WATLOW LIMITED
Get an alert when WATLOW LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-12 (in 9mo)
Last made up 2026-01-29
Watchouts
Cash
£2M
-50.4% vs 2023
Net assets
£93M
-3.3% vs 2023
Employees
333
+17.7% highest in 5 filed years
Profit before tax
-£736K
-114.2% vs 2023
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
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £66,503,000 | £60,837,000 | |
| Operating profit | — | — | — | £5,149,000 | -£1,334,000 | |
| Profit before tax | — | — | — | £5,182,000 | -£736,000 | |
| Net profit | — | — | — | £2,148,000 | -£2,884,000 | |
| Cash | £412,612 | £804,075 | £903,833 | £4,885,000 | £2,425,000 | |
| Total assets less current liabilities | £1,434,202 | £1,452,924 | £1,656,408 | £96,678,000 | £93,284,000 | |
| Net assets | £1,434,202 | £1,452,924 | £1,656,408 | £95,740,000 | £92,560,000 | |
| Equity | — | — | — | £95,740,000 | £92,560,000 | |
| Average employees | 14 | 14 | 14 | 283 | 333 | |
| Wages | — | — | — | £14,263,000 | £12,782,000 |
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 7.7% | -2.2% | |
| Net margin | — | — | — | 3.2% | -4.7% | |
| Return on capital employed | — | — | — | 5.3% | -1.4% | |
| Current ratio | 5.90x | 6.24x | 3.61x | 2.13x | 2.13x | |
| Interest cover | — | — | — | 13.07x | -2.50x |
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
- Consolidated group
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- WATLOW LIMITED · parent
- Eurotherm Limited 100%
- Eurotherm Poland Sp. z o.o. 100%
- Eurotherm Limited branch in Ireland 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCCOOL, David | Secretary | 2024-02-07 | — | — |
| BUBESTINGER, Cornelia | Director | 2024-02-07 | Jan 1980 | Austrian |
| TRIMBLE, Janet Christine | Director | 2025-09-25 | May 1969 | American |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DESLOGE, Stephen | Secretary | 1999-11-30 | 2001-03-31 |
| FERRIS, Tom | Secretary | 2010-07-30 | 2024-02-07 |
| KRAMER, Worth Alan | Secretary | — | 1999-11-30 |
| MUELLER, Ray | Secretary | 2010-04-30 | 2010-07-30 |
| PENNING JR, John A | Secretary | 2001-04-01 | 2010-04-30 |
| BOHENKAMP, Steven Charles | Director | 2001-04-01 | 2005-06-17 |
| DESLOGE, Stephen | Director | 1999-11-30 | 2024-02-07 |
| FERRIS, Tom Lowell | Director | 2010-07-30 | 2024-02-07 |
| KRAMER, Worth Alan | Director | — | 1999-11-30 |
| MCCOOL, David | Director | 2024-02-07 | 2025-09-25 |
| MUELLER, Ray | Director | 2010-04-30 | 2010-07-30 |
| NEAL, Gary Mark | Director | — | 2001-03-31 |
| PENNING JR, John A | Director | 2001-04-01 | 2010-04-30 |
| ROHDE, Carsten | Director | 2005-06-17 | 2005-11-30 |
| SCHAEFER, Wolfgang | Director | 1993-02-01 | 1999-11-30 |
| WILSON, Peter Nigel | Director | — | 2005-06-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Watlow Electric Manufacturing Company | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-10-22 | Active |
| Mr Thomas Lowell Ferris | Individual | significant-influence-or-control-as-firm | 2016-04-06 | Ceased 2025-10-22 |
| Mr Stephen Falk Desloge | Individual | Significant influence | 2016-04-06 | Ceased 2025-10-22 |
Filing timeline
Last 20 of 155 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-24 | AA | accounts | Accounts with accounts type group | |
| 2025-10-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-21 | AA | accounts | Accounts with accounts type group | |
| 2025-02-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-01 | AA | accounts | Accounts with accounts type group | |
| 2024-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-07 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-07 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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
-8.5%
£66,503,000 £60,837,000
-
Cash
-50.4%
£4,885,000 £2,425,000
-
Net assets
-3.3%
£95,740,000 £92,560,000
-
Employees
+17.7%
283 333
highest in 5 filed years
-
Operating profit
-125.9%
£5,149,000 -£1,334,000
-
Profit before tax
-114.2%
£5,182,000 -£736,000
-
Wages
-10.4%
£14,263,000 £12,782,000
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