swiftnet limited
swiftnet limited Company Information
Group Structure
View All
Industry
Other telecommunications activities
Registered Address
olympia house armitage road, london, NW11 8RQ
Website
www.swiftnet.co.ukswiftnet limited Estimated Valuation
Pomanda estimates the enterprise value of SWIFTNET LIMITED at £2m based on a Turnover of £2.4m and 0.84x industry multiple (adjusted for size and gross margin).
swiftnet limited Estimated Valuation
Pomanda estimates the enterprise value of SWIFTNET LIMITED at £0 based on an EBITDA of £-122.7k and a 3.54x industry multiple (adjusted for size and gross margin).
swiftnet limited Estimated Valuation
Pomanda estimates the enterprise value of SWIFTNET LIMITED at £4.5m based on Net Assets of £1.9m and 2.41x industry multiple (adjusted for liquidity).
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Swiftnet Limited Overview
Swiftnet Limited is a live company located in london, NW11 8RQ with a Companies House number of 02469394. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in February 1990, it's largest shareholder is amit k ltd with a 100% stake. Swiftnet Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with healthy growth in recent years.
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Swiftnet Limited Health Check
Pomanda's financial health check has awarded Swiftnet Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £2.4m, make it smaller than the average company (£14.1m)
- Swiftnet Limited
£14.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.5%)
- Swiftnet Limited
4.5% - Industry AVG
Production
with a gross margin of 39%, this company has a comparable cost of product (39%)
- Swiftnet Limited
39% - Industry AVG
Profitability
an operating margin of -5.1% make it less profitable than the average company (4.2%)
- Swiftnet Limited
4.2% - Industry AVG
Employees
with 5 employees, this is below the industry average (54)
5 - Swiftnet Limited
54 - Industry AVG
Pay Structure
on an average salary of £66.3k, the company has an equivalent pay structure (£66.3k)
- Swiftnet Limited
£66.3k - Industry AVG
Efficiency
resulting in sales per employee of £482k, this is more efficient (£239.5k)
- Swiftnet Limited
£239.5k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is later than average (40 days)
- Swiftnet Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 147 days, this is slower than average (43 days)
- Swiftnet Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Swiftnet Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is average cash available to meet short term requirements (8 weeks)
8 weeks - Swiftnet Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.4%, this is a similar level of debt than the average (65.7%)
66.4% - Swiftnet Limited
65.7% - Industry AVG
SWIFTNET LIMITED financials
Swiftnet Limited's latest turnover from December 2023 is estimated at £2.4 million and the company has net assets of £1.9 million. According to their latest financial statements, Swiftnet Limited has 5 employees and maintains cash reserves of £604.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 5,603,048 | 4,958,219 | 5,314,807 | 8,223,743 | 7,173,534 | 7,364,165 | |||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 4,792,413 | 7,195,483 | 4,869,391 | 4,956,131 | |||||||||||
| Gross Profit | 522,394 | 1,028,260 | 2,304,143 | 2,408,034 | |||||||||||
| Admin Expenses | 159,127 | 273,806 | 1,968,571 | 2,177,728 | |||||||||||
| Operating Profit | 280,145 | 391,822 | 363,267 | 754,454 | 335,572 | 230,306 | |||||||||
| Interest Payable | 587 | 66 | 2,397 | 32,670 | 34,543 | 12,056 | |||||||||
| Interest Receivable | 88 | 48 | 881 | ||||||||||||
| Pre-Tax Profit | 279,687 | 382,597 | 360,870 | 721,872 | 301,077 | 219,131 | |||||||||
| Tax | -40,999 | -67,326 | -53,938 | -61,049 | -10,066 | -80,006 | |||||||||
| Profit After Tax | 238,688 | 315,271 | 306,932 | 660,823 | 291,011 | 139,125 | |||||||||
| Dividends Paid | 475,650 | 294,000 | |||||||||||||
