swift resources limited
swift resources limited Company Information
Company Number
04296249
Next Accounts
Feb 2026
Shareholders
country house weddings ltd
Group Structure
View All
Industry
Other accommodation
Registered Address
regency house, 33 wood street, barnet, hertfordshire, EN5 4BE
swift resources limited Estimated Valuation
Pomanda estimates the enterprise value of SWIFT RESOURCES LIMITED at £4.2m based on a Turnover of £2.5m and 1.7x industry multiple (adjusted for size and gross margin).
swift resources limited Estimated Valuation
Pomanda estimates the enterprise value of SWIFT RESOURCES LIMITED at £12.9m based on an EBITDA of £1.7m and a 7.44x industry multiple (adjusted for size and gross margin).
swift resources limited Estimated Valuation
Pomanda estimates the enterprise value of SWIFT RESOURCES LIMITED at £6.6m based on Net Assets of £3.4m and 1.92x industry multiple (adjusted for liquidity).
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Swift Resources Limited Overview
Swift Resources Limited is a live company located in barnet, EN5 4BE with a Companies House number of 04296249. It operates in the other accommodation sector, SIC Code 55900. Founded in October 2001, it's largest shareholder is country house weddings ltd with a 100% stake. Swift Resources Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with declining growth in recent years.
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Swift Resources Limited Health Check
Pomanda's financial health check has awarded Swift Resources Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £2.5m, make it larger than the average company (£884k)
£2.5m - Swift Resources Limited
£884k - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (7.5%)
- Swift Resources Limited
7.5% - Industry AVG
Production
with a gross margin of 81.1%, this company has a lower cost of product (60.2%)
81.1% - Swift Resources Limited
60.2% - Industry AVG
Profitability
an operating margin of 67.8% make it more profitable than the average company (6.1%)
67.8% - Swift Resources Limited
6.1% - Industry AVG
Employees
with 54 employees, this is above the industry average (20)
54 - Swift Resources Limited
20 - Industry AVG
Pay Structure
on an average salary of £25.5k, the company has an equivalent pay structure (£25.5k)
- Swift Resources Limited
£25.5k - Industry AVG
Efficiency
resulting in sales per employee of £46.1k, this is less efficient (£56.8k)
£46.1k - Swift Resources Limited
£56.8k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (15 days)
8 days - Swift Resources Limited
15 days - Industry AVG
Creditor Days
its suppliers are paid after 752 days, this is slower than average (22 days)
752 days - Swift Resources Limited
22 days - Industry AVG
Stock Days
it holds stock equivalent to 26 days, this is more than average (9 days)
26 days - Swift Resources Limited
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (89 weeks)
0 weeks - Swift Resources Limited
89 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.4%, this is a higher level of debt than the average (28.4%)
62.4% - Swift Resources Limited
28.4% - Industry AVG
SWIFT RESOURCES LIMITED financials
