SWALE HEATING LIMITED
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Cash
£1.1M
-71.5% lowest in 6 filed years
Net assets
£3.7M
+9.9% highest in 6 filed years
Employees
151
-57.6% lowest in 6 filed years
Profit before tax
£138K
-87.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
We draw attention to note 2 of the financial statements, which describes the preparation of the financial statements on a non-going concern basis. As described in note 2, the Company ceased trading on 4 November 2024. The directors have therefore concluded that it is no longer appropriate to prepare the financial statements on a going concem basis.
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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Going-concern uncertainty disclosed
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £33,600,184 | £36,141,095 | £41,080,435 | £43,993,481 | £43,205,147 | £3,605,835 | -91.7% | |
| Operating profit | £357,167 | £299,875 | £83,603 | £33,734 | £1,076,228 | £140,956 | -86.9% | |
| Profit before tax | £357,186 | £253,583 | £84,216 | £513,106 | £1,083,932 | £137,980 | -87.3% | |
| Net profit | £634,230 | £259,744 | £78,555 | £347,083 | £499,052 | £331,708 | -33.5% | |
| Cash | £4,281,452 | £3,061,752 | £2,119,407 | £1,434,147 | £3,966,459 | £1,130,900 | -71.5% | |
| Total assets less current liabilities | £2,912,417 | £3,763,828 | £2,975,716 | £3,838,111 | £3,821,851 | £4,236,558 | +10.9% | |
| Net assets | £2,912,417 | £2,897,161 | £2,975,716 | £3,322,799 | £3,336,851 | £3,668,558 | +9.9% | |
| Equity | £2,912,417 | £2,897,161 | £2,975,716 | £3,322,799 | £3,336,851 | £3,668,558 | +9.9% | |
| Average employees | 337 | 328 | 359 | 371 | 356 | 151 | -57.6% | |
| Wages | £10,777,249 | £10,746,591 | £11,881,426 | £13,226,270 | £14,192,652 | £1,104,691 | -92.2% | |
| Directors' remuneration | £650,749 | £669,776 | £634,583 | £751,406 | £667,068 | £38,903 | -94.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | 1.1% | 0.8% | 0.2% | 0.1% | 2.5% | 3.9% | |
| Net margin | 1.9% | 0.7% | 0.2% | 0.8% | 1.2% | 9.2% | |
| Return on capital employed | 12.3% | 8.0% | 2.8% | 0.9% | 28.2% | 3.3% | |
| Gearing (liabilities / total assets) | — | — | — | — | 71.4% | 35.1% | |
| Current ratio | — | — | — | 1.34x | 1.46x | 3.99x | |
| Interest cover | — | — | 2.39x | 5.99x | 15.78x | 17.01x |
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
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“We draw attention to note 2 of the financial statements, which describes the preparation of the financial statements on a non-going concern basis. As described in note 2, the Company ceased trading on 4 November 2024. The directors have therefore concluded that it is no longer appropriate to prepare the financial statements on a going concem basis.”
Significant events
- “On 4 November 2024, the Company sold its trade and certain assets to Sureserve Compliance South Limited, a fellow group undertaking, and consequently the trading activities of Swale Heating Limited ceased.”
- “An ongoing contents insurance claim outstanding at 30 September 2024 was settled during the current year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MAYHILL, Geoffrey Ronald | Secretary | 2024-05-01 | — | — |
| EDWARDS, Matthew William Risden | Director | 2010-04-01 | Apr 1980 | British |
| HAWTREY, Nicholas Ralph Leo | Director | 2026-04-15 | Oct 1974 | British |
| TYDEMAN, Justin Antony James | Director | 2026-03-16 | Jul 1970 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BREWER, Steven Roger | Secretary | 1998-03-01 | 2012-09-28 |
| HANCOCK, Brian John | Secretary | — | 1994-01-11 |
| PIERSON, Ian Marsh | Secretary | 1997-01-14 | 2023-12-01 |
| THOMAS, Kevin Stuart | Secretary | 2012-10-01 | 2014-03-21 |
| WOOD, David John | Secretary | 1994-01-11 | 1997-09-20 |
| BAZIL, Robert Serioj | Director | 2019-10-01 | 2020-09-30 |
| BREWER, Steven Roger | Director | 2014-03-31 | 2017-05-26 |
| BREWER, Steven Roger | Director | 2004-08-01 | 2012-09-30 |
| DAVIS, Stuart James | Director | 2014-03-31 | 2016-04-30 |
| EDWARDS, John Paul | Director | 2024-07-01 | 2026-06-08 |
| ELLIS, Andrew Neil | Director | 2017-05-26 | 2024-10-31 |
| FINUCANE, Leslie Joseph | Director | 1997-01-14 | 2004-05-07 |
| FOTHERINGHAM, Graeme James | Director | 2014-03-31 | 2017-11-30 |
| GREENFIELD, David | Director | 2023-12-01 | 2026-03-26 |
| HANCOCK, Brian John | Director | — | 1995-04-24 |
| LEVINSOHN, Graham Austen | Director | 2023-12-01 | 2026-05-12 |
| MATHIESON, David George | Director | 2015-08-10 | 2018-01-09 |
| PIERSON, Ian Marsh | Director | — | 2023-12-01 |
| POPE, Mark David | Director | 2001-05-16 | 2024-07-03 |
| RILEY, Christopher Maurice | Director | 2004-08-01 | 2014-01-23 |
| SHERIDAN, John Spencer | Director | 2024-07-01 | 2026-01-20 |
| TRANHAM, Mark William | Director | 2019-10-01 | 2026-02-04 |
| WHITTINGTON, Peter Richard | Director | 2005-10-01 | 2015-04-23 |
| WOOD, David John | Director | 1996-02-01 | 1997-09-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Swale Heating Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-01-15 | Active |
| Mr Ian Marsh Pierson | Individual | Voting 75–100% | 2016-04-06 | Ceased 2021-01-15 |
Filing timeline
Last 20 of 228 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-03 RESOLUTIONS Resolution
- 2025-05-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-24 | AA | accounts | Accounts with accounts type full | |
| 2026-06-22 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-18 | CH01 | officers | Change person director company with change date | |
| 2026-05-14 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-26 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-04 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-04 | SH01 | capital | Capital allotment shares | |
| 2025-06-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-23 | SH20 | capital | Legacy | |
| 2025-05-23 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-05-23 | CAP-SS | insolvency | Legacy | |
| 2025-05-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-15 | AA | accounts | Accounts with accounts type full | |
| 2025-03-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-13 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 3
- Officers appointed
- 2
- Officers resigned
- 5
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.