Swift Business Solutions Limited

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swift business solutions limited Company Information

Dissolved

Company Number

00936069

Website

www.thinkswift.co.uk

Registered Address

79 caroline street, birmingham, B3 1UP

Industry

Wholesale of office furniture

Wholesale of other office machinery and equipment

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Telephone

01922743454

Next Accounts Due

September 2024

Group Structure

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Directors

Karl Ward7 Years

Shareholders

office recycling solutions (holdings) limited 100%

swift business solutions limited Estimated Valuation

£513.4k

Pomanda estimates the enterprise value of SWIFT BUSINESS SOLUTIONS LIMITED at £513.4k based on a Turnover of £1.3m and 0.41x industry multiple (adjusted for size and gross margin).

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Swift Business Solutions Limited is a dissolved company that was located in birmingham, B3 1UP with a Companies House number of 00936069. It operated in the wholesale of office furniture sector, SIC Code 46650. Founded in July 1968, it's largest shareholder was office recycling solutions (holdings) limited with a 100% stake. The last turnover for Swift Business Solutions Limited was estimated at £1.3m.

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Pomanda's financial health check has awarded Swift Business Solutions Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£13.1m)

Growth

3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (4.5%)

EXPORT

Swift Business Solutions Limited's latest turnover from December 2018 is estimated at £1.3 million and the company has net assets of -£102.7 thousand. According to their latest financial statements, Swift Business Solutions Limited has 10 employees and maintains cash reserves of £13.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,255,973	1,596,729	1,990,017	2,788,042	1,274,847	1,566,324	2,038,642	1,894,221	1,828,670	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	928,213	1,168,421	1,433,776	2,019,577	917,521	1,126,190	1,471,486	1,376,767	1,316,733	0
Gross Profit	327,759	428,308	556,241	768,465	357,326	440,135	567,156	517,454	511,937	0
Admin Expenses	454,147	631,404	832,423	832,818	351,705	433,371	568,777	404,003	490,473	-593,272
Operating Profit	-126,388	-203,096	-276,182	-64,353	5,621	6,764	-1,621	113,451	21,464	593,272
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	67	130	218	912	1,073	562	437	380	281	251
Pre-Tax Profit	-126,321	-202,966	-275,964	-63,441	6,694	7,326	-1,184	113,831	21,744	593,524
Tax	0	0	0	0	-1,406	-1,685	0	-29,596	-6,088	-166,187
Profit After Tax	-126,321	-202,966	-275,964	-63,441	5,288	5,641	-1,184	84,235	15,656	427,337
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-126,321	-202,966	-275,964	-63,441	5,288	5,641	-1,184	84,235	15,656	427,337
Employee Costs	371,470	467,804	678,612	725,597	216,070	258,490	353,409	354,792	343,850	0
Number Of Employees	10	13	19	20	6	7	10	10	10	0
EBITDA*	-122,626	-197,780	-262,460	-49,121	33,278	33,666	22,849	131,124	44,643	615,216

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	10,256	14,018	19,519	668,288	677,478	703,282	705,275	705,908	716,856	737,525
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,500	30,162	23,681	9,780	1,500	1,500	1,500	1,500	1,500	1,500
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	11,756	44,180	43,200	678,068	678,978	704,782	706,775	707,408	718,356	739,025
Stock & work in progress	10,000	10,000	60,445	50,290	45,521	82,364	123,203	69,350	73,209	66,044
Trade Debtors	93,376	154,265	191,934	455,551	303,796	343,396	464,291	425,556	458,536	448,445
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	59,754	42,374	25,632	0	0	0	0	0	0	0
Cash	13,646	4,140	47,831	126,254	238,740	190,400	34,520	140,127	11,883	100,455
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	176,776	210,779	325,842	632,095	588,057	616,160	622,014	635,033	543,628	614,944
total assets	188,532	254,959	369,042	1,310,163	1,267,035	1,320,942	1,328,789	1,342,441	1,261,984	1,353,969
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	164,000	178,896	110,182	307,387	190,487	239,124	261,260	269,714	236,423	303,298
Group/Directors Accounts	107,922	41,500	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	19,279	10,911	32,242	0	0	0	0	0	0	0
total current liabilities	291,201	231,307	142,424	307,387	190,487	239,124	261,260	269,714	236,423	303,298
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	1,735	5,543	9,018	2,033	2,066	35,154	71,939
provisions	0	0	0	0	2,542	5,644	0	0	0	0
total long term liabilities	0	0	0	1,735	8,085	14,662	2,033	2,066	35,154	71,939
total liabilities	291,201	231,307	142,424	309,122	198,572	253,786	263,293	271,780	271,577	375,237
net assets	-102,669	23,652	226,618	1,001,041	1,068,463	1,067,156	1,065,496	1,070,661	990,407	978,732
total shareholders funds	-102,669	23,652	226,618	1,001,041	1,068,463	1,067,156	1,065,496	1,070,661	990,407	978,732

