WESSEX ADVANCED SWITCHING PRODUCTS LIMITED
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Cash
£1.2m
+126.8% highest in 3 filed years
Net assets
£17m
+33.2% highest in 3 filed years
Employees
117
+5.4% highest in 3 filed years
Profit before tax
£4.4m
-3.5% vs 2024
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £14,687,523 | £19,439,174 | £24,653,858 | +26.8% | |
| Operating profit | £2,790,996 | £4,425,469 | £4,192,662 | -5.3% | |
| Profit before tax | £3,088,355 | £4,610,147 | £4,448,575 | -3.5% | |
| Net profit | £3,051,031 | £4,613,216 | £4,363,125 | -5.4% | |
| Cash | £706,713 | £509,717 | £1,155,943 | +126.8% | |
| Total assets less current liabilities | £9,213,783 | £14,001,541 | £19,004,051 | +35.7% | |
| Net assets | £8,518,508 | £13,131,724 | £17,494,849 | +33.2% | |
| Equity | £8,518,508 | £13,131,724 | £17,494,849 | +33.2% | |
| Average employees | 98 | 111 | 117 | +5.4% | |
| Wages | £3,779,864 | £4,480,172 | £4,953,971 | +10.6% | |
| Directors' remuneration | £135,863 | £137,997 | £151,805 | +10% | |
| Directors' pension contributions | £8,307 | £10,832 | £11,259 | +3.9% | |
| Highest paid director | £135,863 | £137,997 | £151,805 | +10% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 19.0% | 22.8% | 17.0% | |
| Net margin | 20.8% | 23.7% | 17.7% | |
| Return on capital employed | 30.3% | 31.6% | 22.1% | |
| Gearing (liabilities / total assets) | 24.1% | 20.1% | 18.9% | |
| Current ratio | 5.25x | 6.48x | 8.07x | |
| Interest cover | 64.34x | — | 88.89x |
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 1 time since incorporation
- WESSEX ADVANCED SWITCHING PRODUCTS LIMITED 1999-10-19 → present
- SWAP LIMITED 1999-09-20 → 1999-10-19
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In assessing the future outlook, the directors have performed cash flow forecasts and are satisfied based on those forecasts and the strong order book in place that the Company is well placed to continue trading. The cash flow forecasts indicate that the Company has adequate resources, therefore, the directors are satisfied that the Company has sufficient liquidity levels to support its continued operations for a period of at least 12 months from the date that the financial statements are approved. As a result, the directors believe it is appropriate that the going concern assumption continues to be adopted.”
Group structure
- WESSEX ADVANCED SWITCHING PRODUCTS LIMITED · parent
- SWAP (Unlimited) Limited 50%
- SWAP (One) Limited 100%
Significant events
- “The Company's activities expose it to a number of financial risks including credit risk, cash flow risk, foreign currency risk and liquidity risk.”
- “The Company's performance is strongly linked to the general state of the commercial airline industry and as such major events that adversely affect this may have an effect on the Company's future trading prospects.”
- “The Company's activities expose it primarily to the financial risks of changes in foreign currency exchange rates in particular against the US Dollar. The impact of foreign exchange rate fluctuations is monitored regularly. The risk is mitigated by foreign exchange hedges and stringent cash flow forecasting.”
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 |
|---|---|---|---|---|
| ASHKAR, Christopher Alan | Director | 2025-09-08 | Jun 1975 | American |
| LEE, Simon Robert | Director | 2017-06-13 | Nov 1968 | British |
| STRONG, Kyle Locke | Director | 2024-09-30 | Oct 1973 | American |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KLOPFENSTEIN, Vaughn Michael | Secretary | 2017-06-13 | 2018-11-26 |
| MARTYN, John Paul | Secretary | 1999-09-20 | 2014-04-12 |
| HACKWOOD SECRETARIES LIMITED | Corporate Secretary | 2014-04-12 | 2017-06-13 |
| BEECHER, Derek | Director | 1999-09-20 | 2008-01-31 |
| BUESING, Steven Jon | Director | 2018-11-26 | 2020-09-18 |
| EXTON, Wayne Robert | Director | 2014-04-12 | 2015-08-07 |
| GAY, Brian Edward | Director | 2001-03-20 | 2014-04-12 |
| KLOPFENSTEIN, Vaughn Michael | Director | 2018-08-13 | 2018-11-26 |
| MARTYN, John Paul | Director | 1999-10-18 | 2017-06-30 |
| MIDDLETON, Roy Douglas | Director | 1999-09-20 | 2017-04-27 |
| MOORE, Andrew Davis | Director | 2018-11-26 | 2024-09-30 |
| PATCH, Ryan Mark | Director | 2014-04-17 | 2017-04-13 |
| PEET, Christopher Michael | Director | 2020-09-18 | 2022-08-08 |
| PLANT, Tommy George | Director | 2015-08-10 | 2018-06-27 |
| REILLY, Deke Mortimer | Director | 2024-06-10 | 2025-09-08 |
| TAYLOR, David John | Director | 1999-10-18 | 2014-04-12 |
| WARE, Nathan Perry | Director | 2022-08-08 | 2024-06-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Be Aerospace (Uk) Europe Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 155 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-20 RESOLUTIONS Resolution
- 2025-12-20 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-26 | AA | accounts | Accounts with accounts type full | |
| 2025-12-20 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-20 | MA | incorporation | Memorandum articles | |
| 2025-12-15 | AA | accounts | Accounts with accounts type full | |
| 2025-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-05 | AA | accounts | Accounts with accounts type full | |
| 2023-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-16 | AA | accounts | Accounts with accounts type full | |
| 2022-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-13 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.