Sunswap Ltd
Registered name: SUNSWAP LTD
Sunswap Ltd made £5.1m revenue and a £14m loss in the year to 31 Dec 2025. read from filing text
Sunswap Ltd’s revenue grew 914% to £5.1m in the year to 31 Dec 2025, with a loss of £14m and 98 employees. The company is classified under “manufacture of non-domestic cooling and ventilation equipment” and is based in Leatherhead; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Leatherhead, London
- Age
- 6 yrs · since 2020
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Nov 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £507k | £5.1m |
| Cost of sales | — | — | £3m | £7.9m |
| Gross profit | — | — | −£2.5m | −£2.7m |
| Operating profit | — | — | −£8.7m | −£11m |
| Profit before tax | — | — | −£8.3m | −£14.5m |
| Profit after tax | — | — | −£7.9m | −£14m |
| Profit (best available) | — | — | −£7.9m | −£14m |
| Staff costs | — | — | £3.8m | £6.8m |
| Employees (average) | 14 | 30 | 55 | 98 |
| Ratios | ||||
| Profit margin | — | — | −1553% | −271.6% |
| Gross margin | — | — | −482.9% | −53.2% |
| Revenue per employee | — | — | £9.2k | £52.5k |
| Profit per employee | — | — | −£143k | −£143k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲914.2% |
| Headcount growth | — | ▲114.3% | ▲83.3% | ▲78.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £2.6m | £2.4m | £9.9m | £4.5m |
| Net assets | — | — | £12m | −£1.3m |
| Fixed assets | £275k | £920k | £1.2m | £1.8m |
| Current assets | £3m | £3.3m | £11.9m | £9.8m |
| Debtors | £178 | £0 | £113k | £2.4m |
| Deferred income | — | — | £107k | £106k |
| Cash from operations | — | — | £7.8m | £11.8m |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data May 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −271.6%
- Profit ÷ revenue.
- Gross margin
- −53.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £52.5k
- Revenue ÷ average employees.
- Profit per employee
- −£143k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 35%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 46.7%
- 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
- ▼110%
- Now −£1.3m
- Cash at bank
- ▼55%
- Now £4.5m
- Headcount
- ▲78%
- Now 98
- Deferred income
- ▼1%
- Now £106k
- Fixed assets
- ▲46%
- Now £1.8m
Similar profitable businesses
- Volz Filters UK LimitedManchester · Manufacture of non-domestic cooling and ventilation equipment
- Revenue
- £10.1m
- Profit
- £359k
- Staff
- 59
- H C Coils Ltd.Fareham · Manufacture of non-domestic cooling and ventilation equipment
- Revenue
- £10.3m
- Profit
- £1.8m
- Staff
- 70
- Precision Refrigeration LimitedThetford · Manufacture of non-domestic cooling and ventilation equipment
- Revenue
- £10.5m
- Profit
- £1.4m
- Staff
- 61
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£14m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.