Material Change Limited in Ipswich, IP7 6RA

Description

Data updated on: 01-11-2023

05868277 - registration number used by Material Change Limited. This firm was registered as a Private Limited Company on July 6, 2006. This firm has been present on the market for the last 18 years. The firm could be found at Dairy Farm Office Dairy Road Semer in Ipswich. It's area code assigned to this address is IP7 6RA. This firm has operated under three names. The company's initial official name, Swift Composting, was changed on August 11, 2006 to Swift Renewable Energy. The current name is in use since 2018, is Material Change Limited. This business's classified under the NACE and SIC code 70229 and their NACE code stands for Management consultancy activities other than financial management. 2022-10-31 is the last time when the accounts were filed.

At the moment, the directors chosen by the following business are as follow: Nicholas C. chosen to lead the company on November 1, 2019, Hannah M. chosen to lead the company 6 years ago, Edward B. chosen to lead the company on April 9, 2008 and 2 other members of the Management Board who might be found within the Company Staff section of our website. Furthermore, the director's tasks are constantly aided with by a secretary - Hannah M., who was appointed by this business sixteen years ago.

Previous company's names
Material Change Limited 2018-01-23
Swift Renewable Energy Limited 2006-08-11
Swift Composting Limited 2006-07-06

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31
Currency

Balance Sheet
Cash Bank On Hand	536 722	371 568	1 125 853	1 113 097	699 520
Current Assets	5 019 650	10 789 222	15 824 432	16 191 644	15 709 163
Debtors	4 407 928	10 367 408	14 622 818	15 002 347	14 933 413
Net Assets Liabilities	164 240	815 643	1 524 692	6 609 510	7 109 855
Other Debtors	279 572	164 016	408 970	486 048	534 962
Property Plant Equipment	156 663	222 671	220 048	298 669	487 533
Total Inventories	75 000	50 246	75 761	76 200	76 230

Other Financial Data
Audit Fees Expenses		16 275	16 275	17 000	19 250
Company Contributions To Money Purchase Plans Directors		13 607	19 212	89 470	115 975
Director Remuneration		254 317	387 017	413 968	423 357
Number Directors Accruing Benefits Under Money Purchase Scheme		2	3	3	4
Accrued Liabilities Deferred Income	957 780	243 183	194 771	467 121	478 462
Accumulated Depreciation Impairment Property Plant Equipment	44 501	82 248	134 778	156 802	227 946
Amounts Owed By Group Undertakings	263 602	2 553 409	4 630 994	4 706 447	5 624 697
Amounts Owed By Joint Ventures	23 985
Amounts Owed To Group Undertakings	1 592 097	2 941 449	878 503	3 041 926	4 422 629
Average Number Employees During Period	41	50	62	62	67
Creditors	1 592 097	2 941 449	887 889	35 057	74 611
Disposals Decrease In Depreciation Impairment Property Plant Equipment		2 138	1 483	35 805	12 759
Disposals Property Plant Equipment		10 129	1 483	53 809	19 031
Finished Goods	75 000	50 246	75 761	76 200	76 230
Fixed Assets	156 663	222 693	220 070	3 098 691	4 287 633
Increase From Depreciation Charge For Year Property Plant Equipment		39 885	54 013	57 829	83 903
Investments Fixed Assets		22	22	2 800 022	3 800 100
Investments In Group Undertakings		22	22	2 800 022	3 800 100
Net Current Assets Liabilities	1 599 674	3 534 399	2 192 511	3 545 876	3 529 753
Number Shares Issued Fully Paid		616 600	616 600	700 000	700 000
Other Creditors	42 214	5 182	38 487	10 616	1 014 533
Other Taxation Social Security Payable	44 031	77 355	64 608	61 951	86 307
Par Value Share		1	1	1	1
Prepayments Accrued Income	274 716	85 063	11 601	1 208	1 715
Profit Loss		651 403	709 049	2 284 818	500 345
Property Plant Equipment Gross Cost	201 164	304 919	354 826	455 471	715 479
Total Additions Including From Business Combinations Property Plant Equipment		113 884	51 390	154 454	279 039
Total Assets Less Current Liabilities	1 756 337	3 757 092	2 412 581	6 644 567	7 817 386
Trade Creditors Trade Payables	2 071 542	6 646 707	7 679 512	8 587 009	5 982 940
Trade Debtors Trade Receivables	3 566 053	7 564 920	9 571 253	9 808 644	8 772 039
Administrative Expenses		1 603 783	2 019 334	1 850 539	2 313 502
Applicable Tax Rate		19	19
Comprehensive Income Expense		651 403	709 049	2 284 818	500 345
Cost Sales		8 683 960	12 835 380	13 103 795	12 923 250
Depreciation Expense Property Plant Equipment		39 885	53 485	48 168	55 196
Finance Lease Liabilities Present Value Total			3 218	15 172	48 203
Further Item Interest Expense Component Total Interest Expense		20 343	178 549	154 859	112 765
Gain Loss Before Tax On Sale Discontinued Operations				-1 616 284	-1 226 510
Gain Loss On Disposals Other Non-current Assets					599 980
Gain Loss On Disposals Property Plant Equipment		4 759		13 296	3 134
Gross Profit Loss		2 296 013	2 821 935	3 536 661	2 851 324
Income From Shares In Group Undertakings				2 279 935	350 000
Increase Decrease In Property Plant Equipment			15 849	56 547	98 627
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts					2 079
Interest Payable Similar Charges Finance Costs		20 343	178 549	154 859	114 844
Issue Bonus Shares Decrease Increase In Equity				-2 716 600
Issue Equity Instruments				2 800 000
Nominal Value Shares Issued Specific Share Issue				1
Operating Profit Loss		671 746	866 817	1 724 452	874 074
Other Interest Receivable Similar Income Finance Income			20 781	51 574	17 645
Other Operating Income Format1		-20 484	64 216	38 330	336 252
Pension Other Post-employment Benefit Costs Other Pension Costs		102 598	93 484	148 341	190 207
Percentage Class Share Held In Subsidiary			100	100	100
Profit Loss On Ordinary Activities Before Tax		651 403	709 049	2 284 818	500 345
Provisions For Liabilities Balance Sheet Subtotal					632 920
Social Security Costs		208 961	251 322	246 747	316 138
Staff Costs Employee Benefits Expense		2 094 745	2 659 602	2 810 215	3 455 694
Tax Decrease From Utilisation Tax Losses		107 789	139 954
Tax Expense Credit Applicable Tax Rate		123 767	134 719
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		-12 934	4 685
Turnover Revenue		10 979 973	15 657 315	16 640 456	15 774 574
Wages Salaries		1 783 186	2 314 796	2 415 127	2 949 349