SWISCOT TEXTILES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-15 (this month)
Last made up 2025-05-01
Watchouts
Cash
£301K
+125.8% vs 2023
Net assets
£3M
-4.9% vs 2023
Employees
32
+23.1% highest in 3 filed years
Profit before tax
-£195K
-3,398.3% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | £10,609,247 | £10,403,738 | £9,724,871 | |
| Operating profit | £243,662 | £243,208 | £65,389 | |
| Profit before tax | £83,696 | -£5,586 | -£195,414 | |
| Net profit | £56,672 | £13,461 | -£162,154 | |
| Cash | £374,932 | £133,228 | £300,862 | |
| Total assets less current liabilities | £3,605,200 | £3,869,461 | £3,544,571 | |
| Net assets | £3,012,703 | £3,283,288 | £3,121,134 | |
| Equity | — | £3,283,288 | £3,121,134 | |
| Average employees | 30 | 26 | 32 | |
| Wages | £769,253 | £905,560 | £825,272 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | 2.3% | 2.3% | 0.7% | |
| Net margin | 0.5% | 0.1% | -1.7% | |
| Return on capital employed | 6.8% | 6.3% | 1.8% | |
| Current ratio | — | 1.51x | 1.57x | |
| Interest cover | 1.52x | 0.98x | 0.26x |
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
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Pierce C A Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least twelve months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
Significant events
- “Swiscot Textiles was acquired by the Vision Linens group in June 2024 and traded independently for the remainder of 2024. In 2025, the full Swiscot trade was transitioned to the Vision Linens group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOLDEN, Tyler Denise | Director | 2024-06-05 | Apr 1971 | American |
| DOYLE, Mark Thomas | Director | 2024-06-05 | Aug 1978 | Irish |
| FAIRBANKS, Robert | Director | 2020-11-01 | May 1978 | British |
| RYAN, Michelle Louise | Director | 2024-06-05 | Feb 1971 | British |
| STORIE, Jonathan Alexander | Director | 2024-06-05 | Dec 1968 | American |
| YATES, Richard | Director | 2012-05-01 | Sep 1971 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SHAH, Chandravadan Harilal | Secretary | — | 1995-09-01 |
| SHAH, Mona Sejal | Secretary | 1995-09-01 | 2024-06-05 |
| BURNS, Steven Warren | Director | 2024-06-05 | 2025-03-04 |
| KITTOS, Christina Patricia | Director | 2016-07-20 | 2025-06-26 |
| PATEL, Nirav | Director | 2016-07-20 | 2020-11-27 |
| SEDDON, Mark | Director | 2007-05-04 | 2024-10-16 |
| SHAH, Chandravadan Harilal | Director | — | 2024-06-05 |
| SHAH, Kalpana Chandravadan | Director | — | 2024-06-05 |
| SHAH, Mona Sejal | Director | 2000-07-01 | 2024-06-05 |
| SHAH, Vikas Sagar | Director | 2004-08-27 | 2024-06-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vision Linens Global Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-06-05 | Active |
| Mr Vikas Shah | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Ceased 2024-06-05 |
| Mr Chandravadan Shah | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-12-02 |
Filing timeline
Last 20 of 165 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-06-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-16 | MA | incorporation | Memorandum articles | |
| 2024-09-16 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-27 | CH01 | officers | Change person director company with change date | |
| 2024-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-06 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-6.5%
£10,403,738 £9,724,871
lowest in 3 filed years
-
Cash
+125.8%
£133,228 £300,862
-
Net assets
-4.9%
£3,283,288 £3,121,134
-
Employees
+23.1%
26 32
highest in 3 filed years
-
Operating profit
-73.1%
£243,208 £65,389
lowest in 3 filed years
-
Profit before tax
-3,398.3%
-£5,586 -£195,414
lowest in 3 filed years
-
Wages
-8.9%
£905,560 £825,272
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers