UK Companies House feature
SW (FINANCE) I PLC
Profile
- Company number
- 13677506
- Status
- Active
- Incorporation
- 2021-10-13
- Last accounts made up
- 2025-03-31
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Accounts
Pending extraction
No iXBRL extracted yet for this company.
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“SWS disclosed a material uncertainty with respect to going concern in its annual report and accounts for 2024-25, related to a number of connected events that are outside the control of the Board and which may cast significant doubt on SWS's and therefore the company's ability to continue as a going concern such that it may be unable to realise its assets and discharge its liabilities in the normal course of business.”
Significant events
- “On 1 April 2025 SWS made changes to some of its financial derivatives. The break clause in a swap with a notional value of £92.1 million was extended from November 2025 to June 2026 and accretion payments due in March 26 associated with various swaps were extended to June 2026. On the same date SWS agreed an £800.0 million committed facility, providing additional liquidity.”
- “On 1 July 2025, SWS announced that it had secured an offer of equity support from a consortium led by funds managed by Macquarie Asset Management to support its AMP8 investment programme, comprising a legally binding equity commitment of £655 million (the "Initial AMP8 Equity Commitment") provided on the terms of an equity commitment letter and confirmation of intent to provide further equity commitments of up to a further £545 million - and with a minimum of £245 million - by December 2025.”
- “On 4 July 2025, Sandstone Bidco Limited acquired the issued share capital of Greensands Junior Finance Limited and Southern Water (Greensands) Financing plc from Greensands (UK) Limited (in administration), becoming the new indirect UK holding company of SW (Finance) I Plc, replacing Greensands Holdings Limited, the previous UK holding company.”
- “On 8 July 2025, SWS announced that it had entered into a lock-up agreement with financing creditors of the SWS group representing more than 72% by value of the Class A indebtedness in support of certain proposals, including the ratings event of default amendment, (being one of the key conditionalities of the Initial AMP8 Equity Commitment).”
- “In addition, on 8 July 2025 SWS confirmed that it had arranged a further £675.0 million of committed liquidity.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MANNING, Richard Denley John | Secretary | 2021-10-13 | — | — |
| LEDGER, Stuart Neil | Director | 2023-10-25 | Jan 1976 | British |
| MANNING, Richard Denley John | Director | 2021-10-13 | Nov 1964 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GOSDEN, Lawrence Karl | Director | 2022-07-01 | 2023-10-25 |
| MCAULAY, Ian James | Director | 2021-10-13 | 2022-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Southern Water Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-10-13 | Active |
Filing timeline
Last 18 of 18 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-10-29 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-09-09 | AA | accounts | accounts with accounts type full |
| 2024-10-28 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-10-18 | AA | accounts | accounts with accounts type full |
| 2023-10-25 | CH01 | officers | change person director company with change date |
| 2023-10-25 | TM01 | officers | termination director company with name termination date |
| 2023-10-25 | AP01 | officers | appoint person director company with name date |
| 2023-10-23 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-09-26 | AA | accounts | accounts with accounts type full |
| 2022-11-21 | CS01 | confirmation-statement | confirmation statement with updates |
| 2022-10-18 | SH01 | capital | capital allotment shares |
| 2022-10-12 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2022-07-26 | AA01 | accounts | change account reference date company current extended |
| 2022-07-15 | AP01 | officers | appoint person director company with name date |
| 2022-07-15 | TM01 | officers | termination director company with name termination date |
| 2021-10-22 | CERT8A | incorporation | legacy |
| 2021-10-22 | SH50 | reregistration | application trading certificate |
| 2021-10-13 | NEWINC | incorporation | incorporation company |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Credit score requires extracted accounts data.
Activity Score
Composite activity score · components 0–100 · reference 2026-05-10
19.2
COLD
/ 100
- Filings velocity 17
- Capital events 0
- Officer churn 0
- Headcount trajectory 50
- Accounts trajectory 50
- 2 filing(s) in last 12 months