Swift Resources Limited's latest turnover from May 2024 is £2.5 million and the company has net assets of £3.4 million. According to their latest financial statements, Swift Resources Limited has 54 employees and maintains cash reserves of £15.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,489,300 | 2,682,378 | 2,735,130 | 1,437,117 | 2,533,230 | 1,951,972 | 2,033,165 | 1,518,636 | 1,144,673 | 1,700,008 | 1,649,267 | 1,989,191 | 1,917,536 | 1,914,526 | |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 469,723 | 494,757 | 456,542 | 265,708 | 413,890 | 340,747 | 359,666 | 272,965 | 219,995 | 356,908 | 314,796 | 372,192 | 362,932 | 331,866 | |
| Gross Profit | 2,019,577 | 2,187,621 | 2,278,588 | 1,171,409 | 2,119,340 | 1,611,225 | 1,673,499 | 1,245,671 | 924,678 | 1,343,100 | 1,334,471 | 1,616,999 | 1,554,604 | 1,582,660 | |
| Admin Expenses | 331,782 | 1,913,849 | 1,986,646 | 1,437,896 | 1,762,536 | 1,436,241 | 1,337,853 | 1,128,094 | 854,985 | 1,400,295 | 1,279,688 | 1,478,889 | 1,337,280 | 1,220,548 | |
| Operating Profit | 1,687,795 | 273,772 | 291,942 | -266,487 | 356,804 | 174,984 | 335,646 | 117,577 | 69,693 | -57,195 | 54,783 | 138,110 | 217,324 | 362,112 | |
| Interest Payable | 9,411 | 428 | 1,526 | 2,292 | 1,683 | 3,444 | 4,251 | 4,580 | 8,166 | 11,195 | 4,647 | 8,521 | 8,937 | ||
| Interest Receivable | 11 | 1,741 | 42 | 34 | |||||||||||
| Pre-Tax Profit | 1,678,395 | 273,344 | 291,942 | -268,013 | 354,512 | 173,301 | 332,202 | 113,326 | 65,155 | -65,361 | 43,588 | 133,463 | 207,528 | 353,209 | |
| Tax | -12,234 | -68,638 | -43,599 | 50,922 | -30,511 | -72,403 | -56,916 | -3,800 | 8,414 | -8,910 | -31,733 | -53,742 | -93,515 | ||
| Profit After Tax | 1,666,161 | 204,706 | 248,343 | -217,091 | 324,001 | 100,898 | 275,286 | 109,526 | 65,155 | -56,947 | 34,678 | 101,730 | 153,786 | 259,694 | |
| Dividends Paid | |||||||||||||||
| Retained Profit | 1,666,161 | 204,706 | 248,343 | -217,091 | 324,001 | 100,898 | 275,286 | 109,526 | 65,155 | -56,947 | 34,678 | 101,730 | 153,786 | 259,694 | |
| Employee Costs | 1,281,149 | 1,112,410 | 459,823 | 829,428 | 943,074 | 843,009 | 772,997 | 638,354 | 585,818 | 691,080 | 643,160 | 692,205 | 674,971 | 645,983 | |
| Number Of Employees | 54 | 60 | 51 | 30 | 58 | 60 | 54 | 48 | 39 | 44 | 44 | 42 | 48 | 32 | 49 |
| EBITDA* | 1,740,326 | 365,066 | 371,323 | -198,910 | 408,793 | 219,340 | 349,653 | 131,494 | 78,138 | -46,560 | 66,247 | 154,214 | 241,860 | 388,735 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,367,869 | 4,127,282 | 4,082,420 | 3,710,710 | 3,505,443 | 3,537,706 | 3,563,976 | 3,393,253 | 3,140,176 | 2,995,691 | 2,822,787 | 2,425,952 | 1,986,744 | 2,002,848 | 2,018,868 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 6,367,869 | 4,127,282 | 4,082,420 | 3,710,710 | 3,505,443 | 3,537,706 | 3,563,976 | 3,393,253 | 3,140,176 | 2,995,691 | 2,822,787 | 2,425,952 | 1,986,744 | 2,002,848 | 2,018,868 |
| Stock & work in progress | 33,994 | 38,403 | 40,411 | 26,410 | 27,159 | 28,547 | 20,840 | 25,796 | 24,870 | 24,600 | 22,797 | 22,087 | 24,066 | 22,913 | 20,098 |
| Trade Debtors | 60,990 | 111,705 | 58,427 | 103,261 | 324,748 | 102,314 | 119,884 | 95,791 | 88,415 | 8,015 | 18,415 | 11,066 | 68,795 | 200 | 84,408 |
