FRESHWATER HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-04 (in 1y)
Last made up 2026-04-20
Watchouts
None on the register
Cash
£59M
+33.8% vs 2023
Net assets
£180M
+15.2% vs 2023
Employees
217
+8% vs 2023
Profit before tax
£32M
-30.4% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £258,344,476 | £315,601,682 | |
| Operating profit | £36,807,104 | £32,685,600 | |
| Profit before tax | £46,314,643 | £32,216,324 | |
| Net profit | £33,953,939 | £22,420,879 | |
| Cash | £44,127,758 | £59,052,501 | |
| Total assets less current liabilities | £159,052,632 | £189,246,491 | |
| Net assets | £155,824,629 | £179,565,173 | |
| Equity | £155,824,629 | £179,565,173 | |
| Average employees | 201 | 217 | |
| Wages | £61,033,788 | £68,513,446 |
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 | 14.2% | 10.4% | |
| Net margin | 13.1% | 7.1% | |
| Return on capital employed | 23.1% | 17.3% | |
| Gearing (liabilities / total assets) | 23.3% | 28.6% | |
| Current ratio | 3.99x | 3.64x | |
| Interest cover | 21.13x | 14082.55x |
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
- Consolidated group
- Auditor
- Fisher, Sassoon & Marks
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' 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 group's or the parent company's ability to continue as a going concern for a year of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- FRESHWATER HOLDINGS LIMITED · parent
- Dare Global Holdings Limited 77.27%
- Dare International Limited 77.27%
- FIA Property Developments Limited 100%
- Dare Global Limited 77.27%
- Dare Power Limited 77.27%
- Dare Sustainable Solutions Limited 77.27%
- Dare US LLC 77.27%
- Dare Ireland Energy Limited 77.27%
Significant events
- “On 20 February 2025, Dare Global Holdings Limited purchased 63 A Ordinary shares... for a total consideration of $9,000,000. These 63 A Ordinary shares carried one vote per share and full rights to dividends and capital distributions. Upon the return of shares to Dare Global Holdings Limited on 20 February 2025, the 63 A Ordinary shares were cancelled by Dare Global Holdings Limited.”
- “On 14 August 2025, Dare Commodities Trading Pte. Limited was incorporated under the Companies Act 1967 of the Republic of Singapore. Dare Commodities Trading Pte. Limited is a subsidiary of Dare Global Holdings Limited, which holds 100% of the issued share capital.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEGUM, Fateha | Director | 2019-09-18 | Dec 1987 | British |
| RAHMAN, Ayman | Director | 2016-04-21 | Apr 1991 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Ayman Rahman | Individual | Shares 75–100% | 2017-04-19 | Active |
Filing timeline
Last 20 of 26 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-05 | CH01 | officers | Change person director company with change date | |
| 2026-03-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-03 | AA | accounts | Accounts with accounts type group | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-02 | AA | accounts | Accounts with accounts type group | |
| 2024-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-25 | AA | accounts | Accounts with accounts type group | |
| 2023-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-08 | AA | accounts | Accounts with accounts type group | |
| 2022-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-04 | AA | accounts | Accounts with accounts type group | |
| 2021-08-09 | AA01 | accounts | Change account reference date company previous shortened | |
| 2021-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-25 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-07 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-09-19 | CH01 | officers | Change person director company with change date | |
| 2019-09-19 | AP01 | officers | Appoint person director company with name date | |
| 2019-05-01 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+22.2%
£258,344,476 £315,601,682
-
Cash
+33.8%
£44,127,758 £59,052,501
-
Net assets
+15.2%
£155,824,629 £179,565,173
-
Employees
+8%
201 217
-
Operating profit
-11.2%
£36,807,104 £32,685,600
-
Profit before tax
-30.4%
£46,314,643 £32,216,324
-
Wages
+12.3%
£61,033,788 £68,513,446
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