| Retained Profit | -236,962 | 21,271 | 306,932 | 660,823 | 291,011 | 139,125 | |||||||||
| Employee Costs | 617,093 | 529,612 | 585,318 | 686,386 | 784,398 | 875,194 | |||||||||
| Number Of Employees | 5 | 5 | 5 | 5 | 6 | 9 | 13 | 14 | 15 | 17 | 18 | 19 | 18 | 17 | 19 |
| EBITDA* | 373,340 | 511,978 | 495,539 | 884,170 | 502,893 | 372,680 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 1,012 | 4,527 | 18,150 | 24,630 | 68,025 | 97,005 | 161,078 | 236,991 | 314,714 | 433,361 | |||||
| Intangible Assets | 93,411 | 186,823 | 188,913 | 188,092 | 186,829 | 177,605 | 155,611 | 122,560 | 92,871 | 77,822 | |||||
| Investments & Other | 834,050 | 834,050 | 834,050 | 834,050 | 834,050 | 834,050 | 841,550 | 840,927 | 841,793 | 834,050 | 834,050 | 834,050 | 834,050 | 834,050 | 833,967 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 834,050 | 834,050 | 834,050 | 834,050 | 834,050 | 928,473 | 1,032,900 | 1,047,990 | 1,054,515 | 1,088,904 | 1,108,660 | 1,150,739 | 1,193,601 | 1,241,635 | 1,345,150 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 325,359 | 236,381 | 218,102 | 273,408 | 294,300 | 285,405 | 306,016 | 321,452 | 3,579,550 | 462,491 | 373,730 | 141,245 | 595,805 | 314,712 | 312,256 |
| Group Debtors | 2,703,306 | 2,663,365 | 2,662,968 | 2,598,733 | 2,435,845 | 2,317,062 | 2,084,785 | 2,091,145 | 2,079,613 | 2,256,120 | 2,026,943 | 1,919,543 | 2,127,550 | 2,009,094 | |
| Misc Debtors | 1,084,430 | 1,068,014 | 1,061,337 | 1,051,547 | 1,212,589 | 1,297,786 | 1,242,120 | 1,351,984 | 915,445 | 676,416 | 902,843 | 1,257,137 | 304,470 | 305,449 | |
| Cash | 604,115 | 616,626 | 417,238 | 568,977 | 740,574 | 944,406 | 1,144,080 | 1,184,855 | 826,194 | 1,611,671 | 485,121 | 294,102 | 841,899 | 186,937 | 87,266 |
| misc current assets | |||||||||||||||
| total current assets | 4,717,210 | 4,584,386 | 4,359,645 | 4,492,665 | 4,683,308 | 4,844,659 | 4,777,001 | 4,949,436 | 4,405,744 | 5,069,220 | 3,791,387 | 3,365,133 | 4,614,384 | 2,933,669 | 2,714,065 |
| total assets | 5,551,260 | 5,418,436 | 5,193,695 | 5,326,715 | 5,517,358 | 5,773,132 | 5,809,901 | 5,997,426 | 5,460,259 | 6,158,124 | 4,900,047 | 4,515,872 | 5,807,985 | 4,175,304 | 4,059,215 |
| Bank overdraft | 11 | 22,654 | |||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 596,034 | 450,014 | 445,618 | 207,419 | 202,892 | 246,808 | 299,415 | 563,566 | 3,475,803 | 706,065 | 470,476 | 560,425 | 712,892 | 582,615 | 600,893 |
| Group/Directors Accounts | 2,113,423 | 2,079,177 | 2,237,183 | 2,642,208 | 2,780,453 | 2,915,271 | 3,078,519 | 2,953,288 | 2,218,159 | 1,825,018 | 1,440,876 | 2,895,782 | 1,369,983 | 2,182,556 | |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 977,181 | 934,009 | 579,348 | 646,276 | 628,497 | 602,856 | 442,034 | 464,811 | 1,131,195 | 260,667 | 187,312 | 163,044 | 112,238 | 141,358 | |
| total current liabilities | 3,686,638 | 3,463,200 | 3,262,149 | 3,495,903 | 3,611,842 | 3,764,935 | 3,819,968 | 3,981,665 | 3,475,803 | 4,055,419 | 2,556,161 | 2,188,613 | 3,771,718 | 2,064,847 | 2,947,461 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 730,545 | ||||||||||||||
| provisions | 34,583 | 38,802 | 43,445 | 59,386 | 63,854 | 86,707 | |||||||||
| total long term liabilities | 34,583 | 38,802 | 43,445 | 59,386 | 794,399 | 86,707 | |||||||||
| total liabilities | 3,686,638 | 3,463,200 | 3,262,149 | 3,495,903 | 3,611,842 | 3,764,935 | 3,819,968 | 3,981,665 | 3,475,803 | 4,090,002 | 2,594,963 | 2,232,058 | 3,831,104 | 2,859,246 | 3,034,168 |
| net assets | 1,864,622 | 1,955,236 | 1,931,546 | 1,830,812 | 1,905,516 | 2,008,197 | 1,989,933 | 2,015,761 | 1,984,456 | 2,068,122 | 2,305,084 | 2,283,814 | 1,976,881 | 1,316,058 | 1,025,047 |
| total shareholders funds | 1,864,622 | 1,955,236 | 1,931,546 | 1,830,812 | 1,905,516 | 2,008,197 | 1,989,933 | 2,015,761 | 1,984,456 | 2,068,122 | 2,305,084 | 2,283,814 | 1,976,881 | 1,316,058 | 1,025,047 |
| Dec 2023 | 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 | 280,145 | 391,822 | 363,267 | 754,454 | 335,572 | 230,306 | |||||||||
