SQW GROUP NEWCO 2018 LTD
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-09-23 (in 4mo)
Last made up 2025-09-09
Watchouts
None on the register
Cash
£3M
-21.9% vs 2024
Net assets
£2M
-22.8% vs 2024
Employees
338
+13% highest in 6 filed years
Profit before tax
£1M
+211.8% vs 2024
Net assets
10-year trend · vs Industrials median
Accounts
10-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-04-01 | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | — | £22,886,389 | £27,671,004 | |
| Operating profit | — | — | — | — | — | — | — | — | £341,890 | £1,035,062 | |
| Profit before tax | — | — | — | — | — | — | — | — | £341,701 | £1,065,309 | |
| Net profit | — | -£12,487 | — | -£4,426 | — | £418,202 | £99,632 | — | £247,656 | £779,683 | |
| Cash | — | £33,165 | — | £27,144 | — | £13,970 | £848 | — | £4,277,877 | £3,340,270 | |
| Total assets less current liabilities | — | £2,391,444 | — | £2,304,326 | — | £175,396 | £223,228 | — | £3,146,873 | £2,615,439 | |
| Net assets | — | — | — | £2,112,018 | — | £175,396 | £223,228 | — | £2,104,591 | £1,624,643 | |
| Equity | £2,119,831 | £2,116,444 | £2,116,444 | £2,112,018 | £2,096,033 | £175,396 | £223,228 | £223,228 | £2,104,591 | £1,624,643 | |
| Average employees | — | 0 | — | 0 | — | 0 | 0 | — | 299 | 338 | |
| Wages | — | — | — | — | — | — | — | — | £12,667,662 | £15,430,685 | |
| Directors' remuneration | — | — | — | — | — | — | — | — | £927,040 | £1,092,073 |
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
+20.9%
£22,886,389 £27,671,004
-
Cash
-21.9%
£4,277,877 £3,340,270
-
Net assets
-22.8%
£2,104,591 £1,624,643
-
Employees
+13%
299 338
highest in 6 filed years
-
Operating profit
+202.7%
£341,890 £1,035,062
-
Profit before tax
+211.8%
£341,701 £1,065,309
-
Wages
+21.8%
£12,667,662 £15,430,685
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 | 2019-04-01 | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 1.5% | 3.7% | |
| Net margin | — | — | — | — | — | — | — | — | 1.1% | 2.8% | |
| Return on capital employed | — | — | — | — | — | — | — | — | 10.9% | 39.6% | |
| Current ratio | — | — | — | — | — | — | — | — | 1.40x | 1.33x | |
| Interest cover | — | — | — | — | — | — | — | — | 1808.94x | 5718.57x |
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
- James Cowper Kreston Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- SQW GROUP NEWCO 2018 LTD · parent
- SQW Group Limited 100%
- SQW Limited 100%
- Oxford Innovation Limited 100%
- Oxford Innovation Services Limited 100%
- Oxford Investment Opportunity Network Limited 100%
- Intelligent Connections Limited 100%
Significant events
- “After the year end, Oxford Investment Opportunity Network Limited and their respective partnered nominee formally closed on Q1 of a separately administered fund valued at £672k. This will result in increased future activity.”
- “A Grant Funding Agreement was entered into with Cornwall Council before the end of the financial year for the express purpose of establishing a fund specifically designed to address the critical early-stage equity funding gap for small businesses in Cornwall. Following the year end, Oxford Innovation Services Limited received £1m of funding for these purposes from Cornwall Council. No benefit accrued to Oxford Innovation Services Limited by the year end in relation to this.”
- “On 9 May 2025, Oxford Innovation Services Limited purchased the Growth Canvas business and its associated IP from Multidmedia Limited. Consideration is in the form of a £250,000 up-front payment and future contingent consideration linked to revenue over a two-year period. These sums are to be capitalised and amortised over the period during which benefit will accrue to Oxford Innovation Services Limited from the ownership of these assets.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PENNSEC LIMITED | Corporate Secretary | 2018-09-10 | — | — |
| BURNS, Rowena May | Director | 2020-10-01 | Aug 1953 | British |
| CRICHTON-MILLER, David James Laurens | Director | 2018-09-10 | Jan 1963 | British |
| LYONS, Sir Michael Thomas | Director | 2018-11-29 | Sep 1949 | British |
| QUINCE, Roger Edward | Director | 2018-11-29 | Mar 1946 | British |
| WRIGHT, Katharine Hannah | Director | 2018-09-10 | Aug 1978 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HESS, Martin Hugo | Director | 2018-11-29 | 2024-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr David James Laurens Crichton-Miller | Individual | Shares 25–50%, Voting 25–50% | 2018-09-10 | Ceased 2018-11-29 |
| Katharine Hannah Wright | Individual | Shares 25–50%, Voting 25–50% | 2018-09-10 | Ceased 2018-11-29 |
Filing timeline
Last 20 of 54 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-11-09 RESOLUTIONS Resolution
- 2022-11-09 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-02 | SH01 | capital | Capital allotment shares | |
| 2025-12-04 | AA | accounts | Accounts with accounts type group | |
| 2025-11-13 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-09-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-11 | CH01 | officers | Change person director company with change date | |
| 2025-06-04 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-03-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-28 | SH01 | capital | Capital allotment shares | |
| 2024-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-03 | AA | accounts | Accounts with accounts type group | |
| 2024-08-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-20 | AA | accounts | Accounts with accounts type group | |
| 2023-09-22 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2023-09-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-12 | SH01 | capital | Capital allotment shares | |
| 2022-11-09 | RESOLUTIONS | resolution | Resolution | |
| 2022-11-09 | MA | incorporation | Memorandum articles | |
| 2022-11-08 | AA | accounts | Accounts with accounts type group | |
| 2022-10-31 | SH01 | capital | Capital allotment shares | |
| 2022-10-26 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 4
- 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.