SWAINE GROUP LIMITED

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

• Turnover

  +31.8%

  £1,994,038 → £2,627,804

  highest in 3 filed years

• Cash

  -70.4%

  £581,520 → £172,352

• Net assets

  -65.3%

  -£10,559,763 → -£17,450,266

• Employees

  0%

  36 → 36

• Operating profit

  +2.3%

  -£5,446,556 → -£5,320,361

• Profit before tax

  -7.7%

  -£6,397,384 → -£6,890,503

  lowest in 3 filed years

• Wages

  +5.4%

  £1,132,191 → £1,193,423

  highest in 3 filed years

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

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.

1. SWAINE GROUP LIMITED 2022-05-24 → present
2. CHS-UK LIMITED 2021-08-19 → 2022-05-24

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

WP Audit Services LLP

Audit opinion

Qualified

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 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. We draw attention to note 2 (page 16) of the financial statements, where the Directors' assessment of going concern includes reliance on the continuing financial support provided by the ultimate parent company.”

Significant events

• “An impairment charge of £226,444 has been made to write down the carrying value of a right of use asset for a property lease to £nil. The property was vacated in June 2024 and has a recoverable amount of £nil. The Company continues to recognise the lease, see note 17, until June 2025 which is the break date of the lease and when the Company can legally exit the contract.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.