WESSEX ADVANCED SWITCHING PRODUCTS LIMITED

1. WESSEX ADVANCED SWITCHING PRODUCTS LIMITED 1999-10-19 → present
2. SWAP LIMITED 1999-09-20 → 1999-10-19

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing the future outlook, the directors have performed cash flow forecasts and are satisfied based on those forecasts and the strong order book in place that the Company is well placed to continue trading. The cash flow forecasts indicate that the Company has adequate resources, therefore, the directors are satisfied that the Company has sufficient liquidity levels to support its continued operations for a period of at least 12 months from the date that the financial statements are approved. As a result, the directors believe it is appropriate that the going concern assumption continues to be adopted.”

Group structure

1. WESSEX ADVANCED SWITCHING PRODUCTS LIMITED · parent
   1. SWAP (Unlimited) Limited 50% · United Kingdom · Dormant
   2. SWAP (One) Limited 100% · United Kingdom · Dormant

Significant events

• “In 2024, the airline industry continued to see robust performance, however the company faced challenges arising from cost inflation, worldwide supply chain issues and geopolitical tensions impacting travel, and it is expected that these will continue into 2025.”
• “Oil prices continue to remain unpredictable and their effect on the airline industry represents a significant risk to the Company going forward.”
• “The on-going Russian invasion of Ukraine continues to disrupt the global airline industry. Airspace closures over Ukraine and Russia have forced re-routing of Europe-Asia flights, increasing fuel costs and emissions.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +32.4%

  £14,687,523 → £19,439,174

• Cash

  -27.9%

  £706,713 → £509,717

• Net assets

  +54.2%

  £8,518,508 → £13,131,724

• Employees

  +13.3%

  98 → 111

• Operating profit

  +58.6%

  £2,790,996 → £4,425,469

• Profit before tax

  +49.3%

  £3,088,355 → £4,610,147

• Wages

  +18.5%

  £3,779,864 → £4,480,172

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