Swift Roofing Services Limited

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swift roofing services limited Company Information

Live

MatureMidHigh

Company Number

03715035

Website

www.swiftroofingservices.co.uk

Registered Address

cornerways lichfield road, burntwood, staffordshire, WS7 0HP

Industry

Roofing activities

Telephone

01543679571

Next Accounts Due

December 2024

Group Structure

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Directors

Steven Daniel25 Years

Robert Jennings25 Years

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Shareholders

j & d holdings (midlands) ltd 90%

thomas deeley 5%

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swift roofing services limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of SWIFT ROOFING SERVICES LIMITED at £2.7m based on Net Assets of £1m and 2.62x industry multiple (adjusted for liquidity).

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Swift Roofing Services Limited is a live company located in staffordshire, WS7 0HP with a Companies House number of 03715035. It operates in the roofing activities sector, SIC Code 43910. Founded in February 1999, it's largest shareholder is j & d holdings (midlands) ltd with a 90% stake. Swift Roofing Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.6m with high growth in recent years.

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Pomanda's financial health check has awarded Swift Roofing Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

3 Weak

Size

annual sales of £5.6m, make it larger than the average company (£634.7k)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (6.8%)

EXPORT

Swift Roofing Services Limited's latest turnover from March 2023 is estimated at £5.6 million and the company has net assets of £1 million. According to their latest financial statements, Swift Roofing Services Limited has 13 employees and maintains cash reserves of £480.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	5,558,389	3,503,612	3,275,941	3,340,826	3,113,206	3,348,713	3,261,238	3,384,906	4,695,055	3,691,250	4,784,582	3,147,897	3,738,577	3,293,142
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,471,933	2,843,980	2,645,988	2,636,929	2,458,888	2,656,644	2,607,449	2,673,061	3,763,421	2,923,831	3,798,273	2,474,693	2,884,834	2,572,797
Gross Profit	1,086,456	659,632	629,953	703,897	654,318	692,069	653,788	711,844	931,634	767,418	986,309	673,204	853,743	720,346
Admin Expenses	1,107,480	663,867	626,005	701,838	659,963	696,056	629,436	870,138	933,984	583,470	741,303	670,227	886,215	-462,702
Operating Profit	-21,024	-4,235	3,948	2,059	-5,645	-3,987	24,352	-158,294	-2,350	183,948	245,006	2,977	-32,472	1,183,048
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	21,255	5,232	946	939	6,054	4,100	1,943	3,644	3,639	2,482	1,524	1,314	1,272	661
Pre-Tax Profit	231	998	4,894	2,998	409	114	26,295	-154,650	1,289	186,430	246,530	4,291	-31,200	1,183,710
Tax	-44	-190	-930	-570	-78	-22	-5,259	0	-271	-42,879	-59,167	-1,116	0	-331,439
Profit After Tax	187	808	3,964	2,428	331	92	21,036	-154,650	1,018	143,551	187,363	3,175	-31,200	852,271
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	187	808	3,964	2,428	331	92	21,036	-154,650	1,018	143,551	187,363	3,175	-31,200	852,271
Employee Costs	469,597	466,334	512,445	521,510	617,264	469,371	469,787	502,873	381,742	327,781	560,183	360,671	440,734	444,397
Number Of Employees	13	14	15	14	17	15	14	14	11	10	17	11	15	14
EBITDA*	-17,529	-833	8,229	7,503	2,142	5,229	34,465	-136,035	20,795	197,890	263,010	20,075	-19,438	1,196,163

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	10,643	8,806	11,800	14,675	18,036	23,839	32,691	71,264	87,348	72,374	65,192	65,169	46,351	59,385
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	10,643	8,806	11,800	14,675	18,036	23,839	32,691	71,264	87,348	72,374	65,192	65,169	46,351	59,385
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,829,616	1,326,634	1,076,550	917,482	870,203	1,035,824	906,905	1,039,384	1,328,043	1,148,028	1,433,929	983,820	1,117,881	1,009,203
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	480,587	519,646	875,656	1,015,488	861,749	752,610	887,494	666,722	790,978	664,467	328,145	281,423	244,059	264,577
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,310,203	1,846,280	1,952,206	1,932,970	1,731,952	1,788,434	1,794,399	1,706,106	2,119,021	1,812,495	1,762,074	1,265,243	1,361,940	1,273,780
total assets	2,320,846	1,855,086	1,964,006	1,947,645	1,749,988	1,812,273	1,827,090	1,777,370	2,206,369	1,884,869	1,827,266	1,330,412	1,408,291	1,333,165
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,277,811	813,226	922,385	909,093	713,935	775,088	787,988	754,479	1,025,548	710,509	799,457	487,766	573,520	465,794
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,277,811	813,226	922,385	909,093	713,935	775,088	787,988	754,479	1,025,548	710,509	799,457	487,766	573,520	465,794
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	2,661	1,673	2,242	3,137	3,066	4,529	6,538	11,363	14,643	9,200	6,200	8,400	3,700	5,100
total long term liabilities	2,661	1,673	2,242	3,137	3,066	4,529	6,538	11,363	14,643	9,200	6,200	8,400	3,700	5,100
total liabilities	1,280,472	814,899	924,627	912,230	717,001	779,617	794,526	765,842	1,040,191	719,709	805,657	496,166	577,220	470,894
net assets	1,040,374	1,040,187	1,039,379	1,035,415	1,032,987	1,032,656	1,032,564	1,011,528	1,166,178	1,165,160	1,021,609	834,246	831,071	862,271
total shareholders funds	1,040,374	1,040,187	1,039,379	1,035,415	1,032,987	1,032,656	1,032,564	1,011,528	1,166,178	1,165,160	1,021,609	834,246	831,071	862,271

