WYELANDS HOLDINGS LIMITED
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Next accounts due
2025-07-31
Overdue
Confirmation statement due
2026-12-12 (in 7mo)
Last made up 2025-11-28
Watchouts
Cash
£534K
Latest balance sheet
Net assets
-£1M
Equity attributable
Employees
4
Average over period
Profit before tax
-£5M
Period ending 2023-10-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-07-31.
-
Material uncertainty over going concern
Given this position, the Directors have concluded that the basis of preparation of the financial statements should continue to be a basis other than going concern.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2023-10-31
| Metric | Trend | 2022-04-30 | 2023-10-31 |
|---|---|---|---|
| Turnover | £395,000 | £10,000 | |
| Operating profit | £414,000 | -£61,000 | |
| Profit before tax | -£12,538,000 | -£5,425,000 | |
| Net profit | -£12,561,000 | -£5,425,000 | |
| Cash | £4,874,000 | £534,000 | |
| Total assets less current liabilities | £2,837,000 | -£1,108,000 | |
| Net assets | £2,837,000 | -£1,108,000 | |
| Equity | £2,837,000 | -£1,108,000 | |
| Average employees | 18 | 4 | |
| Wages | £2,984,000 | £727,000 | |
| Directors' remuneration | £1,600,000 | £693,000 |
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
FY2022 → FY2023 · period ending 2023-10-31 vs 2022-04-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-04-30 | 2023-10-31 |
|---|---|---|---|
| Operating margin | 104.8% | — | |
| Return on capital employed | 14.6% | 5.5% | |
| Gearing (liabilities / total assets) | 49.2% | 224.6% | |
| Current ratio | 2.03x | 0.45x | |
| Interest cover | 207.00x | — |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- WYELANDS HOLDINGS LIMITED 2016-08-23 → present
- SKG FINANCIAL SERVICES LTD 2015-12-11 → 2016-08-23
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Given this position, the Directors have concluded that the basis of preparation of the financial statements should continue to be a basis other than going concern.”
Group structure
- WYELANDS HOLDINGS LIMITED · parent
- Wyelands PLC 100%
- Wyelands Property Holdings Ltd 100%
- Mallnick Holdings SA 100%
- Wyelands Property Holdings Two Ltd 100%
Significant events
- “The SWDP had commenced in March 2020 and was completed in April 2024. Following the completion of the SWDP Wyelands PLC cancelled its regulatory permissions and is no longer a regulated bank.”
- “Wyelands PLC ceased to offer lending and deposit services to new customers in 2020 as part of the decision to implement the SWDP”
- “The Bank was the subject of regulatory investigations which concluded after the PRA issued a censure notice on 4 April 2023 as a result of their investigation... This contingency is now closed and no other contingent liabilities exist at the date of signing this annual report.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOWARD, Ben | Secretary | 2018-08-03 | — | — |
| TOINTON, Kenneth Alan | Director | 2025-04-11 | Jun 1948 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GARDENER, Daniel Morgan | Secretary | 2017-05-29 | 2018-08-03 |
| HONEYBORNE, Graeme Bolton | Secretary | 2016-12-21 | 2017-05-29 |
| ADVANI, Suresh Sunder | Director | 2016-08-22 | 2018-01-23 |
| COWAN, Matthew Christian | Director | 2016-12-21 | 2017-12-01 |
| CROMPTON, John David | Director | 2018-02-19 | 2022-03-28 |
| EDDOWES, Robert James | Director | 2016-12-21 | 2017-06-30 |
| FREWER, Rachelle Ann | Director | 2021-04-15 | 2022-03-28 |
| GOMES, Ian Pierre | Director | 2016-12-21 | 2024-04-22 |
| GRENFELL, Simon James | Director | 2018-01-23 | 2019-05-08 |
| GUPTA, Sanjeev | Director | 2015-12-11 | 2016-09-01 |
| HAMBRO, George Jay, Mr. | Director | 2016-08-22 | 2021-07-03 |
| HOWLAND JACKSON, John David | Director | 2016-12-21 | 2019-05-31 |
| HUNTER, Iain Mark | Director | 2016-12-21 | 2020-11-09 |
| REID, Stephen John Kent | Director | 2017-05-23 | 2023-12-05 |
| ROSE, Stephen George | Director | 2021-04-15 | 2024-10-31 |
| SAWBRIDGE, Neil John | Director | 2018-01-23 | 2019-07-26 |
| SMITH, David John | Director | 2018-01-23 | 2022-03-28 |
| SUBRAMANIAN, Murali | Director | 2024-04-22 | 2025-04-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Skg Financial Holdings Pte Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2016-04-06 |
| Mr Sanjeev Gupta | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 81 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-04 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-09-30 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-09-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-04 | AA | accounts | Accounts with accounts type group | |
| 2024-11-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-04-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-18 | SH01 | capital | Capital allotment shares | |
| 2023-07-07 | SH01 | capital | Capital allotment shares | |
| 2023-05-31 | SH01 | capital | Capital allotment shares | |
| 2023-05-04 | AA | accounts | Accounts with accounts type group | |
| 2023-05-03 | AA01 | accounts | Change account reference date company current extended |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.