SANDWELL COMMERCIAL FINANCE NO. 1 PLC.

Accounts Submitted 31 Jul 2023

Confirmation Statement Submitted 2 Apr 2024

Net assets £-10.15M £729.00K 2022 year on year

Total assets £705.00K £159.00K 2022 year on year

Total Liabilities £10.86M £570.00K 2022 year on year

Charges 1

1 satisfied

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Contact & Details

Contact

Update Details

Registered Address

7th Floor 21 Lombard Street London EC3V 9AH

Credit Report

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Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2022

Type Total Exemption Full

Next accounts 31 December 2023

Due by 30 September 2024 9 months

Net Assets, Total Assets & Total Liabilities (2013–2022)

Cash in Bank

£40.00k

Decreased by £80.00k (-67%)

Net Assets

-£10.15M

Decreased by £729.00k (-8%)

Total Liabilities

£10.86M

Increased by £570.00k (+6%)

Turnover

-£242.00k

Decreased by £95.00k (-65%)

Employees

N/A

Debt Ratio

1540%

Increased by 349 (+29%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2022 Dec Year End	2021 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Officers

4 active 12 resigned

Show resigned officers

						Status
Christopher John Duffy	Director	British	England	52	30 Sept 2019	Active
Daniel Jonathan Wynne	Director	British	England	55	28 Mar 2017	Active
Wilmington Trust Sp Services (london) Limited	Corporate-director	United Kingdom	Unknown	—	6 May 2004	Active
Wilmington Trust Sp Services (london) Limited	Corporate-secretary	United Kingdom	Unknown	—	6 May 2004	Active

Shareholders

Shareholders (3)


Sandwell Finance Holdings Limited	100.0%	49,998	Ordinary 1/4 Paid	31 Mar 2016
Wilmington Trust Sp Services (london) Limited	0.0%	1	Ordinary	31 Mar 2016
Sandwell Finance Holdings Limited	0.0%	1	Ordinary	31 Mar 2016

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Sandwell Finance Holdings Limited

United Kingdom

Active

Notified 6 Apr 2016

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

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Group Structure

SANDWELL FINANCE HOLDINGS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

WILMINGTON TRUST SP SERVICES (LONDON) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

WILMINGTON TRUST (UK) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

M&T BANK CORPORATION united states of america

SANDWELL COMMERCIAL FINANCE NO. 1 PLC. Current Company

Charges

1 satisfied

Documents

Company Filings

Date	Category	Description	Document
5 Dec 2025	Insolvency	Liquidation Voluntary Members Return Of Final Meeting	View(15 pages)
17 Dec 2024	Insolvency	Liquidation Voluntary Appointment Of Liquidator	View(3 pages)
17 Dec 2024	Insolvency	Liquidation Voluntary Declaration Of Solvency	View(5 pages)
17 Dec 2024	Resolution	Resolutions	View(1 page)
16 Dec 2024	Address	Change Registered Office Address Company With Date Old Address New Address	View(3 pages)