Swiss Finance Corporation started in year 1988 as Private Limited Company with registration number 02278043. The Swiss Finance Corporation company has been functioning successfully for 36 years now and its status is active. The firm's office is based in Harley Street at 33 Cavendish Square. Postal code: W1G 0PW. Since Thursday 7th December 1995 Swiss Finance Corporation Limited is no longer carrying the name Sabex Futures.
Currently there are 2 directors in the the company, namely Stephen S. and Sanjay A.. In addition one secretary - Sanjay A. - is with the firm. As of 15 May 2024, there were 7 ex directors - Hakan B., Kamran U. and others listed below. There were no ex secretaries.
| Office Address | 33 Cavendish Square |
| Office Address2 | London |
| Town | Harley Street |
| Post code | W1G 0PW |
| Country of origin | United Kingdom |
| Registration Number | 02278043 |
| Date of Incorporation | Mon, 18th Jul 1988 |
| Industry | Security and commodity contracts dealing activities |
| End of financial Year | 31st December |
| Company age | 36 years old |
| Account next due date | Mon, 30th Sep 2024 (138 days left) |
| Account last made up date | Sat, 31st Dec 2022 |
| Next confirmation statement due date | Sun, 14th Jan 2024 (2024-01-14) |
| Last confirmation statement dated | Sat, 31st Dec 2022 |
Position: Director
Appointed: 20 June 2022
Position: Director
Appointed: 10 August 1998
Position: Secretary
Appointed: 28 November 1994
The list of persons with significant control who own or control the company consists of 1 name. As BizStats established, there is Marc D. The abovementioned PSC and has 75,01-100% shares.
Marc D.
| Notified on | 6 April 2016 |
| Nature of control: |
75,01-100% shares |
| Sabex Futures | December 7, 1995 |
| Profit & Loss | ||||
|---|---|---|---|---|
| Accounts Information Date | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
| Balance Sheet | ||||
| Cash Bank On Hand | 46 987 | 21 305 | 66 963 | 53 012 |
| Current Assets | 8 294 195 | 10 244 359 | 13 151 526 | 15 594 570 |
| Debtors | 8 247 208 | 10 223 054 | 13 084 563 | 15 541 558 |
| Net Assets Liabilities | 885 353 | 2 550 432 | 1 883 109 | 6 515 274 |
| Other Debtors | 268 541 | 242 832 | 250 904 | 236 587 |
| Property Plant Equipment | 15 878 | 24 091 | 47 909 | 133 903 |
| Other | ||||
| Audit Fees Expenses | 25 000 | 25 000 | 23 000 | 24 500 |
| Fees For Non-audit Services | 10 011 | 11 670 | ||
| Other Non-audit Services Fees | 5 450 | 7 000 | 7 800 | |
| Other Taxation Advisory Services Fees | 4 162 | 4 561 | 4 670 | 2 700 |
| Total Fees To Auditors | 11 670 | 10 500 | ||
| Accrued Liabilities Deferred Income | 335 078 | 428 212 | 222 635 | 451 587 |
| Accumulated Depreciation Impairment Property Plant Equipment | 901 903 | 909 152 | 921 688 | 950 691 |
| Additions Other Than Through Business Combinations Property Plant Equipment | 15 462 | 36 354 | 114 997 | |
| Administrative Expenses | 2 316 443 | 2 804 135 | 2 887 388 | 3 122 314 |
| Average Number Employees During Period | 17 | 14 | 15 | 15 |
| Cash Cash Equivalents Cash Flow Value | 46 987 | 21 305 | 66 963 | 53 012 |
| Cost Sales | 1 021 651 | 4 672 105 | 2 951 107 | 4 241 663 |
| Creditors | 30 564 | 16 181 | 1 798 | 9 213 199 |
| Depreciation Expense Property Plant Equipment | 5 876 | 7 249 | 12 536 | 29 003 |
| Depreciation Impairment Expense Property Plant Equipment | 5 876 | 7 249 | 12 536 | 29 003 |
| Financial Assets | 7 981 954 | 9 972 210 | ||
| Financial Liabilities | 7 391 341 | 7 688 704 | ||
| Further Item Creditors Component Total Creditors | 30 564 | 16 181 | 1 798 | |
| Further Item Interest Expense Component Total Interest Expense | 46 064 | 8 263 | 784 | 18 490 |
| Further Item Tax Increase Decrease Component Adjusting Items | 1 117 | 1 377 | 2 381 | 5 511 |
| Further Non-cash Item Leading To Gain Loss In Cash Flows Component Total Adjustments From Non-cash Items | 22 373 | -89 065 | -1 402 | |
| Future Minimum Lease Payments Under Non-cancellable Operating Leases | 856 650 | 583 373 | 310 096 | 1 184 800 |
| Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss | -22 373 | 89 065 | 1 402 | 54 751 |
| Gain Loss In Cash Flows From Change In Creditors Trade Other Payables | -1 284 097 | 293 298 | 3 598 308 | -2 103 127 |
| Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables | -1 327 493 | 1 995 846 | 2 861 509 | 2 456 995 |
| Gain Loss On Financial Assets Amortised Cost | 12 828 084 | 15 194 320 | ||
| Gain Loss On Financial Liabilities Amortised Cost | 11 288 247 | 9 168 875 | ||
| Government Grant Income | 21 518 | 49 588 | ||
