SWIFT ADVANCES PLC
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Cash
—
Latest balance sheet
Net assets
£23m
-10.1% lowest in 3 filed years
Employees
73
-16.1% lowest in 3 filed years
Profit before tax
—
Period ending 2026-03-31
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £4,140,000 | £2,514,000 | £1,431,000 | -43.1% | |
| Operating profit | £1,013,000 | £268,000 | -£291,000 | -208.6% | |
| Profit before tax | £5,868,000 | £4,437,000 | — | — | |
| Net profit | £5,635,000 | £3,501,000 | — | — | |
| Cash | £480,000 | £669,000 | — | — | |
| Total assets less current liabilities | £38,433,000 | £25,437,000 | — | — | |
| Net assets | £38,220,000 | £25,221,000 | — | — | |
| Equity | £38,220,000 | £25,221,000 | £22,672,000 | -10.1% | |
| Average employees | 87 | 87 | 73 | -16.1% | |
| Wages | £5,759,000 | £6,039,000 | £5,864,000 | -2.9% | |
| Directors' remuneration | £1,106,000 | £1,143,000 | £1,177,000 | +3% | |
| Directors' pension contributions | £0 | £0 | — | — | |
| Highest paid director | £639,622 | £660,549 | £680,157 | +3% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 24.5% | 10.7% | -20.3% | |
| Net margin | 136.1% | 139.3% | — | |
| Return on capital employed | 2.6% | 1.1% | — | |
| Gearing (liabilities / total assets) | 17.5% | 29.4% | — | |
| Current ratio | 4.00x | 2.04x | — | |
| Interest cover | — | — | -13.86x |
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.
Name history
Renamed 3 times since incorporation
- SWIFT ADVANCES PLC 2004-05-13 → present
- SWIFT ADVANCES LIMITED 2004-05-11 → 2004-05-13
- SWIFT ADVANCES PLC 1995-04-01 → 2004-05-11
- PURBECK HOUSE SECURITIES LIMITED 1984-03-15 → 1995-04-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The accounts have been prepared on a going concern basis. In assessing whether the going concern basis of preparation is appropriate to adopt, the Directors considered a number of factors including the Company's net asset position and financial projections.”
Group structure
- SWIFT ADVANCES PLC · parent
- Swift 1st Limited 100%
Significant events
- “On 15 September 2026, the Company purchased a portfolio of first charge buy to let secured mortgage loans to individuals with a total face value of £1.2m for a consideration of £0.35m from Oakwood Homeloans Limited”
- “On 15 April 2026, following a recent strategic review, the Kestrel Group announced a small restructuring plan... workforce has been rationalised with an associated cost of £0.1m.”
- “On 16 June 2026, the Company declared and paid a dividend of £6.6m to its shareholder.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCCONNELL, Stephen Francis | Secretary | 2014-04-25 | — | — |
| BROOKS, Amanda | Director | 2007-05-03 | May 1965 | British |
| PUNCH, Andrew Robert | Director | 2010-07-16 | Mar 1960 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARWICK, Bernard Robert | Secretary | 2009-10-30 | 2010-11-19 |
| BARWICK, Bernard Robert | Secretary | 2004-05-12 | 2007-04-30 |
| BOLLAND, David Paul | Secretary | 2010-11-19 | 2014-04-25 |
| LO, Sunny Ho Sun | Secretary | 2007-04-30 | 2008-12-18 |
| MARTIN, Montagu St.John | Secretary | 1996-12-13 | 1998-01-01 |
| MYERS, Dennis Edward | Secretary | — | 1998-01-01 |
| MYERS, Patricia Ann | Secretary | 1998-01-01 | 2004-05-12 |
| ROSENBERG, Robert Alan Joseph | Secretary | 2008-12-18 | 2009-10-30 |
| BARWICK, Bernard Robert | Director | 2004-05-06 | 2010-11-19 |
| BOLLAND, David Paul | Director | 2010-11-19 | 2014-04-25 |
| HENDERSON, Joanne | Director | 2003-08-21 | 2004-05-12 |
| INGRAM, Nigel Jeffrey Martin | Director | 2007-05-09 | 2008-10-23 |
| LO, Sunny Ho Sun | Director | 2005-05-03 | 2007-04-30 |
| MYERS, Dennis Edward | Director | — | 2004-05-12 |
| MYERS, Patricia | Director | — | 2004-05-12 |
| WEBSTER, John Alfred | Director | 2006-02-01 | 2011-08-12 |
| WOOLCOTT, Simon Nicholas Lewis | Director | 2004-05-06 | 2005-08-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kestrel 2 Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-10-08 | Active |
| Kestrel Acquistions Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2020-10-08 |
Filing timeline
Last 20 of 240 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-16 | AA | accounts | Accounts with accounts type full | |
| 2026-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-03 | AA | accounts | Accounts with accounts type full | |
| 2025-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-17 | AA | accounts | Accounts with accounts type full | |
| 2024-05-31 | AUD | auditors | Auditors resignation company | |
| 2024-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-30 | AUD | auditors | Auditors resignation company | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-27 | AA | accounts | Accounts with accounts type group | |
| 2022-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-11 | AA | accounts | Accounts with accounts type group | |
| 2021-02-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-10-23 | CH01 | officers | Change person director company with change date | |
| 2020-10-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-10-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2020-10-12 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.