S&W Partners (Thames Valley) Limited
Registered name: S&W PARTNERS (THAMES VALLEY) LIMITED
Part of Earps Topco Limited groupS&W Partners (Thames Valley) Limited made £6.4m revenue and a £465k loss in the year to 31 Dec 2025.
S&W Partners (Thames Valley) Limited’s revenue fell 5% to £6.4m in the year to 31 Dec 2025, with a loss of £465k and 0 employees. The company is classified under “accounting and auditing activities” and is based in London; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 16 yrs · since 2010
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | £6.5m | £7.2m | £6m | £6.8m | £6.4m |
| Cost of sales | £2.7m | £2.8m | −£2.6m | £0 | — |
| Gross profit | £3.8m | £4.3m | £3.3m | £6.8m | — |
| Operating profit | £2.2m | £2.7m | £2.4m | £1.2m | −£453k |
| Profit before tax | £2.1m | £2.7m | £2.3m | £1.2m | −£454k |
| Profit after tax | £1.7m | £2.2m | £1.1m | £1.5m | −£465k |
| Profit (best available) | £1.7m | £2.2m | £1.1m | £1.5m | −£465k |
| Staff costs | £3m | £3.1m | — | — | — |
| Employees (average) | 63 | 73 | 76 | 16 | 0 |
| Ratios | |||||
| Profit margin | 26.3% | 30% | 19.2% | 21.5% | −7.2% |
| Gross margin | 58% | 60.3% | 55.7% | 100% | — |
| Revenue per employee | £103k | £98.1k | £78.6k | £426k | — |
| Profit per employee | £27.1k | £29.5k | £15.1k | £91.6k | — |
| Cash conversion | −92.3% | −88.8% | — | — | — |
| Growth (year on year) | |||||
| Revenue growth | — | ▲10.3% | — | ▲13.9% | ▼5.4% |
| Profit growth | — | ▲26.1% | — | ▲27.7% | ▼131.7% |
| Headcount growth | — | ▲15.9% | — | ▼79% | ▼100% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £500k | £604k | — | — | — |
| Net assets | £5.9m | £6.7m | — | — | — |
| Fixed assets | £5.7m | £5.6m | — | — | — |
| Current assets | £3.1m | £3.5m | — | — | — |
| Debtors | £1.9m | £2.1m | — | — | — |
| Deferred income | £293k | £248k | — | — | — |
| Cash from operations | −£2m | −£2.4m | — | — | — |
| Source | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2023 | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2025 | Accounts · bulk data Jul 2026 |
How the business works
- Profit margin
- −7.2%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼100%
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Earps Topco Limitedultimate parent75–100%
- Earps Midco 1 Limited75–100%
- Earps Midco 2 Limited75–100%
- Earps Midco 3 Limited75–100%
- Earps Bidco Limited75–100%
- S&W Partners Group Limited75–100%
- S&W Partners Holdings Limited75–100%
- S&W Partners (Thames Valley) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- HH Secretarial Services LimitedFigures not disclosed
Sister companies (12)
- Clearviewip Advisory LimitedFigures not disclosed
- Evelyn Partners Corporate Finance (East) LLPLiquidationFigures not disclosed
- Fredward 16 LimitedFigures not disclosed
- Peppercorn Tax LimitedFigures not disclosed
- Resolve Advisory LimitedFigures not disclosed
- S&W Partners (East) LLPFigures not disclosed
- S&W Partners (North) Holdings LimitedFigures not disclosed
- S&W Partners (North) LLPFigures not disclosed
- S&W Partners (Scotland) LimitedFigures not disclosed
- S&W Partners (South East) LimitedFigures not disclosed
- S&W Partners Advisory Services (Thames Valley) LLPFigures not disclosed
- S&W Partners LLPFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit −£465k), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.
Updated from Companies House on 12 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.