DEVONPORT ROYAL DOCKYARD LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-11-22 (in 6mo)
Last made up 2025-11-08
Watchouts
Cash
£326K
+13.2% vs 2024
Net assets
£453M
+26.8% vs 2024
Employees
9,502
+4.6% vs 2024
Profit before tax
£126M
+72.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £1,522,764,000 | £1,749,876,000 | |
| Operating profit | £77,035,000 | £114,608,000 | |
| Profit before tax | £72,820,000 | £125,702,000 | |
| Net profit | £49,570,000 | £75,916,000 | |
| Cash | £288,000 | £326,000 | |
| Total assets less current liabilities | £511,615,000 | £571,997,000 | |
| Net assets | £357,153,000 | £452,874,000 | |
| Equity | £357,153,000 | £452,874,000 | |
| Average employees | 9,084 | 9,502 | |
| Wages | £452,733,000 | £485,709,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 5.1% | 6.5% | |
| Net margin | 3.3% | 4.3% | |
| Return on capital employed | 15.1% | 20.0% | |
| Current ratio | 0.24x | 1.44x | |
| Interest cover | 14.77x | 13.40x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have not identified any material uncertainties related to events or conditions that may cast significant doubt upon the Company's ability to continue as a going concern. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “In the year ended 31 March 2025 the Company took part in a group wide loan rationalisation process which involved the netting of intercompany payables and receivables loan balances.”
- “The Company continues its active engagement in a number of pan-industry alliances with the MOD that will determine long term arrangements for delivering and supporting current and future classes of surface warships and submarines”
- “The Company had previously guaranteed or had joint and several liability for bank facilities that are shared across multiple group companies, these were cancelled in the period to 31 March 2025”
- “The Company is aware of the 'Virgin Media v NTL Pension Trustees Ltd and others' case and that there is a potential for it to have an impact on the Company's UK pension schemes.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 68 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WALTERS, Jenna Louise | Secretary | 2025-06-20 | — | — |
| CARRICK, Richard James | Director | 2024-11-01 | Jan 1966 | British |
| GANE, John Robert | Director | 2022-03-07 | Mar 1971 | British |
| HEDICKER, Gareth John | Director | 2025-07-18 | Sep 1974 | British |
| KIERAN, Dominic John | Director | 2021-09-15 | May 1974 | British |
| LAWTON, Mark David | Director | 2024-07-24 | Aug 1972 | British |
| MISELL, Neal Gregory | Director | 2026-05-06 | Oct 1967 | British |
Show 68 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FEL, Pascal | Secretary | 2023-02-14 | 2024-11-14 |
| GREIG, John David Taylor | Secretary | 2008-04-01 | 2014-06-01 |
| LYON, George Traill | Secretary | — | 1997-08-29 |
| WARREN, Henry William | Secretary | 1997-09-04 | 2008-04-04 |
| WOOD, Julia Mary | Secretary | 2014-06-01 | 2023-02-14 |
| BEDELIAN, Haro Moushegh | Director | 1997-03-14 | 1998-10-01 |
| BETHEL, Archibald Anderson | Director | 2007-06-28 | 2014-02-01 |
| BOWEN, Simon Christopher | Director | 2020-02-19 | 2025-08-29 |
| BOYD, Ian Mair | Director | 1999-07-28 | 2006-04-06 |
| BUTLER, Basil Richard Ryland | Director | — | 1994-10-25 |
| DAVIDSON, Robert James, Sir | Director | — | 1996-03-31 |
| DONALDSON, John Anthony | Director | 2014-01-31 | 2016-10-04 |
| DOUGLAS, Kenneth Malcolm | Director | 2024-02-14 | 2024-09-30 |
| DUNBAR, David Addison Milne | Director | 1997-03-14 | 2007-06-28 |
| FETTERMAN, Anthony Jeffrey | Director | 1998-05-28 | 1999-11-18 |
| FORAN, Richard | Director | 2020-06-25 | 2026-03-25 |
| FOSTER, Paul | Director | 2020-10-15 | 2022-01-18 |
| FOSTER, Simon | Director | 2018-10-04 | 2019-08-23 |
| FOSTER, Simon | Director | 2016-10-04 | 2017-07-05 |
| FOX, Nicola Mary | Director | 2023-04-28 | 2023-10-20 |
