SWALE HEATING LIMITED

• ⚠

  Material uncertainty over going concern

  On 4 November 2024, the Company sold its trade and certain assets at book value to Sureserve Compliance South Limited, a fellow group undertaking (see Note 22 for further details), and consequently the Company will cease trading. The financial statements have therefore been prepared on a basis other than that of a going concern.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

• Turnover

  -1.8%

  £43,993,481 → £43,205,147

• Cash

  +176.6%

  £1,434,147 → £3,966,459

• Net assets

  +0.4%

  £3,322,799 → £3,336,851

• Employees

  -4%

  371 → 356

• Operating profit

  +3,090.3%

  £33,734 → £1,076,228

  highest in 3 filed years

• Profit before tax

  +111.2%

  £513,106 → £1,083,932

  highest in 4 filed years

• Wages

  +7.3%

  £13,226,270 → £14,192,652

  highest in 4 filed years

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

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“On 4 November 2024, the Company sold its trade and certain assets at book value to Sureserve Compliance South Limited, a fellow group undertaking (see Note 22 for further details), and consequently the Company will cease trading. The financial statements have therefore been prepared on a basis other than that of a going concern.”

Significant events

• “On 4 November 2024, Sureserve Compliance South Limited, a fellow group undertaking, purchased the trade and certain assets of the Company for a consideration of £1,941,961. This amount due will be satisfied through an intercompany loan between the Company and Sureserve Compliance South Limited which will be treated as an unsecured loan bearing interest of 12% per annum.”
• “On 4 November 2024, the Company sold its trade and certain assets at book value to Sureserve Compliance South Limited, a fellow group undertaking (see Note 22 for further details), and consequently the Company will cease trading. The financial statements have therefore been prepared on a basis other than that of a going concern.”

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

Filings

13

last 12 months

Capital events

3

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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