WEST BROMWICH COMMERCIAL LIMITED
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
—
Period ending 2026-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
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Negative shareholders' funds
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 |
|---|---|---|---|---|---|
| Net interest income | — | -£774,000 | -£71,000 | +90.8% | |
| Fee & commission income | — | £169,000 | £292,000 | +72.8% | |
| Operating income | — | -£605,000 | £221,000 | +136.5% | |
| Impairment losses | — | £7,487,000 | £3,009,000 | -59.8% | |
| Profit before tax | -£14,338,000 | -£8,745,000 | — | — | |
| Net profit | -£10,890,000 | -£5,664,000 | — | — | |
| Loans & advances to customers | — | £281,341,000 | £215,626,000 | -23.4% | |
| Customer deposits | — | — | — | — | |
| Total assets | £319,109,000 | £287,563,000 | — | — | |
| Total liabilities | £521,132,000 | £495,250,000 | £429,674,000 | -13.2% | |
| Equity | -£202,023,000 | -£207,687,000 | — | — | |
| Average employees | 0 | 0 | — | — |
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 | 0.2% | -8.9% | — | |
| Net margin | -75.3% | -39.9% | — | |
| Return on capital employed | 0.0% | -0.4% | — | |
| Gearing (liabilities / total assets) | 163.3% | 172.2% | — | |
| Interest cover | 0.00x | -0.08x | — |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Notwithstanding the net liability position, the Company's main creditor, its ultimate parent undertaking, has indicated that it will continue to support the Company for a period of at least the next 12 months from the date of approval.”
Significant events
- “Continued strategy to exit the commercial real estate sector.”
- “Stopped new lending to buy to let limited companies during the previous year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PENNELLS, Sarah Louise | Secretary | 2019-06-06 | — | — |
| PAWLEY, Alexander Shaun | Director | 2025-09-01 | Sep 1982 | British |
| WESTHOFF, Jonathan | Director | 2009-05-08 | Jul 1964 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARTLEET-CROSS, Susan Lyn | Secretary | 2009-05-08 | 2012-11-28 |
| FERRIS, James Daniel | Secretary | 2004-11-12 | 2006-02-24 |
| MANN, Ajwinder Singh | Secretary | 2012-11-28 | 2019-05-30 |
| WELCH, Simon Edward | Secretary | 2006-02-24 | 2009-02-20 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2004-11-12 | 2004-11-12 |
| CONROY, Andrew Peter | Director | 2013-06-24 | 2014-07-24 |
| COWDRILL, Gary Terence | Director | 2004-11-12 | 2009-05-08 |
| MILLER, Christopher John | Director | 2007-07-20 | 2025-08-31 |
| NIXON, Michael John | Director | 2004-11-12 | 2008-12-02 |
| SMART, Stephen John | Director | 2014-12-03 | 2017-05-04 |
| SMITH, Alan Michael | Director | 2007-02-15 | 2008-12-02 |
| SMITH, Roger David | Director | 2004-11-12 | 2008-04-16 |
| SOUTHCOTT, Peter Mallet | Director | 2009-05-08 | 2013-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Alexander Shaun Pawley | Individual | Significant influence | 2022-12-31 | Ceased 2025-08-31 |
| Mr Manjit Singh Hayre | Individual | Significant influence, Significant influence (as firm) | 2021-12-03 | Ceased 2025-08-31 |
| Mr Mahomed Ashraf Piranie | Individual | Significant influence | 2017-04-01 | Ceased 2022-12-31 |
| Mr Mark James Gibbard | Individual | Significant influence | 2016-04-06 | Ceased 2017-03-31 |
| West Bromwich Building Society | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 87 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-15 | AA | accounts | Accounts with accounts type full | |
| 2025-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2025-01-08 | AA | accounts | Accounts with accounts type full | |
| 2024-11-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-01-10 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-01-10 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-01-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-17 | AA | accounts | Accounts with accounts type full | |
| 2021-12-15 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-13 | AA | accounts | Accounts with accounts type full | |
| 2020-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.