

  -2.5%

  £28,011,000 → £27,322,000

• Employees

  +3.4%

  118 → 122

• Operating profit

  +40.7%

  £9,722,000 → £13,674,000

• Profit before tax

  +32.3%

  £11,521,000 → £15,241,000

• Wages

  +1.8%

  £8,182,000 → £8,329,000

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