Wholesale of radio and television goods and of electrical household appliances (other than of gramophone records, audio tapes, compact discs and video tapes and the equipment on which these are played) n.e.c.
swift electrical wholesalers (s-o-t) limitedEstimated Valuation
£6.4m
Pomanda estimates the enterprise value of SWIFT ELECTRICAL WHOLESALERS (S-O-T) LIMITED at £6.4m based on a Turnover of £15.6m and 0.41x industry multiple (adjusted for size and gross margin).
swift electrical wholesalers (s-o-t) limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of SWIFT ELECTRICAL WHOLESALERS (S-O-T) LIMITED at £0 based on an EBITDA of £-1m and a 3.87x industry multiple (adjusted for size and gross margin).
swift electrical wholesalers (s-o-t) limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of SWIFT ELECTRICAL WHOLESALERS (S-O-T) LIMITED at £0 based on Net Assets of £-1.4m and 2.12x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Swift Electrical Wholesalers (s-o-t) LimitedOverview
Swift Electrical Wholesalers (s-o-t) Limited is a live company located in birmingham, B3 2RT with a Companies House number of 02401639. It operates in the wholesale of household goods (other than musical instruments) n.e.c. sector, SIC Code 46439. Founded in July 1989, it's largest shareholder is
honer holdings limited
with a 100% stake. Swift Electrical Wholesalers (s-o-t) Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£15.6m with
declining
growth in recent years.
Swift Electrical Wholesalers (s-o-t) Limited Health Check
Pomanda's financial health check has awarded Swift Electrical Wholesalers (S-O-T) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
4 Strong
2 Regular
6 Weak
Size
annual sales of £15.6m, make it smaller than the average company (£24.8m)
£15.6m - Swift Electrical Wholesalers (s-o-t) Limited
£24.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (6.9%)
-7% - Swift Electrical Wholesalers (s-o-t) Limited
6.9% - Industry AVG
Production
with a gross margin of 18.1%, this company has a comparable cost of product (22.5%)
18.1% - Swift Electrical Wholesalers (s-o-t) Limited
22.5% - Industry AVG
Profitability
an operating margin of -6.9% make it less profitable than the average company (3.9%)
-6.9% - Swift Electrical Wholesalers (s-o-t) Limited
3.9% - Industry AVG
Employees
with 51 employees, this is similar to the industry average (50)
51 - Swift Electrical Wholesalers (s-o-t) Limited
50 - Industry AVG
Pay Structure
on an average salary of £33.6k, the company has a lower pay structure (£50.2k)
£33.6k - Swift Electrical Wholesalers (s-o-t) Limited
£50.2k - Industry AVG
Efficiency
resulting in sales per employee of £305.7k, this is less efficient (£558.8k)
£305.7k - Swift Electrical Wholesalers (s-o-t) Limited
£558.8k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is earlier than average (61 days)
37 days - Swift Electrical Wholesalers (s-o-t) Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 99 days, this is slower than average (35 days)
99 days - Swift Electrical Wholesalers (s-o-t) Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 45 days, this is less than average (80 days)
45 days - Swift Electrical Wholesalers (s-o-t) Limited
80 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Swift Electrical Wholesalers (s-o-t) Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 134.7%, this is a higher level of debt than the average (59.4%)
