WEST BROMWICH COMMERCIAL LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-11-26 (in 6mo)
Last made up 2025-11-12
Watchouts
Cash
—
Latest balance sheet
Net assets
-£208M
-2.8% vs 2024
Employees
0
Average over period
Profit before tax
-£9M
+39% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £14,470,000 | £14,199,000 | |
| Operating profit | £23,000 | -£1,258,000 | |
| Profit before tax | -£14,338,000 | -£8,745,000 | |
| Net profit | -£10,890,000 | -£5,664,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £318,899,000 | £287,485,000 | |
| Net assets | -£202,023,000 | -£207,687,000 | |
| Equity | -£202,023,000 | -£207,687,000 | |
| Average employees | 0 | 0 | |
| Wages | £0 | £0 | |
| Directors' remuneration | £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. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-1.9%
£14,470,000 £14,199,000
-
Cash
—
Not reported
-
Net assets
-2.8%
-£202,023,000 -£207,687,000
-
Employees
—
Not reported
-
Operating profit
-5,569.6%
£23,000 -£1,258,000
-
Profit before tax
+39%
-£14,338,000 -£8,745,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| 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% | |
| Current ratio | 785.28x | 2188.50x | |
| 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. The financial statements have therefore been prepared on a going concern basis.”
Significant events
- “Following redemption of the final loans in the structure in the previous financial year, a special resolution to wind up Sandwell Commercial Finance No. 1 Plc was filed during the year ended 31 March 2025.”
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-or-control-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 86 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2020-06-26 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.