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-21,024	-4,235	3,948	2,059	-5,645	-3,987	24,352	-158,294	-2,350	183,948	245,006	2,977	-32,472	1,183,048
Depreciation	3,495	3,402	4,281	5,444	7,787	9,216	10,113	22,259	23,145	13,942	18,004	17,098	13,034	13,115
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-44	-190	-930	-570	-78	-22	-5,259	0	-271	-42,879	-59,167	-1,116	0	-331,439
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	502,982	250,084	159,068	47,279	-165,621	128,919	-132,479	-288,659	180,015	-285,901	450,109	-134,061	108,678	1,009,203
Creditors	464,585	-109,159	13,292	195,158	-61,153	-12,900	33,509	-271,069	315,039	-88,948	311,691	-85,754	107,726	465,794
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	988	-569	-895	71	-1,463	-2,009	-4,825	-3,280	5,443	3,000	-2,200	4,700	-1,400	5,100
Cash flow from operations	-54,982	-360,835	-139,372	154,883	105,069	-138,621	190,369	-121,725	160,991	354,964	63,225	71,966	-21,790	326,415
Investing Activities
capital expenditure	-5,332	-408	-1,406	-2,083	-1,984	-364	28,460	-6,175	-38,119	-21,124	-18,027	-35,916	0	-72,500
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-5,332	-408	-1,406	-2,083	-1,984	-364	28,460	-6,175	-38,119	-21,124	-18,027	-35,916	0	-72,500
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	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	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000
interest	21,255	5,232	946	939	6,054	4,100	1,943	3,644	3,639	2,482	1,524	1,314	1,272	661
cash flow from financing	21,255	5,232	946	939	6,054	4,100	1,943	3,644	3,639	2,482	1,524	1,314	1,272	10,661
cash and cash equivalents
cash	-39,059	-356,010	-139,832	153,739	109,139	-134,884	220,772	-124,256	126,511	336,322	46,722	37,364	-20,518	264,577
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-39,059	-356,010	-139,832	153,739	109,139	-134,884	220,772	-124,256	126,511	336,322	46,722	37,364	-20,518	264,577

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SWIFT ROOFING SERVICES LIMITED group structure

Swift Roofing Services Limited has no subsidiary companies.

Ultimate parent company

J & D HOLDINGS (MIDLANDS) LTD

06475153

1 parent

SWIFT ROOFING SERVICES LIMITED

03715035

SWIFT ROOFING SERVICES LIMITED Shareholders

j & d holdings (midlands) ltd	90%
thomas deeley	5%
elizabeth whitehead	5%

Swift Roofing Services Limited currently has 4 directors. The longest serving directors include Mr Steven Daniel (Feb 1999) and Mr Robert Jennings (Feb 1999).

officer	country	age	start	end	role
Mr Steven Daniel	England	55 years	Feb 1999	-	Director
Mr Robert Jennings	England	52 years	Feb 1999	-	Director
Mrs Sarah Jennings	England	52 years	Feb 2005	-	Director
Ms Kerry Daniel	England	53 years	Feb 2005	-	Director

P&L

March 2023

turnover

5.6m

+59%

operating profit

-21k

gross margin

19.6%

+3.82%

turnover

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

Balance Sheet

March 2023

net assets

total assets

2.3m

+0.25%

cash

480.6k

-0.08%

net assets

Total assets minus all liabilities

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company number

03715035

Type

Private limited with Share Capital

industry

43910 - Roofing activities

incorporation date

February 1999

age

accounts

Unaudited Abridged

ultimate parent company

J & D HOLDINGS (MIDLANDS) LTD

previous names

N/A

incorporated

address

cornerways lichfield road, burntwood, staffordshire, WS7 0HP

last accounts submitted

March 2023

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.

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swift roofing services limited Company Information

swift roofing services limited Estimated Valuation

swift roofing services limited Estimated Valuation

swift roofing services limited Estimated Valuation

Swift Roofing Services Limited Overview

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SWIFT ROOFING SERVICES LIMITED financials

swift roofing services limited Credit Report and Business Information

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swift roofing services limited Ownership

swift roofing services limited directors

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