134.7% - Swift Electrical Wholesalers (s-o-t) Limited
59.4% - Industry AVG
SWIFT ELECTRICAL WHOLESALERS (S-O-T) LIMITED financials
EXPORT
Swift Electrical Wholesalers (S-O-T) Limited's latest turnover from December 2022 is £15.6 million and the company has net assets of -£1.4 million. According to their latest financial statements, Swift Electrical Wholesalers (S-O-T) Limited has 51 employees and maintains cash reserves of £91.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
15,591,064
19,141,852
15,336,359
19,477,981
21,429,236
21,213,542
21,109,783
19,534,890
19,686,337
18,310,173
17,974,885
16,868,662
17,692,313
17,955,558
Other Income Or Grants
Cost Of Sales
12,773,884
15,766,003
12,702,994
15,913,429
17,592,645
17,341,602
17,180,604
15,920,394
16,151,518
14,988,591
14,779,607
13,968,335
14,575,721
14,813,478
Gross Profit
2,817,180
3,375,849
2,633,365
3,564,552
3,836,591
3,871,940
3,929,179
3,614,496
3,534,819
3,321,582
3,195,278
2,900,327
3,116,592
3,142,080
Admin Expenses
3,893,463
3,856,559
3,323,884
3,843,039
3,586,289
3,397,946
3,460,143
3,194,003
3,156,463
3,076,129
2,979,835
2,856,739
2,932,731
3,078,680
Operating Profit
-1,076,283
-480,710
-690,519
-278,487
250,302
473,994
469,036
420,493
378,356
245,453
215,443
43,588
183,861
63,400
Interest Payable
99,396
75,567
33,396
61,821
11,242
13,480
11,075
8,846
6,502
6,789
8,776
10,969
23,636
39,707
Interest Receivable
28,980
26,479
49,055
49,044
6,948
4,916
2,981
1,954
1,670
1,904
1,668
1,139
2,153
2,876
Pre-Tax Profit
-1,146,699
-529,798
-674,860
-291,264
269,366
465,430
570,941
413,601
373,524
240,568
208,335
33,758
162,378
26,569
Tax
9,560
117,281
46,654
-62,108
-98,612
-118,640
-92,852
-85,394
-67,111
-62,013
-19,049
25,186
-206
Profit After Tax
-1,146,699
-520,238
-557,579
-244,610
207,258
366,818
452,301
320,749
288,130
173,457
146,322
14,709
187,564
26,363
Dividends Paid
3,460,507
50,000
50,000
30,000
30,000
Retained Profit
-1,146,699
-520,238
-4,018,086
-244,610
207,258
316,818
402,301
290,749
258,130
173,457
146,322
14,709
187,564
26,363
Employee Costs
1,711,736
1,818,675
1,876,027
1,834,668
1,773,989
1,744,038
1,788,234
1,724,625
1,647,749
1,623,845
1,556,264
1,436,632
1,499,987
1,665,819
Number Of Employees
51
58
61
63
64
65
68
68
68
65
65
65
65
71
EBITDA*
-1,001,330
-361,894
-541,889
-93,803
432,223
704,687
658,204
580,128
510,941
397,211
383,111
250,754
448,415
299,555
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
88,529
133,112
73,237
166,453
281,784
790,521
771,628
624,133
683,952
598,580
680,764
688,015
742,160
833,662
Intangible Assets
18,635
34,467
38,579
44,347
65,707
105,376
144,397
175,859
216,392
189,310
217,190
245,070
272,948
300,829
Investments & Other
1
1
1
1
1
1
110,000
110,000
110,000
110,000
110,000
110,000
110,000
Debtors (Due After 1 year)
Total Fixed Assets
107,165
167,580
111,817
210,801
347,491
895,898
916,026
909,992
1,010,344
897,890
1,007,954
1,043,085
1,125,108
1,244,491
Stock & work in progress
1,601,242
1,479,662
1,525,054
1,831,580
2,260,970
2,341,536
2,016,761
2,046,282
2,091,869
1,820,138
1,738,382
1,410,104
1,267,553
1,396,570
Trade Debtors
1,595,136
1,885,803
2,781,410
2,105,285
2,182,529
2,435,889
2,362,029
2,026,699
2,108,565
1,908,215
1,925,988
1,848,181
2,306,463
2,065,732
Group Debtors
654,448
616,685
307,887
3,571,716
Misc Debtors
106,063
234,628
310,407
615,147
332,012
356,462
348,006
349,072
385,038
379,270
362,433
349,961
376,974
Cash
91,408
6,565
58,685
4,056
1,101,287
751,555
544,493
406,463
315,380
309,555
304,168
12,612
293,289
292,755
misc current assets
total current assets
4,048,297
4,223,343
4,983,443
8,127,784
5,912,095
5,860,992
5,279,745
4,827,450
4,864,886
4,422,946
4,347,808
3,633,330
4,217,266
4,132,031
total assets
4,155,462
4,390,923
5,095,260
8,338,585
6,259,586
6,756,890
6,195,771
5,737,442
5,875,230
5,320,836
5,355,762
4,676,415
5,342,374
5,376,522
Bank overdraft
3
417,444
646,764
975,249
627,577
712,214
814,045
Bank loan
56,127
1,441,920
1,283,490
1,755,834
38,336
49,475
Trade Creditors
3,476,617
2,632,106
2,755,150
2,068,937
1,253,339
1,802,815
1,542,867
1,660,688
1,785,189
1,342,149
1,227,655
1,117,297
1,492,739
1,504,348
Group/Directors Accounts
110,000
other short term finances
82,786
12,000
hp & lease commitments
22,118
22,118
22,630
105,674
94,772
37,101
35,223
10,637
34,547
118,068
other current liabilities
1,895,896
365,134
609,392
241,025
536,410
571,880
438,289
283,241
331,862
326,254
240,622
342,424
236,608
total current liabilities
5,450,761
4,461,278
4,648,032
4,088,426
1,846,200
2,444,899
2,209,519
2,136,078
2,521,097
2,320,775
2,529,158
1,996,133
2,620,260
2,844,544
loans
116,099
172,225
220,834
1
1
1
110,000
110,000
110,000
110,000
110,000
155,014
111,249
hp & lease commitments
29,145
51,264
105,736
110,707
29,059
66,160
11,527
52,720
Accruals and Deferred Income
other liabilities
provisions
5,678
48,195
34,303
23,365
29,782
total long term liabilities
145,244
223,489
220,834
5,679
48,069
153,932
145,011
162,424
205,942
110,000
110,000
110,000
166,541
163,969
total liabilities
5,596,005
4,684,767
4,868,866
4,094,105
1,894,269
2,598,831
2,354,530
2,298,502
2,727,039
2,430,775
2,639,158
2,106,133
2,786,801
3,008,513
net assets
-1,440,543
-293,844
226,394
4,244,480
4,365,317
4,158,059
3,841,241
3,438,940
3,148,191
2,890,061
2,716,604
2,570,282
2,555,573
2,368,009
total shareholders funds
-1,440,543
-293,844
226,394
4,244,480
4,365,317
4,158,059
3,841,241
3,438,940
3,148,191
2,890,061
2,716,604
2,570,282
2,555,573
2,368,009
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
-1,076,283
-480,710
-690,519
-278,487
250,302
473,994
469,036
420,493
378,356
245,453
215,443
43,588
183,861
63,400
Depreciation
52,371
96,042
111,662
142,312
181,921
182,734
145,256
113,822
104,705
123,878
139,788
179,288
236,673
208,273
Amortisation
22,582
22,774
36,968
42,372
47,959
43,912
45,813
27,880
27,880
27,880
27,878
27,881
27,882
Tax
9,560
117,281
46,654
-62,108
-98,612
-118,640
-92,852
-85,394
-67,111
-62,013
-19,049
25,186
-206
Stock
121,580
-45,392
-306,526
-429,390
-80,566
324,775
-29,521
-45,587
271,731
81,756
328,278
142,551
-129,017
1,396,570
Debtors
-381,469
-662,588
-2,892,444
4,109,619
-585,372
49,410
343,786
-82,932
164,384
-12,005
94,644
-445,810
213,718
2,442,706
Creditors
844,511
-123,044
686,213
815,598
-549,476
259,948
-117,821
-124,501
443,040
114,494
110,358
-375,442
-11,609
1,504,348
Accruals and Deferred Income
1,530,762
-244,258
368,367
241,025
-536,410
-35,470
133,591
155,048
-48,621
5,608
85,632
-101,802
105,816
236,608
Deferred Taxes & Provisions
-5,678
5,678
-48,195
13,892
10,938
-6,417
29,782
Cash flow from operations
1,633,832
-11,656
3,823,264
-2,665,077
-98,028
470,260
252,007
639,925
413,633
380,451
94,166
57,720
483,107
-1,798,971
Investing Activities
capital expenditure
-14,538
-174,579
