W.G.M (ENGINEERING)LIMITED
Company number SC099834 · Monitor this company
Executive summary
W.G.M (Engineering) Limited is a long-established Scottish engineering firm with strong revenue growth (turnover of £52.7M in FY2024) and the backing of RSK Group following its October 2022 acquisition. However, the company has experienced a significant deterioration in its balance sheet position — net assets fell 41% to £5.0M and cash reserves declined to £2.1M — which may reflect acquisition-related distributions or debt assumption rather than operational failure, though this requires confirmation through detailed P&L and cash flow review. The company is rated MEDIUM risk, with the primary areas of concern being liquidity erosion, rising liabilities, and the need to assess the financial impact and integration progress of the RSK Group acquisition.
Shareholders' funds
£5,043,442
Balance sheet as at 2024-03-31
What it does
The principal activity of the company is the provision of mechanical, electrical, industrial and engineering services.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1986-06-30
- Employees
- 440 (2024 accounts · was 376 in 2023)
- Registered office
- 65 Sussex Street, Glasgow, Scotland, G41 1DX
- Postcode
- G41 1DX
- Capital
- 21 GBP
- Accounts category
- Full
- Charges
- 2 outstanding
Accounts
- Last made up to
- 2025-04-06
- Next due by
- 2026-12-31
- Financial year end
- 31 March
Confirmation statement
- Last statement dated
- 2026-09-25
- Next due by
- 2027-10-09
Nature of business (SIC)
- 25110 Manufacture of metal structures and parts of structures
- 28990 Manufacture of other special-purpose machinery not elsewhere classified
- 33200 Installation of industrial machinery and equipment
- 43999 Other specialised construction activities not elsewhere classified
Officers 7 current · 5 resigned
Group structure
Controlled by ARES MANAGEMENT LIMITED — since 2023-03-31
Controlled by RSK ENVIRONMENT LIMITED — since 2022-10-01
From persons-with-significant-control filings on the public register.
Gender pay gap
16.7%
Women's median hourly pay below men's, 2025/26 · around the middle of the pack for parity
Contact details
- Website
- wgmengineering.co.uk
- Phone
- 0141 445 8877
WGM Engineering (WGM) is a self-delivery design and build partner, supplying sustainable solutions to the water sector.
Previous registered addresses 2
| Address | Changed on |
|---|---|
| ALBION COURT WOODVILLE STREET, IBROX BUSINESS PARK, GLASGOW, G51 2RQ | 2010-01-19 |
| UNIT 1, ABBEY MILL CENTRE, SEEDHILL, PAISLEY, PA1 1TJ | 2009-11-27 |
Among its peers
Top 10%
by shareholders' funds, of 51 similar companies in G
2nd largest employer among its local peers (440 staff).
Among the oldest 25% of its local peers, trading since 1986.
No.5 of the largest manufacture of metal structures and parts of structures companies in Glasgow →
Competitors Glasgow
This company ranks 5 among manufacture of metal structures and parts of structures in Glasgow.
The class of 1986
50%
of the 18,365 companies incorporated in 1986 are still active today; 43% have since been dissolved.
A fact about the year, not a forecast for this company.
Businesses that transport or deal in waste must register with the Environment Agency. You can check this company on the official register of waste carriers, brokers and dealers.