| Depreciation | 1,012 | 3,515 | 5,556 | 11,427 | 37,937 | 27,252 | 60,263 | 80,632 | 88,827 | 136,266 | 116,433 | ||||
| Amortisation | 93,411 | 93,412 | 62,274 | 63,975 | 62,697 | 65,943 | 59,893 | 51,640 | 40,889 | 31,055 | 25,941 | ||||
| Tax | -40,999 | -67,326 | -53,938 | -61,049 | -10,066 | -80,006 | |||||||||
| Stock | |||||||||||||||
| Debtors | 145,335 | 25,353 | 18,719 | -19,046 | 42,481 | 267,332 | -131,660 | 185,031 | 122,001 | 151,283 | 235,235 | -701,454 | 1,025,753 | 119,933 | 2,626,799 |
| Creditors | 146,020 | 4,396 | 238,199 | 4,527 | -43,916 | -52,607 | -264,151 | -2,912,237 | 2,769,738 | 235,589 | -89,949 | -152,467 | 130,277 | -18,278 | 600,893 |
| Accruals and Deferred Income | 43,172 | 354,661 | -66,928 | 17,779 | 25,641 | 160,822 | -22,777 | 464,811 | -1,131,195 | 870,528 | 73,355 | 24,268 | 50,806 | -29,120 | 141,358 |
| Deferred Taxes & Provisions | -34,583 | -4,219 | -4,643 | -15,941 | -4,468 | -22,853 | 86,707 | ||||||||
| Cash flow from operations | 1,282,956 | 188,180 | 998,915 | -26,017 | 302,643 | -1,505,167 | |||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -73,439 | -87,237 | -89,411 | -81,679 | -63,723 | -82,943 | |||||||||
| Change in Investments | -7,500 | 623 | -866 | 7,743 | 83 | 833,967 | |||||||||
| cash flow from investments | -73,439 | -87,237 | -89,411 | -81,679 | -63,806 | -916,910 | |||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 34,246 | -158,006 | -405,025 | -138,245 | -134,818 | -163,248 | 125,231 | 2,953,288 | -2,218,159 | 393,141 | 384,142 | -1,454,906 | 1,525,799 | -812,573 | 2,182,556 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -730,545 | 730,545 | |||||||||||||
| share issue | |||||||||||||||
| interest | -587 | -66 | -2,397 | -32,582 | -34,495 | -11,175 | |||||||||
| cash flow from financing | 392,554 | 384,075 | -1,457,302 | 762,672 | -116,523 | 3,057,303 | |||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -12,511 | 199,388 | -151,739 | -171,597 | -203,832 | -199,674 | -40,775 | 358,661 | -785,477 | 1,126,550 | 191,019 | -547,797 | 654,962 | 99,671 | 87,266 |
| overdraft | -11 | -22,643 | 22,654 | ||||||||||||
| change in cash | -12,511 | 199,388 | -151,739 | -171,597 | -203,832 | -199,674 | -40,775 | 358,661 | -785,477 | 1,126,550 | 191,019 | -547,797 | 654,973 | 122,314 | 64,612 |
swiftnet limited Credit Report and Business Information
Swiftnet Limited Competitor Analysis
Perform a competitor analysis for swiftnet limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in NW11 area or any other competitors across 12 key performance metrics.
swiftnet limited Ownership
SWIFTNET LIMITED group structure
Swiftnet Limited has 1 subsidiary company.
Ultimate parent company
1 parent
SWIFTNET LIMITED
02469394
1 subsidiary
swiftnet limited directors
Swiftnet Limited currently has 1 director, Mr Abraham Keinan serving since Dec 1991.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Abraham Keinan | United Kingdom | 75 years | Dec 1991 | - | Director |
P&L
December 2023turnover
2.4m
+31%
operating profit
-122.7k
0%
gross margin
39%
+0.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.9m
-0.05%
total assets
5.6m
+0.02%
cash
604.1k
-0.02%
net assets
Total assets minus all liabilities
swiftnet limited company details
company number
02469394
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
February 1990
age
35
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
olympia house armitage road, london, NW11 8RQ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
swiftnet 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 4 charges/mortgages relating to swiftnet limited. Currently there are 0 open charges and 4 have been satisfied in the past.
swiftnet 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.
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swiftnet limited Companies House Filings - See Documents
| date | description | view/download |
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