SANDWELL FUTURES LIMITED
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Next accounts due
2027-06-30 (in 1y)
Last filed for 2025-09-30
Confirmation statement due
2026-06-13 (in 1mo)
Last made up 2025-05-30
Watchouts
None on the register
Cash
£8M
-11.5% lowest in 4 filed years
Net assets
£25K
+186.2% first positive since 2024
Employees
0
Average over period
Profit before tax
£56K
+275% first positive since 2024
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2025-09-30
| Metric | Trend | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|
| Turnover | — | — | £8,670,000 | £8,894,000 | |
| Operating profit | — | — | -£79,000 | £56,000 | |
| Profit before tax | £6,000 | £849,000 | -£32,000 | £56,000 | |
| Net profit | £5,000 | £659,000 | -£38,000 | £54,000 | |
| Cash | £9,597,000 | £8,654,000 | £8,726,000 | £7,722,000 | |
| Total assets less current liabilities | £887,000 | £524,000 | £486,000 | £543,000 | |
| Net assets | £364,000 | £9,000 | -£29,000 | £25,000 | |
| Equity | £364,000 | £9,000 | -£29,000 | £25,000 | |
| Average employees | — | — | 0 | 0 | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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 2025-09-30 vs 2024-09-30
-
Turnover
+2.6%
£8,670,000 £8,894,000
-
Cash
-11.5%
£8,726,000 £7,722,000
lowest in 4 filed years
-
Net assets
+186.2%
-£29,000 £25,000
first positive since 2024
-
Employees
—
Not reported
-
Operating profit
+170.9%
-£79,000 £56,000
-
Profit before tax
+275%
-£32,000 £56,000
first positive since 2024
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 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|
| Operating margin | — | — | -0.9% | 0.6% | |
| Net margin | — | — | -0.4% | 0.6% | |
| Return on capital employed | — | — | -16.3% | 10.3% | |
| Current ratio | — | — | 1.05x | 1.06x | |
| Interest cover | — | — | -1.04x | 0.65x |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reviewed the forecast for future cashflows of the company covering at least twelve months from the date of approval of these financial statements which indicate that the company will have sufficient funds to meet its liabilities as they fall due for that period. Those forecasts are dependent on the underlying customer continuing to meet its obligations under the Project Agreement and Directors expect these amounts to be received in downside scenarios. As a result, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- SANDWELL FUTURES LIMITED · parent
- Environments for Learning Sandwell PFI Holdco One Limited 10%
- Environments for Learning Sandwell PFI One Limited 10%
Significant events
- “The Strategic Partnering Agreement with Sandwell Metropolitan Borough Council ("the Council") came to an end in July 2019. This only affects the exclusivity to future secondary school construction projects. The Company will continue to run a number of educational establishments and provide management services to these and to Environments for Learning Sandwell PFI One Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 43 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RESOLIS LIMITED | Corporate Secretary | 2022-03-03 | — | — |
| GORDON, John Stephen | Director | 2015-11-01 | Dec 1962 | British |
| HEPBURN, Paul Robert, Mr. | Director | 2022-01-24 | Apr 1969 | British |
| MARSH, Colin John | Director | 2019-08-01 | Feb 1964 | British |
| MCGHEE, Steven John | Director | 2025-08-25 | Oct 1983 | British |
Show 43 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KEEN, Richard | Secretary | 2014-09-12 | 2018-05-18 |
| RAPLEY, Wendy Lisa, Mrs. | Secretary | 2019-06-06 | 2022-03-03 |
| SMERDON, Leigh | Secretary | 2009-06-17 | 2014-09-11 |
