swift systems equipment ltd
swift systems equipment ltd Company Information
Company Number
03225758
Website
corpex.comRegistered Address
olympia house armitage road, london, NW11 8RQ
Industry
Other information technology and computer service activities
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Directors
Omar Shafiq12 Years
Shareholders
swift managed services ltd 100%
swift systems equipment ltd Estimated Valuation
Pomanda estimates the enterprise value of SWIFT SYSTEMS EQUIPMENT LTD at £479.6k based on a Turnover of £658k and 0.73x industry multiple (adjusted for size and gross margin).
swift systems equipment ltd Estimated Valuation
Pomanda estimates the enterprise value of SWIFT SYSTEMS EQUIPMENT LTD at £0 based on an EBITDA of £-77.8k and a 5.14x industry multiple (adjusted for size and gross margin).
swift systems equipment ltd Estimated Valuation
Pomanda estimates the enterprise value of SWIFT SYSTEMS EQUIPMENT LTD at £0 based on Net Assets of £-20.9k and 0.39x industry multiple (adjusted for liquidity).
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Swift Systems Equipment Ltd Overview
Swift Systems Equipment Ltd is a dissolved company that was located in london, NW11 8RQ with a Companies House number of 03225758. It operated in the other information technology service activities sector, SIC Code 62090. Founded in July 1996, it's largest shareholder was swift managed services ltd with a 100% stake. The last turnover for Swift Systems Equipment Ltd was estimated at £658k.
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Swift Systems Equipment Ltd Health Check
Pomanda's financial health check has awarded Swift Systems Equipment Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
7 Weak
Size
annual sales of £658k, make it smaller than the average company (£2m)
- Swift Systems Equipment Ltd
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 109%, show it is growing at a faster rate (7.4%)
- Swift Systems Equipment Ltd
7.4% - Industry AVG
Production
with a gross margin of 53.5%, this company has a comparable cost of product (53.5%)
- Swift Systems Equipment Ltd
53.5% - Industry AVG
Profitability
an operating margin of -11.8% make it less profitable than the average company (6.6%)
- Swift Systems Equipment Ltd
6.6% - Industry AVG
Employees
with 5 employees, this is below the industry average (38)
- Swift Systems Equipment Ltd
38 - Industry AVG
Pay Structure
on an average salary of £53.8k, the company has an equivalent pay structure (£53.8k)
- Swift Systems Equipment Ltd
£53.8k - Industry AVG
Efficiency
resulting in sales per employee of £131.6k, this is equally as efficient (£135.3k)
- Swift Systems Equipment Ltd
£135.3k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is later than average (55 days)
- Swift Systems Equipment Ltd
55 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (41 days)
- Swift Systems Equipment Ltd
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Swift Systems Equipment Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (18 weeks)
0 weeks - Swift Systems Equipment Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 116%, this is a higher level of debt than the average (64.1%)
116% - Swift Systems Equipment Ltd
64.1% - Industry AVG
SWIFT SYSTEMS EQUIPMENT LTD financials
Swift Systems Equipment Ltd's latest turnover from March 2017 is estimated at £658 thousand and the company has net assets of -£20.9 thousand. According to their latest financial statements, we estimate that Swift Systems Equipment Ltd has 5 employees and maintains cash reserves of £177 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 95 | 361 | 0 | 2,808 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 627 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 198,044 | 167,273 | 544 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 198,044 | 167,273 | 544 | 95 | 361 | 627 | 2,808 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 129,679 | 142,177 | 324,793 | 12,762 | 17,977 | 49,012 | 22,559 | 24,944 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,484 |
| Misc Debtors | 573 | 674 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 177 | 27 | 2,515 | 89 | 4,329 | 7,874 | 12,646 | 10,034 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 130,429 | 142,878 | 327,308 | 12,851 | 22,306 | 56,886 | 35,205 | 36,462 |
| total assets | 130,429 | 340,922 | 494,581 | 13,395 | 22,401 | 57,247 | 35,832 | 39,270 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 14,502 | 107,113 | 415,713 | 8,164 | 82,814 | 183,848 | 150,374 | 168,465 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 24,493 | 20,500 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 136,825 | 118,064 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 151,327 | 225,177 | 415,713 | 8,164 | 82,814 | 183,848 | 174,867 | 188,965 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 58,836 | 97,546 | 24,254 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 58,836 | 97,546 | 24,254 | 0 | 0 | 0 | 0 |
| total liabilities | 151,327 | 284,013 | 513,259 | 32,418 | 82,814 | 183,848 | 174,867 | 188,965 |
| net assets | -20,898 | 56,909 | -18,678 | -19,023 | -60,413 | -126,601 | -139,035 | -149,695 |
| total shareholders funds | -20,898 | 56,909 | -18,678 | -19,023 | -60,413 | -126,601 | -139,035 | -149,695 |
| Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 0 | 0 | 95 | 266 | 0 | 2,903 | 5,347 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 265 | 0 | 0 |
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -210,643 | -151,171 | 478,760 | 13,306 | -31,035 | 26,453 | -3,869 | 26,428 |
| Creditors | -92,611 | -308,600 | 407,549 | 8,164 | -101,034 | 33,474 | -18,091 | 168,465 |
| Accruals and Deferred Income | 18,761 | 118,064 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -24,493 | 3,993 | 20,500 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -58,836 | -38,710 | 73,292 | 24,254 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 150 | -2,488 | 2,426 | 89 | -3,545 | -4,772 | 2,612 | 10,034 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 150 | -2,488 | 2,426 | 89 | -3,545 | -4,772 | 2,612 | 10,034 |
swift systems equipment ltd Credit Report and Business Information
Swift Systems Equipment Ltd Competitor Analysis
Perform a competitor analysis for swift systems equipment ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other undefined companies, companies in NW11 area or any other competitors across 12 key performance metrics.
swift systems equipment ltd Ownership
SWIFT SYSTEMS EQUIPMENT LTD group structure
Swift Systems Equipment Ltd has no subsidiary companies.
Ultimate parent company
2 parents
SWIFT SYSTEMS EQUIPMENT LTD
03225758
swift systems equipment ltd directors
Swift Systems Equipment Ltd currently has 1 director, Mr Omar Shafiq serving since Mar 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Omar Shafiq | 47 years | Mar 2012 | - | Director |
P&L
March 2017turnover
658k
-21%
operating profit
-77.8k
0%
gross margin
53.5%
+0.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2017net assets
-20.9k
-1.37%
total assets
130.4k
-0.62%
cash
177
+5.56%
net assets
Total assets minus all liabilities
Similar Companies
swift systems equipment ltd company details
company number
03225758
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
July 1996
age
28
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
corpex limited (May 2014)
last accounts submitted
March 2017
address
olympia house armitage road, london, NW11 8RQ
accountant
-
auditor
-
swift systems equipment ltd 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 did not find charges/mortgages relating to swift systems equipment ltd.
swift systems equipment ltd Companies House Filings - See Documents
| date | description | view/download |
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