WAI-UK LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-26 (this month)
Last made up 2025-05-12
Watchouts
Cash
£484K
-21.5% vs 2023
Net assets
£4M
+13.2% vs 2023
Employees
27
+8% vs 2023
Profit before tax
£663K
+6,797.4% highest in 5 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £9,137,756 | £10,492,655 | — | £8,936,873 | £10,564,345 | |
| Operating profit | — | — | £530,814 | £803,511 | — | -£9,906 | £657,400 | |
| Profit before tax | — | — | £530,463 | -£590,335 | £82,762 | -£9,906 | £663,443 | |
| Net profit | — | — | £431,036 | -£748,883 | £65,714 | -£7,237 | £494,967 | |
| Cash | — | — | £847,484 | £316,918 | £100,137 | £616,314 | £483,870 | |
| Total assets less current liabilities | — | — | £6,142,831 | £3,706,012 | £3,788,774 | £3,778,868 | £4,308,737 | |
| Net assets | — | — | £6,131,460 | £3,694,705 | £3,760,419 | £3,753,182 | £4,248,149 | |
| Equity | £4,160,066 | £5,870,424 | £6,131,460 | £3,694,705 | £3,760,419 | £3,753,182 | £4,248,149 | |
| Average employees | — | — | 59 | 44 | 35 | 25 | 27 | |
| Wages | — | — | £1,151,312 | £942,544 | £784,072 | £927,348 | £981,855 |
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 | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 5.8% | 7.7% | — | -0.1% | 6.2% | |
| Net margin | — | — | 4.7% | -7.1% | — | -0.1% | 4.7% | |
| Return on capital employed | — | — | 8.6% | 21.7% | — | -0.3% | 15.3% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 40.0% | 54.3% | |
| Current ratio | — | — | — | — | — | 2.42x | 1.80x | |
| Interest cover | — | — | 1512.29x | — | — | — | 40.62x |
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
- Pierce C A Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. 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
- “In December 2024, the PSH Group was acquired by WAI Global. The company expects to see further growth from the consolidation and synergies of its group businesses within the UK.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SWITHENBANK, Karen Angela | Secretary | 2023-11-14 | — | — |
| BLISSETT, Michael Peter | Director | 2023-11-14 | Feb 1976 | British |
| HEYWOOD, Graham James | Director | 2006-05-08 | May 1977 | British |
| KAM, Alexander | Director | 2022-01-28 | Dec 1982 | Dutch |
| WELLAND, Richard Andrew | Director | 2025-08-29 | May 1968 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MELIA, Julia Ruth | Secretary | — | 2002-02-28 |
| STEAD, Alan Martin | Secretary | 2002-04-01 | 2022-01-28 |
| BATEMAN, Martin Chester | Director | — | 1998-11-20 |
| COXELL, Martin David | Director | 1994-04-01 | 2001-12-31 |
| HARRISON, Derek | Director | — | 1992-01-02 |
| HEYWOOD, Robert Edward James | Director | — | 2022-01-28 |
| MELIA, Julia Ruth | Director | 1992-01-28 | 2002-02-28 |
| STEAD, Alan Martin | Director | 2002-04-01 | 2023-11-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wetherill Europe B.V. | Corporate entity | Shares 75–100%, Voting 75–100% | 2025-08-29 | Ceased 2025-08-29 |
| Psh Holding B.V. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-08-29 | Active |
| Wood Auto Supplies (Topco) Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-01-27 | Ceased 2025-08-29 |
| Rga (Holdco) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-01-26 | Ceased 2022-01-27 |
| Rga Newco (2012) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-03-31 | Ceased 2022-01-26 |
| Wood Auto (Holdings) Limited | Corporate entity | ownership-of-shares-75-to-100-percent-as-firm, voting-rights-75-to-100-percent-as-firm | 2016-04-06 | Ceased 2020-03-31 |
Filing timeline
Last 20 of 160 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-10 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-01 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-10 | AA | accounts | Accounts with accounts type full | |
| 2024-12-27 | MA | incorporation | Memorandum articles | |
| 2024-12-27 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-05-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-16 | AA | accounts | Accounts with accounts type full | |
| 2023-11-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-14 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- 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
+18.2%
£8,936,873 £10,564,345
highest in 4 filed years
-
Cash
-21.5%
£616,314 £483,870
-
Net assets
+13.2%
£3,753,182 £4,248,149
-
Employees
+8%
25 27
-
Operating profit
+6,736.4%
-£9,906 £657,400
first positive since 2023
-
Profit before tax
+6,797.4%
-£9,906 £663,443
highest in 5 filed years
-
Wages
+5.9%
£927,348 £981,855
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers