SANDWELL COMMERCIAL FINANCE NO. 2 PLC

Accounts Submitted 14 Oct 2025

Confirmation Statement Submitted 16 Jun 2025

Net assets £-42.75M £1.04M 2023 year on year

Total assets £5.21M £179.00K 2023 year on year

Total Liabilities £47.97M £1.22M 2023 year on year

Charges 1

1 outstanding

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Contact & Details

Contact

Update Details

Registered Address

Third Floor 1 King's Arms Yard London EC2R 7AF

Credit Report

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Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2023

Type Total Exemption Full

Next accounts 31 December 2024

Due by 30 September 2025 9 months

Net Assets, Total Assets & Total Liabilities (2013–2023)

Cash in Bank

£146.00k

Decreased by £2.00k (-1%)

Net Assets

-£42.75M

Decreased by £1.04M (-3%)

Total Liabilities

£47.97M

Increased by £1.22M (+3%)

Turnover

£281.00k

Increased by £446.00k (+270%)

Employees

N/A

Debt Ratio

920%

Decreased by 9 (-1%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2023 Dec Year End	2022 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 13 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	—	22 Jul 2005	Active
Wilmington Trust Sp Services (london) Limited	Corporate-secretary	United Kingdom	Unknown	—	22 Jul 2005	Active

Shareholders

Shareholders (3)


Sandwell Finance Holdings Limited	100.0%	49,998	Ordinary 1/4 Paid	17 Jun 2016
Wilmington Trust Sp Services (london) Limited	0.0%	1	Ordinary	17 Jun 2016
Sandwell Finance Holdings Limited	0.0%	1	Ordinary	17 Jun 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. 2 PLC Current Company

Charges

1 outstanding

Documents

Company Filings

Date	Category	Description	Document
14 Oct 2025	Accounts	Annual accounts made up to 2025-03-31	View(32 pages)
16 Jun 2025	Confirmation Statement	Confirmation statement made on 2025-06-14 with no updates	View(3 pages)
11 Mar 2025	Accounts	Annual accounts made up to 2024-03-31	View(33 pages)
14 Jun 2024	Confirmation Statement	Confirmation statement made on 2024-06-14 with no updates	View(3 pages)
31 Jul 2023	Accounts	Annual accounts made up to 2023-03-31	View(32 pages)