ESWL LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-23 (in 2mo)
Last made up 2025-07-09
Watchouts
None on the register
Cash
£490K
-38.8% vs 2024
Net assets
£1M
+12.6% highest in 6 filed years
Employees
46
+17.9% highest in 6 filed years
Profit before tax
£913K
-24.3% lowest in 3 filed years
Name history
Renamed 2 times since incorporation
- ESWL LIMITED 2018-02-22 → present
- ELECTRICAL SOLUTIONS WORLDWIDE LIMITED 2010-03-23 → 2018-02-22
- ELECTRICAL SOLUTIONS WORLWIDE LIMITED 2010-03-15 → 2010-03-23
Net assets
8-year trend · vs Industrials median
Accounts
8-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £18,819,873 | — | £30,203,271 | £31,233,735 | |
| Operating profit | — | — | — | — | £1,115,275 | — | £1,343,215 | £1,058,736 | |
| Profit before tax | — | — | — | — | £1,018,505 | — | £1,206,777 | £912,993 | |
| Net profit | — | — | — | — | £786,772 | — | £862,020 | £662,877 | |
| Cash | £404,748 | £631,461 | £321,363 | — | £271,377 | — | £800,444 | £489,727 | |
| Total assets less current liabilities | £1,205,907 | £1,497,236 | £1,548,336 | — | £1,091,548 | — | £1,372,268 | £1,454,639 | |
| Net assets | £1,205,907 | £1,192,593 | £1,290,018 | — | £881,790 | — | £1,235,802 | £1,391,391 | |
| Equity | £1,205,907 | £1,192,593 | £1,290,018 | £1,290,018 | £881,790 | £881,790 | £1,235,802 | £1,391,391 | |
| Average employees | 11 | 11 | 16 | — | 33 | — | 39 | 46 | |
| Wages | — | — | — | — | £1,125,395 | — | £1,754,406 | £1,997,413 |
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 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 5.9% | — | 4.4% | 3.4% | |
| Net margin | — | — | — | — | 4.2% | — | 2.9% | 2.1% | |
| Return on capital employed | — | — | — | — | 102.2% | — | 97.9% | 72.8% | |
| Interest cover | — | — | — | — | 57.44x | — | 8.21x | 6.06x |
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
- AAB Audit & Accountancy Limited
- 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 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
- ESWL LIMITED · parent
- ESWL Americas Inc 100%
- ESWL (Norway) AS 100%
Significant events
- “This year has seen a focus on strengthening client relationships, building a global supply chain, training and developing our workforce complemented by strategic recruitment in key positions. This investment along with our ever expanding service and product offering means ESWL is well placed to maintain and build long-term partnerships whilst also exploring new opportunities both in the UK and in overseas markets.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOUGARY, Emma | Secretary | 2014-12-31 | — | — |
| DOUGARY, Emma Louise | Director | 2023-04-21 | Apr 1984 | British |
| DOUGARY, Iain Jonathan | Director | 2012-10-01 | Mar 1983 | Scottish |
| MCDERMID, Tony Graham | Director | 2025-03-10 | Nov 1989 | Scottish |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GILL, Richard | Secretary | 2014-09-01 | 2014-12-31 |
| BIRNIE, Gavin James | Director | 2023-04-21 | 2024-09-13 |
| FRASER, Colin Lewis Robertson | Director | 2010-03-15 | 2022-04-28 |
| GILL, Richard | Director | 2010-03-15 | 2014-09-09 |
| GRAY, James | Director | 2012-10-01 | 2017-12-28 |
| MCMURRAY, Brian John | Director | 2025-03-10 | 2026-04-30 |
| SELBIE, Mark James | Director | 2024-09-23 | 2025-07-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Eswl (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-12-28 | Active |
| Mr Colin Lewis Robertson Fraser | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-12-28 |
| Mr Iain Jonathan Dougary | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-12-28 |
Filing timeline
Last 20 of 76 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-08-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-19 | AA | accounts | Accounts with accounts type full | |
| 2024-09-24 | CH01 | officers | Change person director company with change date | |
| 2024-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-20 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-23 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2023-02-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-02-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-02-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-11-28 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+3.4%
£30,203,271 £31,233,735
highest in 3 filed years
-
Cash
-38.8%
£800,444 £489,727
-
Net assets
+12.6%
£1,235,802 £1,391,391
highest in 6 filed years
-
Employees
+17.9%
39 46
highest in 6 filed years
-
Operating profit
-21.2%
£1,343,215 £1,058,736
lowest in 3 filed years
-
Profit before tax
-24.3%
£1,206,777 £912,993
lowest in 3 filed years
-
Wages
+13.9%
£1,754,406 £1,997,413
highest in 3 filed years
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