WATERMAN STRUCTURES LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. WATERMAN STRUCTURES LIMITED 2005-07-05 → present
2. WATERMAN PARTNERSHIP LIMITED 2005-07-01 → 2005-07-05
3. SPARKEASY LIMITED 1987-11-16 → 1988-01-01

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company meets its day-to-day working capital requirements through its cash reserves and borrowings. The current economic conditions continue to create uncertainty particularly over the level of future demand for the Company's services. The Company has an appropriate response plan in place for the economic challenges and has taken proactive measures to seek to mitigate the associated risks. The Company continues to trade profitably and generate positive cash flows. The Company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the Company should be able to operate for at least 12 months from approval of these financial statements. After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The directors have also received confirmation that Waterman Group plc currently intends to support the Company for at least one year after these financial statements are signed. The Company therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. WATERMAN STRUCTURES LIMITED · parent
   1. Waterman Consulting Engineers India Private Limited 1% · India · structural engineering consultancy services

Significant events

• “The outlook for 2025 and beyond remains uncertain. Inflation has declined but continues to wobble while recent trade tariff uncertainties have shaken business confidence. Costs remain high and in the UK there is increasing pressure with rises in National Insurance Contributions now in effect.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -4%

  £18,390,000 → £17,654,000

• Cash

  —

  Not reported

• Net assets

  +5.8%

  £2,188,000 → £2,314,000

• Employees

  -12.2%

  139 → 122

• Operating profit

  -87.7%

  £1,970,000 → £242,000

• Profit before tax

  -88%

  £1,966,000 → £235,000

• Wages

  -0.5%

  £7,849,000 → £7,810,000

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