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Small World Financial Services Group Limited

Small World Financial Services Group Limited is a in administration company incorporated on 29 March 2005 with the registered office located in Manchester, Greater Manchester. Small World Financial Services Group Limited was registered 20 years ago.
Status
In Administration
In administration since 1 year 4 months ago
Company No
05405279
Private limited company
Age
20 years
Incorporated 29 March 2005
Size
Large
Turnover is over £54M
Over 250 employees
Confirmation
Overdue
Confirmation statement overdue by 204 days
Dated 29 March 2024 (1 year 7 months ago)
Next confirmation dated 29 March 2025
Was due on 12 April 2025 (6 months ago)
Last change occurred 7 years ago
Accounts
Overdue
Accounts overdue by 398 days
For period 1 Jan31 Dec 2022 (12 months)
Accounts type is Audit Exemption Subsidiary
Next accounts for period 31 December 2023
Was due on 30 September 2024 (1 year 1 month ago)
Address
C/O Grant Thornton Uk Advisory & Tax Llp 11th Floor Landmark St Peter's Square
1 Oxford St
Manchester
M1 4PB
Address changed on 21 May 2025 (5 months ago)
Previous address was C/O Grant Thornton Uk Llp 11th Floor, Landmark St Peter's Square 1 Oxford Street Manchester M1 4PB
Telephone
08000195080
Email
Available in Endole App
People
Officers
4
Shareholders
1
Controllers (PSC)
1
Director • Ceo • Moroccan • Lives in UK • Born in Oct 1964
Director • British • Lives in UK • Born in Oct 1970
Director • None • Spanish • Lives in Spain • Born in Aug 1976
Director • None • French • Lives in France • Born in Apr 1974
SW Bidco Limited
PSC
Shareholders, PSCs & Group Structure
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Mutual Companies
SW Holdco Limited
Khalid Fellahi, Stanley Wachs, and 2 more are mutual people.
Liquidation
SW Midco Limited
Khalid Fellahi, Stanley Wachs, and 2 more are mutual people.
Liquidation
SW Bidco Limited
Khalid Fellahi, Stanley Wachs, and 2 more are mutual people.
Liquidation
SW Topco Limited
Khalid Fellahi and Ian Savage are mutual people.
Liquidation
Brands
Small World Financial Services
Small World Financial Services was a provider of cross-border payment services, acting as a global payment hub.
Financials
Net Assets, Total Assets & Total Liabilities (2013–2022)
Period Ended
31 Dec 2022
For period 31 Dec31 Dec 2022
Traded for 12 months
Cash in Bank
£41.29M
Increased by £10M (+32%)
Turnover
£137.19M
Decreased by £89.46M (-39%)
Employees
1.02K
Increased by 155 (+18%)
Total Assets
£94.82M
Decreased by £780K (-1%)
Total Liabilities
-£104.01M
Increased by £20.47M (+24%)
Net Assets
-£9.19M
Decreased by £21.25M (-176%)
Debt Ratio (%)
110%
Increased by 22.3% (+26%)
Latest Activity
Administration Period Extended
4 Months Ago on 18 Jun 2025
Registered Address Changed
5 Months Ago on 21 May 2025
Registered Address Changed
1 Year 4 Months Ago on 25 Jun 2024
Administrator Appointed
1 Year 4 Months Ago on 25 Jun 2024
Ian Savage Appointed
1 Year 6 Months Ago on 19 Apr 2024
Confirmation Submitted
1 Year 6 Months Ago on 9 Apr 2024
Subsidiary Accounts Submitted
1 Year 11 Months Ago on 17 Nov 2023
Javier Perez Appointed
2 Years 7 Months Ago on 31 Mar 2023
Mr Stanley Wachs Appointed
2 Years 7 Months Ago on 31 Mar 2023
Martin Brett Boden Resigned
2 Years 7 Months Ago on 31 Mar 2023
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Documents
Administrator's progress report
Submitted on 23 Jul 2025
Notice of extension of period of Administration
Submitted on 18 Jun 2025
Registered office address changed from C/O Grant Thornton Uk Llp 11th Floor, Landmark St Peter's Square 1 Oxford Street Manchester M1 4PB to C/O Grant Thornton Uk Advisory & Tax Llp 11th Floor Landmark St Peter's Square 1 Oxford St Manchester M1 4PB on 21 May 2025
Submitted on 21 May 2025
Administrator's progress report
Submitted on 20 Jan 2025
Notice of deemed approval of proposals
Submitted on 4 Sep 2024
Statement of affairs with form AM02SOA
Submitted on 16 Aug 2024
Statement of administrator's proposal
Submitted on 14 Aug 2024
Appointment of an administrator
Submitted on 25 Jun 2024
Registered office address changed from 209-215 Blackfriars Road London SE1 8NL United Kingdom to C/O Grant Thornton Uk Llp 11th Floor, Landmark St Peter's Square 1 Oxford Street Manchester M1 4PB on 25 June 2024
Submitted on 25 Jun 2024
Appointment of Ian Savage as a director on 19 April 2024
Submitted on 26 Apr 2024
Repayment History
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