| FOX, Nicola Mary | Director | 2021-02-17 | 2023-04-26 |
| FRENCH, Stephen Amos | Director | 2016-10-04 | 2020-06-18 |
| GARRICK, Ronald, Sir | Director | 1997-03-14 | 1999-01-31 |
| GILBERT, Dennis Ernest | Director | 1996-09-24 | 2018-06-04 |
| GILLESPIE, Roger Keith | Director | 2008-04-16 | 2011-06-01 |
| GOODMAN, Kevin William | Director | 2008-04-16 | 2009-07-28 |
| HALL, Jonathan, Dr | Director | 2008-11-28 | 2014-02-01 |
| HARDY, Roger Andrew | Director | 2008-04-04 | 2010-04-14 |
| HOLT, Harry Arthur Blair | Director | 2024-02-14 | 2026-04-30 |
| HOMER, Michael Stephen | Director | 2019-04-01 | 2021-08-18 |
| HOMER, Michael Stephen | Director | 2010-04-14 | 2016-10-04 |
| HOWIE, John Wallace | Director | 2011-06-01 | 2016-10-04 |
| HOWIE, John Wallace | Director | 2008-01-21 | 2009-07-17 |
| JEWELL, Ian | Director | 2014-01-31 | 2016-10-04 |
| JONES, Derek Malcolm | Director | 2014-01-31 | 2016-10-04 |
| JONES, Philip Ross | Director | 2008-04-16 | 2016-03-31 |
| LAMBERT, Gary | Director | 2016-10-04 | 2019-12-31 |
| LECKIE, Gavin Michael | Director | 2016-06-16 | 2019-08-22 |
| LEECE, Michael Jeffrey | Director | — | 1996-06-30 |
| LIEW, Bang Chuan | Director | 2006-04-06 | 2007-06-28 |
| LOCKHART, Craig | Director | 2016-10-04 | 2019-02-28 |
| LOCKHART, Craig, Mr. | Director | 2008-04-16 | 2014-02-01 |
| MACLACHLAN, Rodney Ewen | Director | 1995-05-15 | 1997-03-13 |
| MATHEWS, Andrew David Hugh, Sir | Director | 2016-10-04 | 2024-09-30 |
| MEAD, Christopher John | Director | 2000-12-07 | 2004-10-13 |
| MITCHELSON, Alan Wallace Fernie | Director | 2006-04-06 | 2007-06-28 |
| MORGAN, Iain Kenneth | Director | 2005-04-14 | 2005-12-02 |
| NICHOLLS, Andrew Charles | Director | 2008-04-16 | 2008-11-28 |
| NOBLE, Trevor Mills | Director | 1997-04-18 | 2000-07-31 |
| PETTIGREW, Timothy Michael Robert | Director | 2009-07-17 | 2014-02-01 |
| PLEDGER, Malcolm David, Sir | Director | 2006-08-12 | 2007-06-28 |
| PRYOR, Anthony Francis | Director | 1996-07-23 | 2006-04-06 |
| READ, Eric Stephen | Director | 2000-04-06 | 2003-12-22 |
| READ, Eric Stephen | Director | 1997-05-02 | 1997-11-04 |
| ROGERS, Peter Lloyd | Director | 2007-06-28 | 2008-04-16 |
| ROSE, Andrew Edward | Director | 1999-07-28 | 2007-06-28 |
| SELWAY, Mark Wayne | Director | 2005-04-14 | 2007-06-28 |
| SEMKEN, David St John | Director | 2014-01-31 | 2016-10-04 |
| SIMPSON, Gary | Director | 2022-03-14 | 2024-11-12 |
| SPURR, Dr Andrew, Dr | Director | 2019-06-13 | 2023-12-31 |
| STANSKI, Bruce Allen | Director | 2003-12-22 | 2007-06-28 |
| TAME, William | Director | 2007-06-28 | 2008-04-16 |
| TOMKINS, Christopher Alan | Director | 2016-10-04 | 2018-02-28 |
| TYLER, Ian Paul | Director | 1997-06-19 | 2007-06-28 |
| URQUHART, Iain Stuart | Director | 2007-06-28 | 2014-02-01 |
| WARREN, Henry William | Director | — | 2008-04-04 |
| WATSON, Paul | Director | 2022-03-07 | 2024-07-24 |
| WHALLEY, Michael | Director | 2014-01-31 | 2016-10-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Babcock Marine (Devonport) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 297 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-07 | AA | accounts | Accounts with accounts type full | |
| 2025-11-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-06-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-24 | AA | accounts | Accounts with accounts type full | |
| 2024-11-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-11-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-23 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+14.9%
£1,522,764,000 £1,749,876,000
-
Cash
+13.2%
£288,000 £326,000
-
Net assets
+26.8%
£357,153,000 £452,874,000
-
Employees
+4.6%
9,084 9,502
-
Operating profit
+48.8%
£77,035,000 £114,608,000
-
Profit before tax
+72.6%
£72,820,000 £125,702,000
-
Wages
+7.3%
£452,733,000 £485,709,000
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