NEW SWP LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-03 (in 3mo)
Last made up 2025-07-20
Watchouts
None on the register
Cash
£76K
-60.5% vs 2024
Net assets
£3M
-1.9% vs 2024
Employees
58
-3.3% vs 2024
Profit before tax
£730K
-24% vs 2024
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £19,437,095 | £20,560,830 | |
| Operating profit | — | — | — | — | — | £1,123,312 | £894,400 | |
| Profit before tax | — | — | — | — | — | £961,019 | £729,900 | |
| Net profit | — | — | — | — | — | £719,697 | £544,843 | |
| Cash | — | — | — | — | — | £192,471 | £76,003 | |
| Total assets less current liabilities | — | — | £2,345,195 | — | £2,208,600 | £3,109,672 | £3,059,326 | |
| Net assets | — | — | — | — | — | £2,965,301 | £2,910,143 | |
| Equity | £2,197,429 | £2,464,481 | £2,345,195 | £2,283,079 | £2,208,600 | £2,965,301 | £2,910,143 | |
| Average employees | — | — | 50 | — | 57 | 60 | 58 | |
| Wages | — | — | — | — | — | £1,787,477 | £1,877,425 | |
| Directors' remuneration | — | — | — | — | — | £34,910 | £35,504 |
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
+5.8%
£19,437,095 £20,560,830
-
Cash
-60.5%
£192,471 £76,003
-
Net assets
-1.9%
£2,965,301 £2,910,143
-
Employees
-3.3%
60 58
-
Operating profit
-20.4%
£1,123,312 £894,400
-
Profit before tax
-24%
£961,019 £729,900
-
Wages
+5%
£1,787,477 £1,877,425
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 | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 5.8% | 4.4% | |
| Net margin | — | — | — | — | — | 3.7% | 2.6% | |
| Return on capital employed | — | — | — | — | — | 36.1% | 29.2% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 64.1% | 68.2% | |
| Current ratio | — | — | — | — | — | 1.56x | 1.47x | |
| Interest cover | — | — | — | — | — | 6.69x | 5.16x |
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
- Reporting scope
- Consolidated group
- Auditor
- WP Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared detailed forecasts and consider that the group has adequate financial resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from approval of these accounts. For those reasons the directors continue to adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- NEW SWP LIMITED · parent
- Specialised Welding Products Limited 100%
Significant events
- “The turnover for the group for the year ending 31 March 2025 was £20.6m, a 5.8% increase, continuing growth. The company maintained market share in a highly competitive marketplace by leveraging its extensive product range and competitive pricing. Fluctuations in foreign exchange rates, particularly the USD and Euro, have a significant impact on gross margin.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PACKER, Nicola Anne | Secretary | 2009-08-26 | — | British |
| PACKER, Jeremy David | Director | 2009-07-20 | Apr 1966 | British |
| PACKER, Nicola Anne | Director | 2010-03-01 | Aug 1967 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Jeremy David Packer | Individual | Shares 25–50% | 2016-07-21 | Active |
| Mrs Nicola Anne Packer | Individual | Shares 25–50% | 2016-07-21 | Active |
Filing timeline
Last 20 of 49 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-04 | AA | accounts | Accounts with accounts type group | |
| 2025-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-19 | AA | accounts | Accounts with accounts type group | |
| 2024-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-19 | AA | accounts | Accounts with accounts type group | |
| 2023-07-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-17 | AA | accounts | Accounts with accounts type group | |
| 2022-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-22 | AA | accounts | Accounts with accounts type group | |
| 2021-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-26 | AA | accounts | Accounts with accounts type group | |
| 2021-01-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2020-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-16 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-10-23 | CH01 | officers | Change person director company with change date | |
| 2019-10-23 | CH03 | officers | Change person secretary company with change date | |
| 2019-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-12-11 | AA | accounts | Accounts with accounts type total exemption full | |
| 2018-07-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2018-06-05 | SH02 | capital | Capital alter shares subdivision |
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.