WATERMAN ASPEN LIMITED — The Accounts

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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-06-07 (in 1mo)

Last made up 2025-05-24

Watchouts

None on the register

Cash

£618K

-12.7% vs 2023

Net assets

£14M

+12.1% vs 2023

Employees

521

+0.2% vs 2023

Profit before tax

£2M

-37.3% vs 2023

Name history

Renamed 2 times since incorporation

WATERMAN ASPEN LIMITED 2002-07-10 → present
ASPEN CONSULTING GROUP LTD 1999-08-05 → 2002-07-10
ASPEN ASSOCIATES LIMITED 1987-12-08 → 1999-08-05

Net assets

2-year trend · vs Industrials median

WATERMAN ASPEN LIMITED·Industrials median · n=6236

Accounts

2-year trend · latest reflected 2024-12-31

Metric	2023-12-31	2024-12-31
Turnover	£64,362,000	£65,167,000
Operating profit	£3,250,000	£2,138,000
Profit before tax	£3,182,000	£1,994,000
Net profit	£2,428,000	£1,484,000
Cash	£708,000	£618,000
Total assets less current liabilities	£13,576,000	£15,879,000
Net assets	£12,297,000	£13,781,000
Equity	£12,297,000	£13,781,000
Average employees	520	521
Wages	£32,469,000	£34,604,000

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	2023-12-31	2024-12-31
Operating margin	5.0%	3.3%
Net margin	3.8%	2.3%
Return on capital employed	23.9%	13.5%
Current ratio	2.48x	2.61x
Interest cover	40.12x	14.74x

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: 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 within the level of its current cash reserves and borrowings. After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the signing date of the financial statements.”

Significant events

“Invoice discounting facility was closed during the year.”

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

People

7 active · 21 resigned

Name	Role	Appointed	Born	Nationality
BRUCE, Andrew Peter	Director	2022-01-01	Oct 1983	British
EMBERTON, Mark Ashley	Director	2002-01-01	Jun 1958	British
FRAYNE, John	Director	2017-07-01	Mar 1970	British
HUMPHREY, Neil	Director	2014-02-24	May 1971	British
STEELE, Alex Ann	Director	2025-04-01	Apr 1968	British
WOODLIFFE, Andrew	Director	2022-01-01	May 1977	British
YOUNG, Christopher Paul	Director	2022-01-01	Jul 1978	British

Show 21 resigned officers

Name	Role	Appointed	Resigned
HISCOCKS, Graham Robert	Secretary	2013-02-13	2016-12-19
MANGHAM, Michael William	Secretary	1995-03-22	2008-05-01
RIDLEY, Craig Mark	Secretary	2008-05-01	2013-02-13
WRIGHT, David North	Secretary	—	1992-07-09
SIMPSONS SECRETARIES LIMITED	Corporate Secretary	1992-07-09	1995-03-22
BELLM, Robert Christopher	Director	2002-01-01	2018-06-01
BURTON, Alexander Charles	Director	2001-12-20	2008-06-30
CHAPLIN, Christopher James	Director	1992-09-01	2018-06-30
COOPER, Colin George	Director	—	1994-08-02
COTTELL, Michael Norman Tizard	Director	1996-01-01	2001-10-31
GOVAN, Mark John	Director	2006-07-01	2012-07-01
GREENLAND, Kenneth Robert	Director	—	2006-12-31
KENNETT, Keith Bernard	Director	1992-09-01	1997-06-01
MANGHAM, Michael William	Director	1992-09-01	2009-09-30
MATHESON, Donald	Director	2017-07-01	2024-07-31
MUMFORD MICE CENG, Keith Ian	Director	2002-01-01	2008-04-01
PERVEZ, Khalid	Director	2008-04-01	2012-07-01
SKINNER, Graham Ronald	Director	2002-01-01	2012-07-01
TAYLOR, Nicholas John	Director	2002-01-01	2008-06-30
WAITING, John Francis Graham	Director	2001-12-20	2014-01-31
WRIGHT, David North	Director	—	1992-07-09

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Waterman Infrastructure & Environment Limited	Corporate entity	ownership-of-shares-75-to-100-percent-as-firm, voting-rights-75-to-100-percent-as-firm, right-to-appoint-and-remove-directors-as-firm, significant-influence-or-control-as-firm	2017-07-13	Active
Waterman Group Plc	Corporate entity	Shares 75–100%	2017-06-06	Active

Filing timeline

Last 20 of 191 total filings

Date	Type	Category	Description
2025-08-22	MR04	mortgage	Mortgage satisfy charge full	PDF
2025-08-22	MR04	mortgage	Mortgage satisfy charge full	PDF
2025-06-30	AA	accounts	Accounts with accounts type full
2025-06-16	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2025-04-01	AP01	officers	Appoint person director company with name date	PDF
2024-10-05	AA	accounts	Accounts with accounts type full
2024-08-06	TM01	officers	Termination director company with name termination date	PDF
2024-06-10	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-10-09	AA	accounts	Accounts with accounts type full
2023-09-21	MR04	mortgage	Mortgage satisfy charge full	PDF
2023-05-24	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-12-13	CH01	officers	Change person director company with change date	PDF
2022-12-13	CH01	officers	Change person director company with change date	PDF
2022-09-28	AA	accounts	Accounts with accounts type full
2022-06-21	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-01-01	AP01	officers	Appoint person director company with name date	PDF
2022-01-01	AP01	officers	Appoint person director company with name date	PDF
2022-01-01	AP01	officers	Appoint person director company with name date	PDF
2021-11-26	AA	accounts	Accounts with accounts type full
2021-06-30	CS01	confirmation-statement	Confirmation statement with no updates	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 4
Capital events: 0
Officers appointed: 0
Officers resigned: 0

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

+1.3%

£64,362,000 £65,167,000
Cash

-12.7%

£708,000 £618,000
Net assets

+12.1%

£12,297,000 £13,781,000
Employees

+0.2%

520 521
Operating profit

-34.2%

£3,250,000 £2,138,000
Profit before tax

-37.3%

£3,182,000 £1,994,000
Wages

+6.6%

£32,469,000 £34,604,000

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

Official Companies House page