SSW FINANCE LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-11-07 (in 6mo)
Last made up 2025-10-24
Watchouts
None on the register
Cash
£4M
-38.7% vs 2024
Net assets
£10M
+3.8% vs 2024
Employees
0
Average over period
Profit before tax
£351K
-42.6% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£167,000 | -£192,000 | |
| Profit before tax | £612,000 | £351,000 | |
| Net profit | £612,000 | £351,000 | |
| Cash | £6,543,000 | £4,008,000 | |
| Total assets less current liabilities | £181,422,000 | £105,291,000 | |
| Net assets | £9,182,000 | £9,533,000 | |
| Equity | £9,182,000 | £9,533,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | £815,000 | £556,000 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
—
Not reported
-
Cash
-38.7%
£6,543,000 £4,008,000
-
Net assets
+3.8%
£9,182,000 £9,533,000
-
Employees
—
Not reported
-
Operating profit
-15%
-£167,000 -£192,000
-
Profit before tax
-42.6%
£612,000 £351,000
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Return on capital employed | -0.1% | -0.2% | |
| Current ratio | 13.79x | 0.05x | |
| Interest cover | -0.04x | -0.04x |
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
- Standalone (parent only)
- Auditor
- Ernst & Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are therefore satisfied that the refinancing risks within the going concern period have been substantively dealt with and mitigated and the residual risks do not represent a material uncertainty to the going concern assumption.”
Group structure
- SSW FINANCE LIMITED · parent
- South Staffordshire Water Plc 100%
Significant events
- “On 12 August 2025, SSW Finance Limited successfully agreed to re-finance the previous Metlife £43,000,000 series A and Metlife £30,000,000 series B notes due for repayment in January 2026 and replaced them with a combined £80,000,000 term loan split equally between MetLife and PacLife.”
- “On the 21 October 2025 the Series A & B Notes were prepaid from the proceeds of new £40,000,000 6.53% Series D Notes maturing 21 October 2028 and £40,000,000 6.79% Series E Notes maturing 21 December 2030.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STRETTON, Caroline | Secretary | 2021-10-25 | — | — |
| HORN, Michael Leslie | Director | 2025-12-10 | Jul 1970 | British |
| NAHORNY, Mikhail | Director | 2026-01-20 | Jul 1979 | British |
| PELCZER, Jeremy David | Director | 2022-05-27 | Jun 1957 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARRIS, Thomas Keith | Director | 2021-11-26 | 2025-12-31 |
| NEWLAND, Phillip Charles | Director | 2021-10-25 | 2023-04-28 |
| O'MALLEY, Robert James | Director | 2021-10-25 | 2026-01-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ssw Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-22 | Active |
| South Staffordshire Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-10-25 | Ceased 2021-12-22 |
Filing timeline
Last 20 of 23 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-05 | AA | accounts | Accounts with accounts type full | |
| 2025-12-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-05 | AA | accounts | Accounts with accounts type full | |
| 2024-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-15 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2024-02-15 | PARENT_ACC | accounts | Legacy | |
| 2024-02-15 | GUARANTEE2 | other | Legacy | |
| 2024-02-15 | AGREEMENT2 | other | Legacy | |
| 2023-11-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-16 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-01-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-01-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-12-30 | AA01 | accounts | Change account reference date company current extended |
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.