-49,646
-47,993
366,485
-86,406
-100,077
-52,988
-101,264
-41,694
-132,537
-113,643
-141,671
16,905
Change in Investments
1
-1
-109,999
110,000
cash flow from investments
-14,538
-174,579
-49,646
-47,994
366,486
-86,406
9,922
-52,988
-101,264
-41,694
-132,537
-113,643
-141,671
-93,095
Financing Activities
Bank loans
-1,385,793
158,430
-472,344
1,755,834
-38,336
-11,139
49,475
Group/Directors Accounts
-110,000
110,000
Other Short Term Loans
-82,786
82,786
-12,000
12,000
Long term loans
-56,126
-48,609
220,833
1
-1
-109,999
-45,014
43,765
111,249
Hire Purchase and Lease Commitments
-22,119
73,382
-22,630
22,630
-211,410
5,931
139,319
-35,223
101,383
-10,637
-35,437
-124,714
170,788
other long term liabilities
share issue
123,773
2,341,646
interest
-70,416
-49,088
15,659
-12,777
-4,294
-8,564
-8,094
-6,892
-4,832
-4,885
-7,108
-9,830
-21,483
-36,831
cash flow from financing
-1,534,454
134,115
-258,482
1,806,675
-132,919
-2,633
21,226
-42,115
96,551
-4,885
-17,745
-128,617
-235,571
2,758,327
cash and cash equivalents
cash
84,843
-52,120
54,629
-1,097,231
349,732
207,062
138,030
91,083
5,825
5,387
291,556
-280,677
534
292,755
overdraft
3
-417,444
-229,320
-328,485
347,672
-84,637
-101,831
814,045
change in cash
84,840
-52,120
54,629
-1,097,231
349,732
207,062
138,030
508,527
235,145
333,872
-56,116
-196,040
102,365
-521,290
swift electrical wholesalers (s-o-t) limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for swift electrical wholesalers (s-o-t) limited. Get real-time insights into swift electrical wholesalers (s-o-t) limited's credit score, group structure and payment trends.
Swift Electrical Wholesalers (s-o-t) Limited Competitor Analysis
Perform a competitor analysis for swift electrical wholesalers (s-o-t) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in B 3 area or any other competitors across 12 key performance metrics.
swift electrical wholesalers (s-o-t) limited Ownership
SWIFT ELECTRICAL WHOLESALERS (S-O-T) LIMITED group structure
Swift Electrical Wholesalers (S-O-T) Limited has 1 subsidiary company.
SWIFT ELECTRICAL WHOLESALERS (S-O-T) LIMITED Shareholders
The sole shareholder of Swift Electrical Wholesalers (S-O-T) Limited is Honer Holdings Limited.
honer holdings limited
100%
swift electrical wholesalers (s-o-t) limited directors
Swift Electrical Wholesalers (S-O-T) Limited currently has 4 directors.
The longest serving directors include
Mr Christopher Honer (Mar 2019) and
Ms Sharon Honer (Mar 2019).
swift electrical wholesalers (s-o-t) limited company details
company number
02401639
Type
Private limited with Share Capital
industry
46439 - Wholesale of radio and television goods and of electrical household appliances (other than of gramophone records, audio tapes, compact discs and video tapes and the equipment on which these are played) n.e.c.
swift electrical wholesalers (s-o-t) limited Charges & Mortgages
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 found 7 charges/mortgages relating to swift electrical wholesalers (s-o-t) limited. Currently there are 1 open charges and 6 have been satisfied in the past.
swift electrical wholesalers (s-o-t) limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for SWIFT ELECTRICAL WHOLESALERS (S-O-T) LIMITED. This can take several minutes, an email will notify you when this has completed.
swift electrical wholesalers (s-o-t) limitedCompanies House Filings - See Documents
