WATES DEVELOPMENTS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-21 (in 4mo)
Last made up 2025-09-07
Watchouts
None on the register
Cash
£2M
+9.2% vs 2023
Net assets
£28M
-36.3% vs 2023
Employees
46
+2.2% vs 2023
Profit before tax
-£2M
-109.7% vs 2023
Name history
Renamed 2 times since incorporation
- WATES DEVELOPMENTS LIMITED 2007-10-30 → present
- WATES HOMES LIMITED 2000-03-02 → 2007-10-30
- WATES BUILT HOMES LIMITED 1947-08-30 → 2000-03-02
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 | £69,192,000 | £13,911,000 | |
| Operating profit | £18,892,000 | -£5,197,000 | |
| Profit before tax | £20,034,000 | -£1,943,000 | |
| Net profit | £17,682,000 | -£1,575,000 | |
| Cash | £1,402,000 | £1,531,000 | |
| Total assets less current liabilities | £43,350,000 | £27,629,000 | |
| Net assets | £43,350,000 | £27,629,000 | |
| Equity | £43,350,000 | £27,629,000 | |
| Average employees | 45 | 46 | |
| Wages | £5,133,000 | £3,284,000 |
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 | 27.3% | -37.4% | |
| Net margin | 25.6% | -11.3% | |
| Return on capital employed | 43.6% | -18.8% | |
| Gearing (liabilities / total assets) | 64.0% | 72.1% | |
| Current ratio | 1.22x | 1.13x | |
| Interest cover | 6.00x | -1.22x |
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
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reviewed the forecast future performance of the Wates Group and the company and have prepared a cash flow forecast for 12 months from the date of approval of these financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the company's accounts.”
Group structure
- WATES DEVELOPMENTS LIMITED · parent
- Brooks and Rivers Limited
- Danesdale (Pebble Drive) Limited
- Wates Amenity Lands Limited
- Wates Built Homes Limited
- Wates Built Homes (Blakes) Limited
- Wates Built Homes (London) Limited
- Wates Built Homes (Retirement) Limited
- Wates Built Homes (Southern) Limited
- Wates (Crowborough) Limited
- Wates Homes (Bracknell) Limited
- Wates Homes (Chichester) Limited
- Wates Homes (Farnham Common) Limited
- Wates Homes Limited (formerly known as Wates Homes (Odiham) Limited)
- Wates Homes (Oakley) Limited
- Wates Homes (Wallingford) Limited
- Wates Homes (Warsash) Limited
- Wates Second Land Limited
- Wates (WR) Limited
- WBH (Financial Services) Limited
- Woodside Lands Estates Limited
- Woodside Lands Management Limited
- Linden Wates (St Albans) JV 50%
- Berkshire Land Limited 33.3%
- Miller Wates (Oakley) LLP 50%
- Vistry Wates (Walshes) LLP 50%
Significant events
- “During the year, the Wates Group agreed to transfer members of the Wates Pension Fund to Clara-Pensions, a pensions consolidation company for defined benefit pension schemes. Wates Developments Limited had participating members within the scheme. The transfer took place on 14 January 2025, at which point all assets of the fund were transferred to Clara.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 35 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOWEN, David Alexander | Director | 2015-10-22 | Nov 1967 | British |
| BROCKLEBANK, David Michael | Director | 2002-02-11 | Feb 1970 | British |
| FLINT, Natalie Jane | Director | 2019-11-15 | Jan 1969 | British |
| LAUGHARNE, Nicholas James | Director | 2025-04-08 | Sep 1983 | British |
| WAINWRIGHT, Philip Michael | Director | 2022-12-12 | Apr 1965 | British |
Show 35 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOWEN, David Alexander | Secretary | 2015-10-22 | 2018-12-03 |
| DAVIES, David Huw | Secretary | 2007-12-31 | 2008-11-24 |
| DAVIES, David Huw | Secretary | 2005-02-01 | 2006-05-30 |
| GAME, Ashley | Secretary | 2000-10-02 | 2002-04-30 |
| HOULTON, Jonathan Charles Bennett | Secretary | 2002-04-30 | 2005-02-01 |
| HOULTON, Jonathan Charles Bennett | Secretary | 2000-06-30 | 2000-10-02 |
| JARRETT, John Michael | Secretary | 2008-11-24 | 2015-10-22 |
| MACKIE, William Graham | Secretary | 1994-04-29 | 2000-06-30 |
| SAREEN, Narinder Singh | Secretary | — | 1994-04-29 |
| STYANT, Terry Ann | Secretary | 2006-05-30 | 2007-12-31 |
| ALLEN, David Owen | Director | 2016-01-04 | 2022-08-16 |
| ANDREWS, Timothy William | Director | 2003-08-01 | 2005-12-31 |
| ASHTON, Judith Caroline | Director | 2005-01-04 | 2006-03-24 |
| COSH, Alan Peter | Director | — | 2004-09-03 |
| DAVEY, Martin Gerald | Director | 1998-01-01 | 1999-07-26 |
| DAVIES, David Huw | Director | 2005-02-01 | 2016-01-04 |
| DEARMER, Neil Andrew | Director | 2001-01-02 | 2004-01-05 |
| HEWITT, Cara Louise | Director | 2005-12-31 | 2007-10-01 |
| HOULTON, Jonathan Charles Bennett | Director | 1998-06-01 | 2005-02-01 |
| HUDSON, Yvonne | Director | — | 1995-09-08 |
| HUTCHINSON, Colin William | Director | 1998-04-06 | 1998-11-04 |
| JARRETT, John Michael | Director | 2007-10-01 | 2015-10-22 |
| LEACH, Martin Geoffrey | Director | 2013-11-01 | 2019-11-15 |
| LORD, Philip Smith | Director | — | 1995-06-30 |
| PHIPPS, Paul David | Director | 2001-12-12 | 2005-12-31 |
| PLUMMER, Michael Charles | Director | 1999-03-19 | 2000-07-11 |
| ROBERTSON, Dave Duncan Struan | Director | 2000-10-02 | 2004-01-16 |
| SPENCER, Jonathan Peter | Director | 1994-04-11 | 1998-08-07 |
| TULLAH, Neville | Director | 2000-10-02 | 2001-12-12 |
| WARREN, Reginald James | Director | — | 1994-08-31 |
| WATES, Andrew Trace Allan | Director | 2004-01-16 | 2006-09-01 |
| WATES, Christopher Stephen, Sir | Director | — | 2000-10-02 |
| WATES, Jonathan Giles Macartney | Director | 1998-01-01 | 2006-11-30 |
| WATES, Paul Christopher Ronald | Director | — | 2001-09-30 |
| WATES, Timothy Andrew De Burgh | Director | 2005-01-10 | 2023-06-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wates Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 471 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-17 | AA | accounts | Accounts with accounts type full | |
| 2025-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-16 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-13 | AA | accounts | Accounts with accounts type full | |
| 2023-09-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-06 | AA | accounts | Accounts with accounts type full | |
| 2022-12-20 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-28 | AA | accounts | Accounts with accounts type full | |
| 2021-09-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-02 | AA | accounts | Accounts with accounts type full | |
| 2020-10-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-10-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-10-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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
-79.9%
£69,192,000 £13,911,000
-
Cash
+9.2%
£1,402,000 £1,531,000
-
Net assets
-36.3%
£43,350,000 £27,629,000
-
Employees
+2.2%
45 46
-
Operating profit
-127.5%
£18,892,000 -£5,197,000
-
Profit before tax
-109.7%
£20,034,000 -£1,943,000
-
Wages
-36%
£5,133,000 £3,284,000
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