BSW TIMBER LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-15 (in 8mo)
Last made up 2026-01-01
Watchouts
None on the register
Cash
£19M
-65.7% vs 2023
Net assets
£282M
-1.6% vs 2023
Employees
2,710
-9% vs 2023
Profit before tax
£3M
-66.8% vs 2023
Name history
Renamed 3 times since incorporation
- BSW TIMBER LIMITED 2008-11-26 → present
- BSW TIMBER PLC 1988-03-31 → 2008-11-26
- LOWDON LIMITED 1988-03-23 → 1988-03-31
- UNIQUEPAST LIMITED 1988-01-26 → 1988-03-23
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £747,932,000 | £706,027,000 | |
| Operating profit | £23,898,000 | £14,085,000 | |
| Profit before tax | £9,442,000 | £3,131,000 | |
| Net profit | £1,076,000 | -£751,000 | |
| Cash | £54,166,000 | £18,567,000 | |
| Total assets less current liabilities | £475,485,000 | £409,567,000 | |
| Net assets | £287,106,000 | £282,369,000 | |
| Equity | £287,106,000 | £282,369,000 | |
| Average employees | 2,978 | 2,710 | |
| Wages | £102,597,000 | £97,615,000 |
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 | 3.2% | 2.0% | |
| Net margin | 0.1% | -0.1% | |
| Return on capital employed | 5.0% | 3.4% | |
| Current ratio | 1.43x | 1.12x | |
| Interest cover | 1.42x | 0.89x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 and the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- BSW TIMBER LIMITED · parent
- BSW Sawmills Ltd 100%
- BSW Latvia Sia 100%
- Tilhill Forestry Ltd 100%
- BSW Timber Solutions Ltd 100%
- Bayram Timber Ltd 100%
- Scott Timber Ltd 100%
- Pallet Loop Ltd 100%
- Palesu Kompanija 100%
- Scott Group Investments Ltd 100%
- Pallet 2 Packaging Ltd 100%
- Howie Forest Products Ltd 100%
- BSW Energy Ltd 100%
- Indian Pension Scheme Propco Ltd 100%
- BSW Forestry Ltd 100%
- BSW Harvesting Ltd 70%
- BSW SI D.O.O 100%
- DB Holdco Ltd 100%
- Dick Brothers Forestry Ltd 100%
- DB Harvesting Services Ltd 100%
- Maelor Forest Nurseries Holdings Ltd 100%
- Maelor Forest Nurseries Ltd 100%
- Forest Seed Orchard Ltd 100%
- Maelor Scotland Forest Nurseries Ltd 100%
- BSW Timber Systems Ltd 100%
- Scott ELM Ltd 51%
- SGIL Loop Investments Ltd 100%
- Scott Packaging Ltd 100%
- Combine Pallet Co. Ltd 100%
- Hambrook Pallets Ltd 100%
- HLC (Wood Products) Ltd 100%
- Marlaw Pallet Services Ltd 100%
- Scott Group Ltd 100%
- SGIL GH Ltd 100%
- SGIL HS Holdings Ltd 100%
- SGIL HS Ltd 100%
- Whirlowdale Trading Co Ltd 100%
- Williams Pallet Services Ltd 100%
- Pallet Logistics Ltd 100%
Significant events
- “The Group invested in operations and business consolidations, to position itself to deliver a strong performance in 2025.”
- “in 2024, the Group established the BSW Community Support Committee.”
- “On 8 January 2024, Group company, Scott Group Investments Limited, acquired the remaining 50% share capital of SGIL Loop Investments Limited, and on the same date, acquired the remaining 50% of the share capital of Pallet Loop Limited, for an initial combined consideration of £5,041,000, excluding deal fees and expenses.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BINDER, Reinhard | Director | 2022-01-05 | Sep 1954 | Austrian |
| DÜNSER, Gebhard | Director | 2022-01-05 | Dec 1964 | Austrian |
| MILNE, Alan Graham | Director | 2018-04-01 | Nov 1982 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRIFFITHS, David Roger | Secretary | 1993-08-31 | 2008-12-04 |
| JONES, Howard Jeremy | Secretary | 2008-12-04 | 2018-05-27 |
| MILNE, Alan Graham | Secretary | 2018-05-27 | 2024-02-21 |
| SANDERSON, Archibald Henderson | Secretary | — | 1993-08-31 |
| BALFOUR, David James | Director | 1997-01-24 | 2001-05-31 |
| BARHAM, Paul Anthony | Director | 2002-03-27 | 2008-10-31 |
| BROWNLIE, Ada Mary Maude | Director | 2017-01-14 | 2020-02-18 |
| BROWNLIE, Alexander George | Director | 2006-01-01 | 2018-12-11 |
| BROWNLIE, Alexander John | Director | — | 2018-03-16 |
| BROWNLIE, John Mckittrick | Director | — | 2019-03-01 |
| BROWNLIE, Sarah Evelyn | Director | 2018-04-16 | 2020-02-18 |
| BURD, Christopher John Skidmore | Director | — | 1995-06-01 |
| GALE, Martin Frank | Director | 1998-01-30 | 2020-02-18 |
| GRIFFITHS, David Roger | Director | — | 2008-12-04 |
| HACKNEY, Anthony Malcolm | Director | 2008-11-01 | 2024-03-31 |
| HAMMOND, John Harris | Director | 2000-07-11 | 2020-02-18 |
| HAYES, Michael Hugh | Director | 1995-04-03 | 1997-11-03 |
| JONES, Howard Jeremy | Director | 2008-12-04 | 2018-04-01 |
| LYDEN, John Kevin | Director | — | 1998-01-30 |
| MACLEAN, Robert William | Director | 2023-08-10 | 2024-02-14 |
| MARSH, Paul Charles | Director | 1994-11-01 | 1999-03-31 |
| MCGILL, Lewis Sinclair | Director | 1991-08-08 | 2002-03-27 |
| MCROBBIE, George Murray | Director | 2017-10-25 | 2020-09-08 |
| MENNINGA, Anita | Director | 2000-05-12 | 2006-06-09 |
| OXNARD, Michael Douglas | Director | — | 1996-09-13 |
| SANDERSON, Archibald Henderson | Director | — | 1993-08-31 |
| SMITH, Andrew Hamish | Director | 2002-01-03 | 2012-06-29 |
| SMITH, Thomas Neil Mckellar | Director | 2002-01-03 | 2003-09-30 |
| VAN REENEN, Gijs | Director | — | 2000-10-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| West Moorland 100 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-02-18 | Active |
Filing timeline
Last 20 of 248 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-12-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-27 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-12-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-08-05 | CH01 | officers | Change person director company with change date | |
| 2025-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-05 | AA | accounts | Accounts with accounts type group | |
| 2024-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-13 | AA | accounts | Accounts with accounts type group | |
| 2023-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-22 | RESOLUTIONS | resolution | Resolution | |
| 2022-12-13 | SH01 | capital | Capital allotment shares | |
| 2022-09-16 | AA | accounts | Accounts with accounts type group | |
| 2022-03-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-03-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-03-24 | MR04 | mortgage | Mortgage satisfy charge full |
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
-5.6%
£747,932,000 £706,027,000
-
Cash
-65.7%
£54,166,000 £18,567,000
-
Net assets
-1.6%
£287,106,000 £282,369,000
-
Employees
-9%
2,978 2,710
-
Operating profit
-41.1%
£23,898,000 £14,085,000
-
Profit before tax
-66.8%
£9,442,000 £3,131,000
-
Wages
-4.9%
£102,597,000 £97,615,000
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