	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-126,388	-203,096	-276,182	-64,353	5,621	6,764	-1,621	113,451	21,464	593,272
Depreciation	3,762	5,316	13,722	15,232	27,657	26,902	24,470	17,673	23,179	21,944
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-1,406	-1,685	0	-29,596	-6,088	-166,187
Stock	0	-50,445	10,155	4,769	-36,843	-40,839	53,853	-3,859	7,165	66,044
Debtors	-43,509	-20,927	-237,985	151,755	-39,600	-120,895	38,735	-32,980	10,091	448,445
Creditors	-14,896	68,714	-197,205	116,900	-48,637	-22,136	-8,454	33,291	-66,875	303,298
Accruals and Deferred Income	8,368	-21,331	32,242	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-2,542	-3,102	5,644	0	0	0	0
Cash flow from operations	-85,645	-79,025	-199,593	-91,287	56,576	177,223	-78,193	171,658	-45,576	237,838
Investing Activities
capital expenditure	0	185	635,047	-6,042	-1,853	-24,909	-23,837	-6,725	-2,510	-759,469
Change in Investments	-28,662	6,481	13,901	8,280	0	0	0	0	0	1,500
cash flow from investments	28,662	-6,296	621,146	-14,322	-1,853	-24,909	-23,837	-6,725	-2,510	-760,969
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	66,422	41,500	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	-1,735	-3,808	-3,475	6,985	-33	-33,088	-36,785	71,939
share issue	0	0	-498,459	-3,981	-3,981	-3,981	-3,981	-3,981	-3,981	551,395
interest	67	130	218	912	1,073	562	437	380	281	251
cash flow from financing	66,489	41,630	-499,976	-6,877	-6,383	3,566	-3,577	-36,689	-40,485	623,585
cash and cash equivalents
cash	9,506	-43,691	-78,423	-112,486	48,340	155,880	-105,607	128,244	-88,572	100,455
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	9,506	-43,691	-78,423	-112,486	48,340	155,880	-105,607	128,244	-88,572	100,455

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for swift business solutions limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in B 3 area or any other competitors across 12 key performance metrics.

SWIFT BUSINESS SOLUTIONS LIMITED group structure

Swift Business Solutions Limited has no subsidiary companies.

Ultimate parent company

OFFICE RECYCLING SOLUTIONS (HOLDINGS) LIMITED

06914135

1 parent

SWIFT BUSINESS SOLUTIONS LIMITED

00936069

SWIFT BUSINESS SOLUTIONS LIMITED Shareholders

office recycling solutions (holdings) limited

100%

Swift Business Solutions Limited currently has 1 director, Mr Karl Ward serving since Feb 2017.

officer	country	age	start	end	role
Mr Karl Ward	United Kingdom	60 years	Feb 2017	-	Director

P&L

December 2018

turnover

1.3m

-21%

operating profit

-126.4k

gross margin

26.1%

-2.71%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2018

net assets

-102.7k

-5.34%

total assets

188.5k

-0.26%

cash

13.6k

+2.3%

net assets

Total assets minus all liabilities

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company number

00936069

Type

Private limited with Share Capital

industry

46760 - Wholesale of other intermediate products

46650 - Wholesale of office furniture

46660 - Wholesale of other office machinery and equipment

incorporation date

July 1968

accounts

Total Exemption Full

ultimate parent company

OFFICE RECYCLING SOLUTIONS (HOLDINGS) LIMITED

previous names

swift business equipment limited (January 2007)

last accounts submitted

December 2018

address

79 caroline street, birmingham, B3 1UP

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We did not find charges/mortgages relating to swift business solutions limited.

swift business solutions limited Company Information

swift business solutions limited Estimated Valuation

swift business solutions limited Estimated Valuation

swift business solutions limited Estimated Valuation

Swift Business Solutions Limited Overview

Swift Business Solutions Limited Health Check

SWIFT BUSINESS SOLUTIONS LIMITED financials

swift business solutions limited Credit Report and Business Information

Swift Business Solutions Limited Competitor Analysis

swift business solutions limited Ownership

swift business solutions limited directors

swift business solutions limited company details

swift business solutions limited Charges & Mortgages

swift business solutions limited Companies House Filings - See Documents