WILLIAM ROWLAND METAL FINISHING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-14 (in 2mo)
Last made up 2025-06-30
Watchouts
None on the register
Cash
£93K
+33.9% vs 2023
Net assets
£369K
+14.1% vs 2023
Employees
10
+42.9% vs 2023
Profit before tax
£57K
-72.3% vs 2023
Name history
Renamed 1 time since incorporation
- WILLIAM ROWLAND METAL FINISHING LIMITED 2020-11-04 → present
- E.F.WESTAWAY LIMITED 1940-09-02 → 2020-11-04
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £847,842 | £787,414 | |
| Operating profit | £203,102 | £63,326 | |
| Profit before tax | £204,909 | £56,862 | |
| Net profit | £156,405 | £45,689 | |
| Cash | £69,115 | £92,577 | |
| Total assets less current liabilities | £375,019 | £423,268 | |
| Net assets | £323,784 | £369,473 | |
| Equity | £323,784 | £369,473 | |
| Average employees | 7 | 10 | |
| Wages | £265,920 | £293,070 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 24.0% | 8.0% | |
| Net margin | 18.4% | 5.8% | |
| Return on capital employed | 54.2% | 15.0% | |
| Current ratio | 1.71x | 2.43x | |
| Interest cover | 284.06x | 6.42x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “2024 marked the fourth full year of William Rowland Ltd's ownership of William Rowland Metal Finishing ("WRMF"). Despite a softer market and a 7.1% decline in turnover to £787,414 (2023: £847,842), the company remained profitable, reporting an operating profit of £63,326 (2023: £203, 102).”
- “WRMF continued its strategic diversification away from the aerospace sector, making strong progress in the recycling and industrial segments. Several new customers were onboarded, supported by targeted investments in equipment and processes tailored to their requirements.”
- “A strong pipeline of customer trials in the recycling and industrial markets is expected to convert into revenue during 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ISTRATESCU, Alexandru Bogdan | Director | 2022-01-12 | Jun 1985 | Romanian |
| LOWE, Richard Mark | Director | 2020-02-12 | Sep 1976 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WESTAWAY, Hilary Susan | Secretary | 2000-05-01 | 2020-02-12 |
| WESTAWAY, John Richard | Secretary | — | 2000-04-30 |
| BERRY, Neil | Director | 2021-05-31 | 2022-01-12 |
| BROWN, Hamish Terence Kinnear | Director | 2020-02-12 | 2021-05-31 |
| HAMPSON, Helen | Director | 2011-10-28 | 2015-06-18 |
| SCHOLES, Susan | Director | 2011-10-28 | 2015-06-17 |
| SMITH, Alan | Director | 1996-10-01 | 2005-12-31 |
| WESTAWAY, David Graham | Director | — | 2020-02-12 |
| WESTAWAY, Hilary Susan | Director | 2001-10-01 | 2020-02-12 |
| WESTAWAY, John Richard | Director | — | 2014-09-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| William Rowland Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-02-12 | Active |
| Mrs Hilary Susan Westaway | Individual | Shares 25–50% | 2016-06-20 | Ceased 2020-02-12 |
| Mr David Graham Westaway | Individual | Shares 25–50% | 2016-06-20 | Ceased 2020-02-12 |
Filing timeline
Last 20 of 149 total filings
Material constitutional events — rename, articles re-file, resolution
- 2020-11-04 RESOLUTIONS Resolution PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-26 | AA | accounts | Accounts with accounts type full | |
| 2025-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-24 | AA | accounts | Accounts with accounts type full | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-26 | AA | accounts | Accounts with accounts type full | |
| 2022-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2021-07-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-06-21 | AA | accounts | Accounts with accounts type full | |
| 2021-06-01 | TM01 | officers | Termination director company with name termination date | |
| 2021-06-01 | AP01 | officers | Appoint person director company with name date | |
| 2021-02-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2020-11-04 | RESOLUTIONS | resolution | Resolution | |
| 2020-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-04 | AA01 | accounts | Change account reference date company current extended |
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-7.1%
£847,842 £787,414
-
Cash
+33.9%
£69,115 £92,577
-
Net assets
+14.1%
£323,784 £369,473
-
Employees
+42.9%
7 10
-
Operating profit
-68.8%
£203,102 £63,326
-
Profit before tax
-72.3%
£204,909 £56,862
-
Wages
+10.2%
£265,920 £293,070
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