| Gross Profit Loss | 1 670 147 | 3 421 139 | 2 161 492 | 2 966 366 |
| Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation | -44 256 | 13 951 | ||
| Increase Decrease In Cash Cash Equivalents From Foreign Exchange Differences | -22 373 | 89 065 | 1 402 | |
| Increase From Depreciation Charge For Year Property Plant Equipment | 7 249 | 12 536 | 29 003 | |
| Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings | 3 050 | 2 553 | 3 600 | 3 740 |
| Interest Paid Classified As Operating Activities | -4 384 | -22 230 | ||
| Interest Payable Similar Charges Finance Costs | 49 114 | 10 816 | 4 384 | 22 230 |
| Interest Received Classified As Investing Activities | -136 743 | -37 373 | -13 369 | -110 343 |
| Issue Equity Instruments | 500 000 | 1 000 000 | 4 700 000 | |
| Key Management Personnel Compensation Total | 362 078 | 237 642 | 235 920 | |
| Net Cash Flows From Used In Financing Activities | 4 700 000 | |||
| Net Cash Flows From Used In Investing Activities | 22 985 | 4 654 | ||
| Net Cash Flows From Used In Operating Activities | 623 765 | 1 156 658 | -67 241 | 4 709 297 |
| Net Cash Generated From Operations | 574 651 | 1 145 842 | -71 625 | 4 687 067 |
| Net Current Assets Liabilities | 900 039 | 2 542 522 | 1 836 998 | 6 381 371 |
| Net Finance Income Costs | 136 743 | 37 373 | 13 369 | 110 343 |
| Net Interest Paid Received Classified As Operating Activities | -49 114 | -10 816 | -4 384 | |
| Number Shares Issued Fully Paid | 5 300 000 | |||
| Operating Profit Loss | -646 296 | 638 522 | -676 308 | -155 948 |
| Other Creditors | 14 383 | 14 383 | 14 383 | 1 798 |
| Other Interest Income | 136 743 | 37 373 | 13 369 | 110 343 |
| Other Interest Receivable Similar Income Finance Income | 136 743 | 37 373 | 13 369 | 110 343 |
| Other Operating Income Format1 | 21 518 | 49 588 | ||
| Other Revenue | 136 743 | 37 373 | 13 369 | |
| Other Taxation Social Security Payable | 33 379 | 29 314 | 28 079 | 44 324 |
| Par Value Share | 1 | 1 | ||
| Pension Costs Defined Contribution Plan | 5 938 | 7 783 | 6 735 | 10 542 |
| Pension Other Post-employment Benefit Costs Other Pension Costs | 5 938 | 7 783 | 6 735 | 10 542 |
| Prepayments Accrued Income | 226 190 | 218 217 | 215 052 | 295 695 |
| Proceeds From Issuing Shares | -500 000 | -1 000 000 | -4 700 000 | |
| Proceeds From Sales Or Maturity Financial Assets Other Than Trading Investments | 20 000 | -20 000 | ||
| Profit Loss | -558 667 | 665 079 | -667 323 | -67 835 |
| Profit Loss On Ordinary Activities Before Tax | -558 667 | 665 079 | -667 323 | -67 835 |
| Property Plant Equipment Gross Cost | 917 781 | 933 243 | 969 597 | 1 084 594 |
| Purchase Property Plant Equipment | -1 346 | -15 462 | -36 354 | -114 997 |
| Revenue From Rendering Services | 2 691 798 | 8 093 244 | 5 112 599 | 7 208 029 |
| Social Security Costs | 109 068 | 192 028 | 193 734 | 220 380 |
| Staff Costs Employee Benefits Expense | 1 036 854 | 1 680 108 | 1 717 674 | 1 873 477 |
| Tax Decrease From Utilisation Tax Losses | 126 109 | |||
| Tax Expense Credit Applicable Tax Rate | -106 147 | 126 365 | -126 791 | -12 889 |
| Tax Increase Decrease From Effect Capital Allowances Depreciation | -3 621 | -5 705 | -9 197 | -26 563 |
| Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss | 6 993 | 4 072 | 2 858 | 2 248 |
| Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward | 101 658 | 130 749 | 31 693 | |
| Total Assets Less Current Liabilities | 915 917 | 2 566 613 | 1 884 907 | 6 515 274 |
| Total Operating Lease Payments | 273 277 | 273 277 | 273 277 | 273 277 |
| Trade Creditors Trade Payables | 7 011 316 | 7 229 928 | 11 049 431 | 8 715 490 |
| Trade Debtors Trade Receivables | 7 752 477 | 9 762 005 | 12 618 607 | 15 009 276 |
| Turnover Revenue | 2 691 798 | 8 093 244 | 5 112 599 | 7 208 029 |
| Wages Salaries | 921 848 | 1 480 297 | 1 517 205 | 1 642 555 |
| Advances Credits Directors | 20 000 | 80 000 | ||
| Advances Credits Made In Period Directors | 210 | |||
| Advances Credits Repaid In Period Directors | 20 210 | |||
| Company Contributions To Defined Benefit Plans Directors | 702 | |||
| Director Remuneration | 320 112 | 211 777 | 210 277 | 666 735 |
| Director Remuneration Benefits Including Payments To Third Parties | 108 333 | 108 103 | 106 603 | 384 811 |
| Number Directors Accruing Retirement Benefits | 1 | 1 | 1 | |
| Type | Category | Free download | |
|---|---|---|---|
| AA |
Full accounts data made up to Saturday 31st December 2022 filed on: 10th, May 2023 |
accounts | Free Download (27 pages) |
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