SMW LIMITED
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Cash
—
Latest balance sheet
Net assets
£17m
-7.3% vs 2024
Employees
73
+1.4% highest in 3 filed years
Profit before tax
-£1.8m
-181.8% lowest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £25,300,000 | £27,500,000 | £27,900,000 | +1.5% | |
| Operating profit | — | £1,800,000 | -£2,200,000 | -222.2% | |
| Profit before tax | £400,000 | £2,200,000 | -£1,800,000 | -181.8% | |
| Net profit | £100,000 | £2,000,000 | -£1,400,000 | -170% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £16,700,000 | £18,300,000 | £16,500,000 | -9.8% | |
| Net assets | £15,600,000 | £17,800,000 | £16,500,000 | -7.3% | |
| Equity | £15,600,000 | £17,800,000 | £16,500,000 | -7.3% | |
| Average employees | 72 | 72 | 73 | +1.4% | |
| Wages | £3,700,000 | £3,800,000 | £3,700,000 | -2.6% | |
| Directors' remuneration | — | £3,700,000 | £4,100,000 | +10.8% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | — | 6.5% | -7.9% | |
| Net margin | 0.4% | 7.3% | -5.0% | |
| Return on capital employed | — | 9.8% | -13.3% | |
| Gearing (liabilities / total assets) | 29.4% | 24.9% | — | |
| Current ratio | — | 3.22x | 2.84x |
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.
Name history
Renamed 1 time since incorporation
- SMW LIMITED 1996-08-12 → present
- RANDOTTE (NO. 409) LIMITED 1996-05-31 → 1996-08-12
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the access to these facilities the Directors believe that the Company will be able to meet its obligations as they fall due for a period of at least 12 months from the approval of these financial statements. Accordingly, the Directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “Subsequent to the year end, on 31 March 2026, the Company has transferred its trade and assets to Scottish Water for an agreed price as set out in the Private Finance Initiative contract. Following on from this, the Company has now ceased trading.”
- “In 2023, a health and safety incident occurred at the Daldowie Fuel Plant site. Proceedings were subsequently brought against SMW Limited in relation to breaches of a health and safety regulation. At a hearing on 21 May 2026, a fine of £120,000 plus certain costs was imposed on SMW Limited. This was accrued for at the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUNN, Rebecca | Secretary | 2026-03-19 | — | — |
| DAWES, Lee Michael | Director | 2024-08-01 | Jun 1971 | British |
| GARDINER, Dwight Daniel Willard | Director | 2018-12-31 | Jun 1964 | British,American |
| LEMMINK, Frank Hendrikus | Director | 2025-09-30 | Apr 1968 | Dutch |
| PEACOCK, Daniel Andrew | Director | 2026-03-19 | Mar 1979 | British |
| SHEFFIELD, Paul Nathan | Director | 2021-10-27 | Feb 1975 | British |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, Michael Howard | Secretary | 2011-01-07 | 2014-12-31 |
| DUFFIELD, Sheelagh Jane | Secretary | 1998-06-08 | 1999-09-30 |
| GLADDEN, Brett | Secretary | 2019-02-01 | 2025-12-05 |
| GREGG, Rhona | Secretary | 2006-06-30 | 2007-10-26 |
| MCCALLUM, David | Secretary | 2018-12-31 | 2019-01-31 |
| MCCULLOCH, Alan William | Secretary | 1999-09-30 | 2003-01-08 |
| MCPHERSON, Donald James | Secretary | 2003-01-08 | 2006-06-30 |
| MEIKLEJOHN, Iain Maury Campbell | Nominee Secretary | 1996-05-31 | 1998-06-08 |
| ORR, Alistair | Secretary | 2014-12-31 | 2018-12-31 |
| ROSS, Marie Isobel | Secretary | 2007-10-26 | 2011-01-07 |
| BRYCE, Alan Alexander | Director | 2003-04-01 | 2006-10-16 |
| CHALMERS WHITE, Heather | Director | 2012-01-23 | 2018-12-31 |
| CHISHOLM, Ian Andrew | Director | 2008-11-28 | 2012-01-23 |
| FINLAY, Hugh Ogg | Director | 2009-10-01 | 2016-09-30 |
| FINLAY, Hugh Ogg | Director | 2006-10-16 | 2008-11-28 |
| GOLLAND, Eric Stanley | Director | 2000-01-25 | 2003-03-31 |
| KOSS, Andrew Robert | Director | 2018-12-31 | 2020-04-07 |
| MCCREADIE, Thomas Fraser | Director | 1998-06-08 | 2000-01-25 |
| MEIKLEJOHN, Iain Maury Campbell | Nominee Director | 1996-05-31 | 1998-06-08 |
| MITCHELL, Frank | Director | 2007-04-23 | 2009-10-01 |
| MORRISON, David Neil | Director | 2003-07-17 | 2008-01-31 |
| SKELTON, Andrew Keith | Director | 2019-06-13 | 2025-09-30 |
| SMALL, Penelope Louise | Director | 2021-10-27 | 2024-08-01 |
| STANLEY, Rupert James | Director | 1999-08-18 | 2006-05-03 |
| WHYTE, Duncan | Director | 1998-06-08 | 1999-05-31 |
| WILL, James Robert | Nominee Director | 1996-05-31 | 1998-06-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Drax Hydro Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-01-25 | Active |
| Drax Generation Enterprise Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2021-01-25 |
Filing timeline
Last 20 of 154 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-23 | AA | accounts | Accounts with accounts type full | |
| 2026-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2025-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-23 | AA | accounts | Accounts with accounts type full | |
| 2024-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-14 | AA | accounts | Accounts with accounts type full | |
| 2023-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-02 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-02 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-30 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 3
- 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.