TOWERS WATSON LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. TOWERS WATSON LIMITED 2010-03-26 → present
2. WATSON WYATT LIMITED 2005-03-22 → 2010-03-26
3. WATSON WYATT (UK) LIMITED 2005-03-01 → 2005-03-22

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having assessed the responses to their enquiries, including the current and expected impact of changes as a result of world events, the Directors have no reason to believe that a material uncertainty exists that may cast significant doubt upon the ability of the Company to continue as a going concern. As a consequence of the enquiries the Directors have a reasonable expectation that the Company has appropriate resources to continue in operational existence for a period of at least twelve months from the date of approval of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. TOWERS WATSON LIMITED · parent
   1. Towers Watson UK Limited 100% · England · In liquidation
   2. EMB Management Holdings Limited 100% · England · In liquidation
   3. Towers Watson Pension Scheme Trustees Limited 100% · England · Trustee company
   4. TXW Limited 100% · England · Trustee company
   5. Towers Watson Saudi Arabia LLC 5% · Saudi Arabia · Actuarial & consulting
   6. Actuary Online (Pty) Limited 1% · South Africa · Holding Company
   7. Towers Watson South Africa Holdings (Pty) Limited 1% · South Africa · Actuarial & consulting

Significant events

• “During the year the Company undertook the following transactions: the Company further invested into two funds Towers Watson Alternative Credit Fund and Towers Watson Global Equity Focus Fund for which market valuations are available. The cost of investment was £8.1 million (2023 £8.4 million) and is disclosed within 'other investments'. as part of a wider project to optimise and rationalise its business WTW undertook a project to centralise the ownership of its intellectual property. As part of this the Company acquired the Risk & Broking technology development operations from a fellow group company with a value of $31.2 million. On 30 June 2024 the Company transferred these operations together with its existing technology development operations and patents to a fellow group company at a value of £23.8 million.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +17%

  £577,693,000 → £675,898,000

• Cash

  -4.8%

  £4,239,000 → £4,037,000

• Net assets

  +14.9%

  £363,962,000 → £418,186,000

• Employees

  -5.3%

  3,608 → 3,418

• Operating profit

  +67.1%

  £41,849,000 → £69,942,000

• Profit before tax

  +57.5%

  £58,989,000 → £92,886,000

• Wages

  +4.7%

  £305,767,000 → £320,171,000

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