WATERDANCE LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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 102

Reporting scope

Standalone (parent only)

Auditor

Albert Goodman LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Group structure

1. WATERDANCE LIMITED · parent
   1. Waterdance Trading Limited 100% · England and Wales · commenced trading in the year to 31 March 2026

Significant events

• “During the year, the Directors have continued to invest in the business through the following initiatives: Renewal and diversification of the fleet with the acquisition of two new multi-purpose scallop / beam trawlers and the disposal of two single-purpose stern trawlers. Strategic purchasing of licences and quota. Extensive annual repairs and renewals throughout the fleet. Improvements in fuel efficiency through engine and propeller upgrades. Continued focus on securing skilled work visas for foreign crew, in place of transit visas, due to the benefits to the individuals.”
• “On 12 June 2025, Waterdance Trading Limited, a wholly owned subsidiary of Waterdance Limited, was incorporated and has commenced trading in the year to 31 March 2026.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -2.1%

  £33,469,000 → £32,766,000

• Cash

  -60.9%

  £2,790,000 → £1,092,000

• Net assets

  -8.5%

  £15,161,000 → £13,869,000

• Employees

  +51.6%

  31 → 47

• Operating profit

  -78.7%

  £3,444,000 → £732,000

• Profit before tax

  -132.9%

  £1,960,000 → -£645,000

• Wages

  -13.6%

  £1,225,000 → £1,059,000

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