PORTSMOUTH WATER LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-19 (in 2mo)
Last made up 2025-07-05
Watchouts
None on the register
Cash
£51M
+95.6% vs 2024
Net assets
£105M
-0.8% vs 2024
Employees
330
+10.7% vs 2024
Profit before tax
£2M
+139.2% vs 2024
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £47,919,000 | £49,596,000 | |
| Operating profit | £8,163,000 | £6,697,000 | |
| Profit before tax | -£4,348,000 | £1,705,000 | |
| Net profit | -£3,430,000 | £1,138,000 | |
| Cash | £25,959,000 | £50,775,000 | |
| Total assets less current liabilities | £368,022,000 | £375,422,000 | |
| Net assets | £105,708,000 | £104,830,000 | |
| Equity | £105,708,000 | £104,830,000 | |
| Average employees | 298 | 330 | |
| Wages | £12,942,000 | £16,681,000 |
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 | 17.0% | 13.5% | |
| Net margin | -7.2% | 2.3% | |
| Return on capital employed | 2.2% | 1.8% | |
| Gearing (liabilities / total assets) | 74.7% | 76.0% | |
| Current ratio | 2.76x | 1.23x | |
| Interest cover | 0.44x | 0.77x |
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
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic.”
Significant events
- “Began full construction of Havant Thicket Reservoir, the first new reservoir in a generation, securing for the South East and protecting chalk streams.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HEWSON, Hayley Elizabeth | Secretary | 2025-09-26 | — | — |
| DARCY, Sharon Helen | Director | 2023-10-16 | May 1967 | British |
| DEACON, Christopher | Director | 2020-05-01 | Dec 1947 | British |
| LOUGHLIN, Christopher | Director | 2021-04-01 | Aug 1952 | British |
| MILNER, John Christopher | Director | 2021-10-01 | Jun 1976 | British |
| STOIMENOVA, Lara Dimitrova, Dr | Director | 2022-01-17 | Apr 1972 | British |
| TAYLOR, Colin Robert | Director | 2018-11-01 | Jun 1961 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BATTY, John Francis | Secretary | — | 1992-10-15 |
| HALFORD, Susan Grace | Secretary | 1992-10-15 | 2003-05-31 |
| HARDYMAN, Christopher Neil | Secretary | 2008-04-01 | 2025-09-25 |
| SMITH, Neville | Secretary | 2003-06-26 | 2008-03-31 |
| BAILEY, Frederick Arthur | Director | — | 1999-11-18 |
| BATTY, John Francis | Director | — | 2002-12-31 |
| BENJAMIN, Heather Virginia | Director | 2012-11-01 | 2019-03-31 |
| CHILDS, Philip David | Director | — | 1992-01-23 |
| COFFIN, Michael Robert | Director | 2019-01-02 | 2021-12-31 |
| COGLEY, John Edward | Director | 1997-06-01 | 2009-08-31 |
| COPP, Martin Cecil, Dr | Director | 1992-10-01 | 2001-12-07 |
| GLANVILLE, John Foster | Director | — | 1993-12-16 |
| GUYMER, Eric Norman Lawrence | Director | — | 1992-03-01 |
| JACKSON, Timothy | Director | 1994-10-01 | 1997-05-30 |
| JOHNSON, Martin | Director | 2014-07-01 | 2020-06-30 |
| KING, John David | Director | — | 2001-12-07 |
| KIRK, Mike | Director | 2012-11-01 | 2020-06-11 |
| LAZENBY, Terence Michael | Director | 2002-06-01 | 2014-09-30 |
| NEVE, Andrew Richard | Director | 1997-06-01 | 2012-05-01 |
| ORTON, Helen Mary Grace | Director | 2015-10-12 | 2021-09-30 |
| OWENS, David William | Director | 2018-03-16 | 2021-03-05 |
| PORTEOUS, Roderic Colquhoun | Director | 2012-05-01 | 2018-11-01 |
| PRINGLE, Hugh James Young | Director | — | 2001-12-07 |
| ROADNIGHT, Nicholas John | Director | 1994-10-01 | 2011-12-16 |
| SHEERAN, Nick John | Director | 2011-12-05 | 2015-01-01 |
| SLATER, George | Director | — | 1997-07-24 |
| SMITH, Neville | Director | 1998-02-01 | 2018-12-31 |
| SULLIVAN, Robert Leonard | Director | 2002-06-01 | 2012-11-01 |
| TENNANT, Raymond John | Director | 2002-06-01 | 2012-11-01 |
| WILSON, Angela | Director | 2020-07-01 | 2023-10-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Christopher Loughlin | Individual | Significant influence | 2021-04-01 | Active |
| Mr David William Owens | Individual | significant-influence-or-control-as-firm | 2018-03-16 | Ceased 2021-03-05 |
| Ancala Fornia Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-03-16 | Ceased 2018-03-16 |
| Mr Stuart Robert Lindsay | Individual | significant-influence-or-control-as-trust | 2016-04-06 | Ceased 2018-03-16 |
| Mr Neville Smith | Individual | significant-influence-or-control-as-trust | 2016-04-06 | Ceased 2018-03-16 |
| Mr David James Ellis | Individual | significant-influence-or-control-as-trust | 2016-04-06 | Ceased 2018-03-16 |
| Mr Paul Treagust | Individual | significant-influence-or-control-as-trust | 2016-04-06 | Ceased 2018-03-16 |
| Mr Mark Shepherd | Individual | significant-influence-or-control-as-trust | 2016-04-06 | Ceased 2018-03-16 |
| Portsmouth Water Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 183 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-30 RESOLUTIONS Resolution
- 2025-10-30 MA Memorandum articles
- 2023-08-02 RESOLUTIONS Resolution
- 2023-03-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-30 | MA | incorporation | Memorandum articles | |
| 2025-10-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-07-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-19 | AA | accounts | Accounts with accounts type full | |
| 2024-07-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-02 | RESOLUTIONS | resolution | Resolution | |
| 2023-07-24 | SH01 | capital | Capital allotment shares | |
| 2023-07-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-19 | AA | accounts | Accounts with accounts type full | |
| 2023-03-29 | SH01 | capital | Capital allotment shares | |
| 2023-03-17 | RESOLUTIONS | resolution | Resolution | |
| 2022-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+3.5%
£47,919,000 £49,596,000
-
Cash
+95.6%
£25,959,000 £50,775,000
-
Net assets
-0.8%
£105,708,000 £104,830,000
-
Employees
+10.7%
298 330
-
Operating profit
-18%
£8,163,000 £6,697,000
-
Profit before tax
+139.2%
-£4,348,000 £1,705,000
-
Wages
+28.9%
£12,942,000 £16,681,000
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