EAST WICK AND SWEETWATER PROJECTS (PHASE 2) 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 Directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”

Significant events

• “In September 2023 the Company entered into a fixed price construction contract for the delivery of the Phase 2 build, and construction is now underway. In the year to 31 March 2025 the Company has continued construction activities in relation to the Phase 2 build.”
• “On 1 September 2023 the Company entered into an Intra-Group On-Loan Agreement with East Wick and Sweetwater Projects (Finance) Limited to help finance the construction works.”
• “On 31 August 2023 the Company subsequently entered into an Intra-Group Loan Agreement with East Wick and Sweetwater Projects (Finance) Limited, which made available a credit facility to the Company of a maximum principal amount of £75,000,000.”

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

1

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

  -7.5%

  £4,638,000 → £4,291,000

• Cash

  -33.6%

  £4,893,000 → £3,251,000

• Net assets

  -1.3%

  £24,441,000 → £24,120,000

• Employees

  —

  Not reported

• Operating profit

  -255.8%

  -£190,000 → -£676,000

• Profit before tax

  -245.8%

  -£190,000 → -£657,000

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