SVELLA CONNECT LIMITED
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Cash
£441k
lowest in 3 filed years
Net assets
-£7.2m
lowest in 3 filed years
Employees
352
lowest in 3 filed years
Profit before tax
-£10m
Period ending 2025-10-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-10-31
| Metric | Trend | 2023-04-30 | 2024-04-30 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £79,402,000 | £87,094,000 | £50,866,000 | — | |
| Operating profit | £1,419,000 | £1,930,000 | -£10,138,000 | — | |
| Profit before tax | £1,419,000 | £1,871,000 | -£10,263,000 | — | |
| Net profit | £1,138,000 | £1,708,000 | -£9,831,000 | — | |
| Cash | £2,363,000 | £4,649,000 | £441,000 | — | |
| Total assets less current liabilities | £2,528,000 | £2,980,000 | -£7,237,000 | — | |
| Net assets | £2,236,000 | £2,594,000 | -£7,237,000 | — | |
| Equity | £2,236,000 | £2,594,000 | — | — | |
| Average employees | 836 | 830 | 352 | — | |
| Wages | £31,855,000 | £33,675,000 | £22,363,000 | — | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 18 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-04-30 | 2024-04-30 | 2025-10-31 |
|---|---|---|---|---|
| Operating margin | 1.8% | 2.2% | -19.9% | |
| Net margin | 1.4% | 2.0% | -19.3% | |
| Return on capital employed | 56.1% | 64.8% | — | |
| Gearing (liabilities / total assets) | 92.0% | 91.5% | 229.7% | |
| Current ratio | 1.00x | 1.01x | 0.43x | |
| Interest cover | — | 32.71x | -81.10x |
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.
Name history
Renamed 1 time since incorporation
- SVELLA CONNECT LIMITED 2021-10-12 → present
- SVELLA CO2 LIMITED 2021-10-05 → 2021-10-12
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- UNW LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “During the period, the company's contract with Virgin Media Limited came to an end following a number of breaches of that contract by Virgin Media. As this contract represented a separate major line of business, the activity has been treated as a discontinued operation and presented separately in the statement of comprehensive income.”
- “The company has commenced proceedings against Virgin Media Limited in the Technology and Construction Court in respect of the breaches of the contract.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TINKLER, William Andrew | Director | 2021-10-05 | Jul 1963 | British |
| WHAWELL, Benjamin Mark | Director | 2021-10-05 | Oct 1972 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Svella Infrastructure Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-10-05 | Active |
Filing timeline
Last 17 of 17 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-10-12 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-08-04 | AA | accounts | Accounts with accounts type full | |
| 2026-01-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-14 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-06-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-20 | AA | accounts | Accounts with accounts type full | |
| 2023-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-17 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-08-16 | AA | accounts | Accounts with accounts type full | |
| 2022-01-19 | AA01 | accounts | Change account reference date company current shortened | |
| 2021-10-12 | CERTNM | change-of-name | Certificate change of name company | |
| 2021-10-05 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.