SILTBUSTER LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-14 (in 11mo)
Last made up 2026-03-31
Watchouts
None on the register
Cash
£2M
+26.2% vs 2023
Net assets
£28M
+29.2% vs 2023
Employees
98
+11.4% vs 2023
Profit before tax
£19M
+36.9% vs 2023
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £31,860,000 | £41,910,000 | |
| Operating profit | £13,585,000 | £18,610,000 | |
| Profit before tax | £13,589,000 | £18,610,000 | |
| Net profit | £10,171,000 | £13,848,000 | |
| Cash | £1,966,000 | £2,482,000 | |
| Total assets less current liabilities | £23,195,000 | £29,991,000 | |
| Net assets | £21,751,000 | £28,099,000 | |
| Equity | £21,751,000 | £28,099,000 | |
| Average employees | 88 | 98 | |
| Wages | £3,828,000 | £4,447,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 42.6% | 44.4% | |
| Net margin | 31.9% | 33.0% | |
| Return on capital employed | 58.6% | 62.1% | |
| Current ratio | 1.38x | 1.33x |
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
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have produced detailed forecasts for the company and also the wider Workdry International Topco Limited group, covering the period to 31 December 2026. These include an assessment of covenant compliance in relation to external bank facilities in Workdry International Bidco Limited. These demonstrate that the group and company have sufficient facilities in place and a significant level of headroom in relation to the bank covenants for at least 12 months from the approval of the financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- SILTBUSTER LIMITED · parent
- Siltbuster Process Solutions Limited 100%
- MCG Consultancy Services Limited 100%
Significant events
- “There are no adjusting or un-adjusting post balance sheet events.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GREENWOOD, Michael Frank | Director | 2024-11-11 | Aug 1965 | British |
| LEE, Daniel | Director | 2024-04-09 | Dec 1986 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COULTON, Caroline Louise | Secretary | 2003-04-16 | 2010-06-30 |
| SEVERNSIDE SECRETARIAL LIMITED | Corporate Nominee Secretary | 2003-04-16 | 2003-04-16 |
| ANDERSON, David George Stinson | Director | 2004-07-01 | 2018-01-26 |
| APPS, Nigel Mark | Director | 2018-01-26 | 2024-01-31 |
| BOX, Susan Karen | Director | 2008-07-01 | 2019-01-26 |
| BRIGHT, Russell Steven | Director | 2016-07-01 | 2017-06-30 |
| BROWN, Richard | Director | 2019-10-31 | 2024-04-14 |
| COULTON, Richard Henry, Dr | Director | 2003-04-16 | 2019-08-13 |
| FROGGATT, Eric Charles | Director | 2003-04-16 | 2010-10-31 |
| GARRETT, Christopher Mark | Director | 2018-01-26 | 2019-10-31 |
| MATTHEWS, Richard | Director | 2019-10-31 | 2026-03-09 |
| SEVERNSIDE NOMINEES LIMITED | Corporate Nominee Director | 2003-04-16 | 2003-04-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Workdry International Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-01-26 | Active |
| Dr Richard Henry Coulton | Individual | Shares 25–50% | 2016-04-06 | Ceased 2018-01-26 |
Filing timeline
Last 20 of 130 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-25 RESOLUTIONS Resolution
- 2025-07-24 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-02 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-05 | AA | accounts | Accounts with accounts type full | |
| 2025-08-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-25 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-24 | MA | incorporation | Memorandum articles | |
| 2025-04-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-07 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-04-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-11 | AA | accounts | Accounts with accounts type full | |
| 2024-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-12 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+31.5%
£31,860,000 £41,910,000
-
Cash
+26.2%
£1,966,000 £2,482,000
-
Net assets
+29.2%
£21,751,000 £28,099,000
-
Employees
+11.4%
88 98
-
Operating profit
+37%
£13,585,000 £18,610,000
-
Profit before tax
+36.9%
£13,589,000 £18,610,000
-
Wages
+16.2%
£3,828,000 £4,447,000
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