Smartway Pw. Holdings Limited
08363500
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/03/2025
group
Next accounts due
31/12/2026
Confirmation statement
Last: 16/01/2026
Due 30/01/2027
Industry
Officers
director · Since 16/01/2013
DIRECTOR
BRITISH · UNITED KINGDOM · Age 58
Also on 8 other boards
director · Since 17/03/2025
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 36
Also on 5 other boards
Persons with Significant Control
Mr Hitendrakumar Patel
British · United Kingdom · Age 59
The Old Mill, 9 Soar Lane, Leicester, LE3 5DE
Notified 16/01/2017
Mrs Kirti Patel
British · United Kingdom · Age 58
The Old Mill, 9 Soar Lane, Leicester, LE3 5DE
Notified 16/01/2017
Former PSCs
Mrs Bhanumati Patel
Ceased 25/11/2025
CompanyRankvs 270+ SIC 70100 peers78
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent 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. Our responsibilities and the responsibilities of the directors with respect to going con
Key FinancialsYear ending 31/03/2022
Turnover
£137.7M
Annual revenue
Net Worth
£81.1M
Balance sheet strength
Cash
£8.9M
Cash in the bank
Profit Before Tax
£5.1M
Bottom line earnings
Net Current Assets
£79.8M
Working capital
Current Assets
£88.9M
Current Liabilities
£9.1M
Fixed Assets
£1.4M
Debtors
£68.7M
Cost of Sales
£127.4M
Gross Profit
£10.3M
Admin Expenses
£5.7M
Operating Profit
£4.7M
Profit After Tax
£4.2M
Tax at Year End
Director Loans
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2022 | 9.76 | +£3.6M |
| 2021 | 18.45 | — |
Derived from filed accounts. Not audited figures.