SERVICE METALS (MIDLANDS) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-13 (in 6mo)
Last made up 2025-10-30
Watchouts
Cash
£1M
-29.4% vs 2023
Net assets
£3M
+19.4% vs 2023
Employees
52
0% vs 2023
Profit before tax
£724K
+74.1% vs 2023
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 | — | £24,845,758 | £21,527,323 | |
| Operating profit | — | £415,856 | £876,597 | |
| Profit before tax | — | £415,856 | £723,892 | |
| Net profit | — | £264,985 | £519,572 | |
| Cash | — | £1,721,546 | £1,216,040 | |
| Total assets less current liabilities | — | £4,652,322 | £5,049,753 | |
| Net assets | — | £2,677,877 | £3,197,449 | |
| Equity | £2,412,892 | £2,677,877 | £3,197,449 | |
| Average employees | — | 52 | 52 | |
| Wages | — | £3,637,406 | £2,427,522 |
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 | — | 1.7% | 4.1% | |
| Net margin | — | 1.1% | 2.4% | |
| Return on capital employed | — | 8.9% | 17.4% | |
| Gearing (liabilities / total assets) | — | 81.1% | 72.9% | |
| Current ratio | — | 1.08x | 1.17x | |
| Interest cover | — | — | 5.74x |
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
- Milnes & Co
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- SERVICE METALS (MIDLANDS) LIMITED · parent
- Switchblade Metals Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRICK, Carole Jane | Secretary | 2023-12-14 | — | — |
| BARRICK, Carole Jane | Director | 2022-09-21 | Jun 1965 | British |
| WALLEY, Anthony Philip | Director | 1994-10-31 | May 1963 | English |
| WINN, John Marshall | Director | — | Nov 1947 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WILSON, Graham Patrick | Secretary | — | 2023-12-14 |
| BOUGH, Ian William Thomas | Director | — | 1994-08-31 |
| CHRIMES, James Harry | Director | 2016-08-01 | 2019-10-13 |
| CHRIMES, James Harry | Director | — | 1998-01-31 |
| WILSON, Graham Patrick | Director | — | 2024-12-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Graham Patrick Wilson | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-12-13 |
| Mr James Harry Chrimes | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2019-10-13 |
| Mr John Marshall Winn | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 108 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-19 | AA | accounts | Accounts with accounts type group | |
| 2025-02-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-02-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-06 | CH01 | officers | Change person director company with change date | |
| 2024-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-03 | AA | accounts | Accounts with accounts type group | |
| 2024-03-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-14 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-12-14 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-11-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-13 | AA | accounts | Accounts with accounts type group | |
| 2022-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-21 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-06 | AA | accounts | Accounts with accounts type group | |
| 2021-11-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-10-03 | AA | accounts | Accounts with accounts type group | |
| 2020-11-30 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-13.4%
£24,845,758 £21,527,323
-
Cash
-29.4%
£1,721,546 £1,216,040
-
Net assets
+19.4%
£2,677,877 £3,197,449
-
Employees
0%
52 52
-
Operating profit
+110.8%
£415,856 £876,597
-
Profit before tax
+74.1%
£415,856 £723,892
-
Wages
-33.3%
£3,637,406 £2,427,522
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