WATERSTONS LIMITED

• ◆

  3 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

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Ryecroft Glenton

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 30 June 2025 the Group reported a loss before tax of £398,076, net current assets of £3,244,669 and net assets of £3,534,886, including cash of £2,340,469. The loss for the year is driven mainly by exceptional costs in the year as detailed in notes 5 and 9. The directors have prepared forecasts for the next 12 months which show that the group should be able to continue to operate within its current facilities. Accordingly, at the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. WATERSTONS LIMITED · parent
   1. Liddon Services Limited 100% · England
   2. Waterstons Pty Limited 100% · Australia

Significant events

• “This year, as a group we experienced a year of consolidation as we maintained revenue of £28m. During the year we incurred a number of exceptional costs in both the UK and Australia, which after adjusting for these, saw the group report an operating profit of £259k, compared to an operating loss of £80k in the previous year, on a like for like basis. We continued to invest in our Australian subsidiary which remained loss making, although the level of these losses continued to reduce. The Australian subsidiary remains a key component of our strategy, and we are confident that the changes made to its management team in the year will ensure we continue to deliver a high-quality service to our customers across the globe.”

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

Filings

16

last 12 months

Capital events

4

last 24 months

Officers appointed

1

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

  —

  Not reported

• Cash

  +112.4%

  £1,094,692 → £2,325,407

• Net assets

  —

  Not reported

• Employees

  -1.5%

  271 → 267

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