SWAN COMMERCIAL SERVICES LIMITED

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has the continued support of its ultimate parent, Sanctuary Housing Association, who has provided a letter of support to the directors of the Company to confirm that it intends, should the need arise, to provide financial and/or other support, including, if required, not seeking repayment of amounts currently made available, for the period to 31 March 2027. ... Based on all of the above considerations the directors confirm that they have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Company continues to adopt the going concern basis in its financial statements.”

Significant events

• “Prior year results included the sale of the Laindon development site by the Company to a fellow group subsidiary for £9.7 million, recognised within prior year turnover. This site had previously been fully impaired at a loss of £9.8 million.”
• “Since the year end, settlement payments totalling £3.5 million have been made by the Company's insurance company for civil claims in relation to a development incident in which the Company was primary contractor. Further details of the provision are given in note 12(a). Post year end, the Company received £11.4 million of trading balances from Swan New Homes Limited. This enabled the Company to pay £11.1 million of intercompany loan and accrued interest to Swan Housing Association.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -42.3%

  £32,652,000 → £18,839,000

• Cash

  -98.5%

  £262,000 → £4,000

• Net assets

  +16%

  -£103,331,000 → -£86,802,000

• Employees

  —

  Not reported

• Profit before tax

  +543.9%

  £2,567,000 → £16,529,000

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