SWORD TOPCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-20 (in 9mo)
Last made up 2026-02-06
Watchouts
None on the register
Cash
£22M
EUR 25,225,000
+607.6% vs 2023
Net assets
£11M
EUR 12,762,000
+425,287.4% vs 2023
Employees
291
+7.8% vs 2023
Profit before tax
£14M
EUR 15,928,000
+1,078.1% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £102,883,729 | £115,487,434 | |
| Operating profit | £15,231,759 | £28,552,048 | |
| Profit before tax | £1,175,754 | £13,851,639 | |
| Net profit | -£426,124 | £12,169,754 | |
| Cash | £3,100,270 | £21,936,690 | |
| Total assets less current liabilities | £156,464,910 | £176,553,613 | |
| Net assets | £2,609 | £11,098,356 | |
| Equity | £2,609 | £11,098,356 | |
| Average employees | 270 | 291 | |
| Wages | £21,430,559 | £22,521,958 | |
| Directors' remuneration | £767,893 | £973,998 |
Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+12.3%
£102,883,729 £115,487,434
-
Cash
+607.6%
£3,100,270 £21,936,690
-
Net assets
+425,287.4%
£2,609 £11,098,356
-
Employees
+7.8%
270 291
-
Operating profit
+87.5%
£15,231,759 £28,552,048
-
Profit before tax
+1,078.1%
£1,175,754 £13,851,639
-
Wages
+5.1%
£21,430,559 £22,521,958
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 14.8% | 24.7% | |
| Net margin | -0.4% | 10.5% | |
| Return on capital employed | 9.7% | 16.2% | |
| Current ratio | 1.75x | 3.00x | |
| Interest cover | 1.08x | 1.94x |
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
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making due enquiry, and having considered the Group's budget for the coming year and having undertaken appropriate stress testing and sensitivity analyses of future forecasts extending for the period of 12 months from the date on which these consolidated financial statements were signed, the Directors are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements of the Group.”
Group structure
- SWORD TOPCO LIMITED · parent
- Sword Midco Limited 100%
- Sword Lowco Limited 100%
- Sepura Holdings Limited 100%
- Sepura Limited 100%
- Fylde Micro Limited 100%
- Sepura Serviços de Intermediação e Marketing em Equipamento de Radio Ltda 100%
- Sepura Deutschland GmbH 100%
- Sepura LLC 100%
- Sepura Pty Limited 100%
- Sepura Overseas Limited 100%
Significant events
- “On 19 September 2024, the Company undertook a capital reconstruction, under which: the entire share premium account relating to ordinary shares was transferred to distributable reserves;”
- “On 25 April 2024 the Group announced it had been awarded the contract by the Department of Health and Social Care ('DHSC') to deliver the next generation of hand-portable mission-critical communications devices for frontline paramedics.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ATWAL, Aaron Rai | Director | 2022-02-07 | May 1989 | British |
| BARBER, Stephen Paul | Director | 2022-07-14 | Jul 1964 | British |
| BARNES, Christopher Matthew | Director | 2025-10-01 | Feb 1975 | British |
| FAREBROTHER, Jane Elizabeth Abigail | Director | 2022-07-14 | Sep 1970 | British |
| MILLER, Malcolm Myer | Director | 2022-07-14 | Aug 1955 | British |
| WOOD, Ian David Hadfield | Director | 2022-02-07 | Mar 1979 | English |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Epiris Nominee Limited | Corporate entity | Voting 75–100% | 2022-02-07 | Ceased 2022-02-07 |
Filing timeline
Last 20 of 42 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-04 RESOLUTIONS Resolution
- 2025-06-04 MA Memorandum articles
- 2024-09-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-06 | SH01 | capital | Capital allotment shares | |
| 2026-01-06 | SH03 | capital | Capital return purchase own shares | |
| 2026-01-02 | SH03 | capital | Capital return purchase own shares | |
| 2025-10-15 | CH01 | officers | Change person director company with change date | |
| 2025-10-15 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-10-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-29 | SH02 | capital | Capital alter shares redemption statement of capital | |
| 2025-06-13 | SH01 | capital | Capital allotment shares | |
| 2025-06-04 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-04 | MA | incorporation | Memorandum articles | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-02 | AA | accounts | Accounts with accounts type group | |
| 2024-10-20 | SH03 | capital | Capital return purchase own shares | |
| 2024-10-01 | SH06 | capital | Capital cancellation shares | |
| 2024-09-19 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-09-19 | SH20 | capital | Legacy | |
| 2024-09-19 | CAP-SS | insolvency | Legacy | |
| 2024-09-19 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 9
- Officers appointed
- 1
- 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.