SW (FINANCE) I PLC
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Cash
£211m
+31.1% highest in 3 filed years
Net assets
£100k
0% vs 2025
Employees
0
Average over period
Profit before tax
£0
Period ending 2026-03-31
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | £0 | — | — | |
| Operating profit | — | £0 | — | — | |
| Profit before tax | £0 | £0 | £0 | — | |
| Net profit | £0 | £0 | £0 | — | |
| Cash | £117,000,000 | £161,000,000 | £211,000,000 | +31.1% | |
| Total assets less current liabilities | £4,787,200,000 | £4,943,200,000 | £6,654,200,000 | +34.6% | |
| Net assets | £100,000 | £100,000 | £100,000 | 0% | |
| Equity | £100,000 | £100,000 | £100,000 | 0% | |
| Average employees | 2 | 0 | 0 | — | |
| Wages | — | £0 | £0 | — | |
| Directors' remuneration | — | £0 | £0 | — | |
| Directors' pension contributions | — | £0 | £0 | — | |
| Highest paid director | — | £0 | £0 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Return on capital employed | — | 0.0% | — | |
| Gearing (liabilities / total assets) | 100.0% | 100.0% | 100.0% | |
| Current ratio | 1.00x | 2.55x | 1.88x | |
| Interest cover | — | 0.00x | — |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe, after due and careful enquiry, that the company has sufficient resources for its present requirements and for the next 12 months from the date of approval of the financial statements and, therefore, consider it appropriate to adopt the going concern basis in preparing the financial statements to 31 March 2026.”
Significant events
- “On 24 April 2026, parent company Southern Water Services Limited repaid the Reserve Facility Agreement of £14.5 million on behalf of the SW Finance I Plc.”
- “On 14 May 2026 the company issued a new £300 million bond with a 6.875% coupon and final maturity of 14 November 2034 and advanced an equal amount to Southern Water Services Limited on identical terms.”
- “On 22 June 2026, the Southern Water group announced that it had secured a further £300 million of committed equity from Sandstone Bidco Limited to be drawn down on or around 31 March 2027.”
- “On 28 July 2026, Fitch Ratings announced that it has upgraded the company's senior secured debt rating from BBB- to BBB (stable outlook).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| REDDING, Sandra Faye | Secretary | 2026-09-01 | — | — |
| LEDGER, Stuart Neil | Director | 2023-10-25 | Jan 1976 | British |
| REDDING, Sandra Faye | Director | 2026-09-01 | Jan 1977 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MANNING, Richard Denley John | Secretary | 2021-10-13 | 2026-09-01 |
| GOSDEN, Lawrence Karl | Director | 2022-07-01 | 2023-10-25 |
| MANNING, Richard Denley John | Director | 2021-10-13 | 2026-09-01 |
| MCAULAY, Ian James | Director | 2021-10-13 | 2022-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Southern Water Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-10-13 | Active |
Filing timeline
Last 20 of 23 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-09-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-09-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-09-10 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-09-09 | AA | accounts | Accounts with accounts type full | |
| 2025-10-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-09 | AA | accounts | Accounts with accounts type full | |
| 2024-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-18 | AA | accounts | Accounts with accounts type full | |
| 2023-10-25 | CH01 | officers | Change person director company with change date | |
| 2023-10-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-26 | AA | accounts | Accounts with accounts type full | |
| 2022-11-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-18 | SH01 | capital | Capital allotment shares | |
| 2022-10-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-07-26 | AA01 | accounts | Change account reference date company current extended | |
| 2022-07-15 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-15 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.