| ALCOCK, Robert James, Mr. | Director | 2021-11-01 | 2022-12-20 |
| ANDREWS, Kay Trudie | Director | 2009-07-28 | 2015-06-11 |
| ANDREWS, Paul Simon | Director | 2014-01-24 | 2014-04-04 |
| BLANCHARD, David Graham | Director | 2012-08-01 | 2013-06-27 |
| BLANCHARD, David Graham | Director | 2009-07-28 | 2009-09-17 |
| BOLISTER, Kerry Anne | Director | 2011-09-14 | 2016-09-07 |
| BOYD-CLARKE, Marie | Director | 2009-06-17 | 2011-07-14 |
| BRITTON, Jan | Director | 2010-02-18 | 2011-01-13 |
| CLAPP, Andrew David | Director | 2017-09-01 | 2018-07-04 |
| CLAPP, Andrew David, Mr. | Director | 2014-04-04 | 2017-09-01 |
| CUNNINGHAM, Kevin Alistair | Director | 2020-06-04 | 2025-08-25 |
| DUDLEY, Sarah Melanie | Director | 2011-01-13 | 2016-10-03 |
| DUDLEY, Sarah Melanie | Director | 2009-06-17 | 2010-02-18 |
| ENGLISH, Nick Stuart | Director | 2011-09-14 | 2012-08-01 |
| FALERO, Louis Javier | Director | 2011-09-14 | 2013-03-18 |
| FIELD, Christopher Richard | Director | 2013-09-12 | 2022-01-07 |
| GUEST, Andrew Jonathan, Mr. | Director | 2011-09-14 | 2017-05-12 |
| HACKWELL, Katrina Ann | Director | 2017-05-08 | 2021-09-21 |
| HARRIS, John David | Director | 2013-03-18 | 2015-10-19 |
| HOILE, Richard David | Director | 2009-06-17 | 2011-08-12 |
| JOHNSTONE, Peter Kenneth | Director | 2015-11-01 | 2020-06-04 |
| JONES, David Richard | Director | 2013-06-28 | 2014-01-24 |
| JONES, Stephen Michael | Director | 2009-07-28 | 2009-08-12 |
| LOMAS, David James | Director | 2009-06-17 | 2010-09-16 |
| MALLION, Stephen John | Director | 2015-06-11 | 2019-03-31 |
| MATTHEWS, Andrew | Director | 2009-07-28 | 2011-09-14 |
| MCDONAGH, John | Director | 2013-03-18 | 2017-09-01 |
| MINDENHALL, Charles Stuart | Director | 2009-06-17 | 2012-05-10 |
| MUIRHEAD, Nigel David | Director | 2012-05-10 | 2021-10-31 |
| PEAT, Mark Thomas Francis, Mr. | Director | 2012-05-10 | 2015-05-11 |
| PRIDAY, Mark Frederick | Director | 2009-08-12 | 2012-05-10 |
| RAYNER, Nigel Paul, Mr. | Director | 2017-05-12 | 2021-09-21 |
| SMITH, Anthony Glen | Director | 2009-07-28 | 2017-05-08 |
| STEVENS, David John, Mr. | Director | 2017-06-08 | 2019-08-01 |
| SUMMERS, Brian, Mr. | Director | 2010-06-17 | 2019-12-31 |
| SUTTON, John Barrie | Director | 2010-02-18 | 2010-12-16 |
| TEMPLETON, Matthew | Director | 2018-10-01 | 2021-01-19 |
| VINCE, Robert David | Director | 2009-06-17 | 2013-09-12 |
| WADDINGTON, Adam George | Director | 2011-09-14 | 2013-04-22 |
| BEIF II CORPORATE SERVICES LIMITED | Corporate Director | 2010-11-18 | 2013-03-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Environments For Learning Sandwell Psp Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 157 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | AA | accounts | Accounts with accounts type full | |
| 2025-08-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-25 | AA | accounts | Accounts with accounts type full | |
| 2024-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-13 | AA | accounts | Accounts with accounts type full | |
| 2023-10-02 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-07-14 | AA | accounts | Accounts with accounts type small | |
| 2023-05-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-04-12 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-01-04 | AA | accounts | Accounts with accounts type full | |
| 2022-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-16 | DISS40 | gazette | Gazette filings brought up to date | |
| 2022-11-29 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-27 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2022-04-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-02-28 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.