WATERROWER (UK) LTD.
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-03-18 (in 10mo)
Last made up 2026-03-04
Watchouts
None on the register
Cash
£11M
-4.1% lowest in 5 filed years
Net assets
£12M
-0.2% vs 2024
Employees
15
-16.7% vs 2024
Profit before tax
-£156K
+50.3% vs 2024
Name history
Renamed 1 time since incorporation
- WATERROWER (UK) LTD. 1992-08-26 → present
- ZEPHYR DISCOVERY LTD. 1991-03-27 → 1992-08-26
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £6,855,290 | — | — | £3,317,613 | £4,312,083 | |
| Operating profit | — | — | £2,771,580 | — | — | -£299,623 | -£139,277 | |
| Profit before tax | — | — | £2,726,702 | £3,336,242 | £345,779 | -£314,287 | -£156,346 | |
| Net profit | — | — | £2,205,332 | — | £371,739 | -£268,883 | -£25,170 | |
| Cash | — | — | £18,534,535 | £19,124,646 | £17,100,761 | £11,040,668 | £10,587,143 | |
| Total assets less current liabilities | — | — | £9,530,406 | £12,228,143 | £12,616,511 | £12,399,001 | £12,297,696 | |
| Net assets | — | — | £9,503,481 | £12,199,375 | £12,571,114 | £12,302,231 | £12,277,061 | |
| Equity | £5,789,094 | £7,298,149 | £9,503,481 | £12,199,375 | £12,571,114 | £12,302,231 | £12,277,061 | |
| Average employees | — | — | 11 | 13 | 15 | 18 | 15 | |
| Wages | — | — | £614,628 | £574,348 | £496,634 | £551,871 | £584,843 |
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 | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 40.4% | — | — | -9.0% | -3.2% | |
| Net margin | — | — | 32.2% | — | — | -8.1% | -0.6% | |
| Return on capital employed | — | — | 29.1% | — | — | -2.4% | -1.1% | |
| Current ratio | — | — | — | — | — | 2.75x | 3.87x | |
| Interest cover | — | — | 56.41x | — | — | -3.47x | -1.58x |
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
- PK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As at 31 March 2025, the net asset position was strong. The company's directors are of the opinion that the company and its group will continue to possess the ability to meet their financial obligations as they fall due and therefore consider it appropriate to prepare the financial statements on the going concern basis.”
Group structure
- WATERROWER (UK) LTD. · parent
- Waterrower Inc 100%
Significant events
- “During the year ended 31 March 2025, the company operated in a challenging economic environment. Trading conditions during the year were affected by persistent inflationary pressures, increased input and operating costs, the introduction of tariffs, and broader global trade adjustments, together with ongoing geopolitical uncertainty arising from the war in Ukraine.”
- “Challenging economic conditions are expected to remain challenging, shaped by persistent inflation, elevated interest rates, and global uncertainties. Inflationary pressures, though projected to moderate, could still weigh on consumer spending and business costs.”
- “The company's subsidiary Waterrower Inc is subject to a legal claim alleging copyright infringement, which also extends to the company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARMSTRONG, Jason | Secretary | 2008-03-11 | — | British |
| DUGGAN, Benjamin Joseph | Director | 2019-03-27 | Dec 1987 | British |
| KING, Peter Vincent | Director | 1994-04-29 | Sep 1962 | Australian |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BATESON-PERRIN, Kenneth Horace | Secretary | — | 1993-08-13 |
| CACCIA, Alexander Orlando Harold | Secretary | 1993-10-16 | 1994-03-14 |
| KING, Peter Vincent | Secretary | 1994-03-14 | 2008-03-11 |
| CHETTLEBURGH INTERNATIONAL LIMITED | Corporate Nominee Secretary | 1991-03-27 | 1991-03-27 |
| CACCIA, Alexander Orlando Harold, Mr. | Director | 1991-03-27 | 2007-02-01 |
| FLOBECK, Rick | Director | 1997-10-16 | 1999-04-01 |
| HICHENS, Antony Peverell | Director | 2002-05-15 | 2007-02-01 |
| MACMILLAN, David Maurice Benjamin | Director | 1999-03-02 | 2007-02-01 |
| MONTAGU, Orlando William, The Hon | Director | 1991-03-27 | 1994-01-19 |
| NERCESSIAN, Antony | Director | 2008-03-11 | 2013-12-31 |
| SPENCE, George Patrick | Director | 1991-03-27 | 1991-12-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter Vincent King | Individual | ownership-of-shares-75-to-100-percent-as-firm | 2016-04-06 | Active |
Filing timeline
Last 20 of 155 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-30 | AA | accounts | Accounts with accounts type full | |
| 2025-03-27 | CH01 | officers | Change person director company with change date | |
| 2025-03-27 | CH01 | officers | Change person director company with change date | |
| 2025-03-27 | CH03 | officers | Change person secretary company with change date | |
| 2025-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-30 | AA | accounts | Accounts with accounts type full | |
| 2024-07-29 | CH01 | officers | Change person director company with change date | |
| 2024-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-19 | AA | accounts | Accounts with accounts type full | |
| 2023-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-22 | AA | accounts | Accounts with accounts type full | |
| 2022-11-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-31 | AA | accounts | Accounts with accounts type full | |
| 2021-04-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-31 | AA | accounts | Accounts with accounts type full | |
| 2021-03-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-01-06 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
+30%
£3,317,613 £4,312,083
-
Cash
-4.1%
£11,040,668 £10,587,143
lowest in 5 filed years
-
Net assets
-0.2%
£12,302,231 £12,277,061
-
Employees
-16.7%
18 15
-
Operating profit
+53.5%
-£299,623 -£139,277
-
Profit before tax
+50.3%
-£314,287 -£156,346
-
Wages
+6%
£551,871 £584,843
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