| Group Debtors | 2,611,848 | 2,116,331 | 1,098,447 | 944,121 | 485,800 | 1,291 | 1,510,028 | 1,032,543 | 534,984 | 436,736 | 30,000 | ||||
| Misc Debtors | 22,125 | 14,243 | 46,235 | 88,616 | 61,286 | 22,114 | 26,357 | 30,038 | 47,621 | 65,292 | 40,388 | 45,143 | 39,563 | 39,719 | 54,869 |
| Cash | 15,160 | 42,097 | 39,307 | 18,135 | 17,953 | 30,037 | 34,748 | 34,318 | 17,843 | 19,343 | 16,497 | 20,605 | 14,944 | 20,663 | 15,830 |
| misc current assets | |||||||||||||||
| total current assets | 2,744,117 | 2,322,779 | 1,282,827 | 1,180,543 | 916,946 | 184,303 | 201,829 | 1,695,971 | 1,211,292 | 652,234 | 534,833 | 128,901 | 147,368 | 83,495 | 175,205 |
| total assets | 9,111,986 | 6,450,061 | 5,365,247 | 4,891,253 | 4,422,389 | 3,722,009 | 3,765,805 | 5,089,224 | 4,351,468 | 3,647,925 | 3,357,620 | 2,554,853 | 2,134,112 | 2,086,343 | 2,194,073 |
| Bank overdraft | 1,741 | 29,127 | 28,556 | ||||||||||||
| Bank loan | 30,572 | 30,243 | 29,979 | 27,994 | 27,445 | 26,781 | 33,249 | 45,543 | |||||||
| Trade Creditors | 968,180 | 944,968 | 73,501 | 1,554,203 | 2,660 | 678,184 | 62,155 | 72,192 | 68,372 | 339,443 | 300,311 | 344,103 | 311,773 | 294,001 | 338,494 |
| Group/Directors Accounts | 4,118,057 | 3,201,312 | 2,482,946 | 1,816,470 | 1,362,233 | 807,356 | 1,028,691 | 2,655,389 | 2,301,690 | 1,932,671 | 1,689,590 | 751,982 | 313,315 | 323,809 | 549,617 |
| other short term finances | 2,648 | 6,432 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 295,877 | 283,138 | 1,081,232 | 112,936 | 1,307,264 | 172,822 | 920,191 | 696,478 | 580,949 | 59,551 | 88,060 | 94,167 | 152,156 | 183,464 | 144,671 |
| total current liabilities | 5,382,114 | 4,429,418 | 3,637,679 | 3,483,609 | 2,676,546 | 1,688,934 | 2,047,712 | 3,454,038 | 2,980,138 | 2,360,221 | 2,105,955 | 1,217,697 | 804,025 | 834,523 | 1,078,325 |
| loans | 66,045 | 96,945 | 127,453 | 158,283 | 187,983 | 217,099 | 245,643 | 273,752 | 294,065 | 308,138 | |||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 234,323 | 198,588 | 122,662 | 94,680 | |||||||||||
| provisions | 68,343 | 61,010 | 48,567 | 4,968 | 54,802 | 58,898 | 37,017 | 24,500 | 5,100 | 1,300 | 1,300 | 1,300 | 800 | 3,950 | 7,591 |
| total long term liabilities | 302,666 | 259,598 | 171,229 | 99,648 | 54,802 | 124,943 | 133,962 | 151,953 | 163,383 | 189,283 | 218,399 | 246,943 | 274,552 | 298,015 | 315,729 |
| total liabilities | 5,684,780 | 4,689,016 | 3,808,908 | 3,583,257 | 2,731,348 | 1,813,877 | 2,181,674 | 3,605,991 | 3,143,521 | 2,549,504 | 2,324,354 | 1,464,640 | 1,078,577 | 1,132,538 | 1,394,054 |
| net assets | 3,427,206 | 1,761,045 | 1,556,339 | 1,307,996 | 1,691,041 | 1,908,132 | 1,584,131 | 1,483,233 | 1,207,947 | 1,098,421 | 1,033,266 | 1,090,213 | 1,055,535 | 953,805 | 800,019 |
| total shareholders funds | 3,427,206 | 1,761,045 | 1,556,339 | 1,307,996 | 1,691,041 | 1,908,132 | 1,584,131 | 1,483,233 | 1,207,947 | 1,098,421 | 1,033,266 | 1,090,213 | 1,055,535 | 953,805 | 800,019 |
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,687,795 | 273,772 | 291,942 | -266,487 | 356,804 | 174,984 | 335,646 | 117,577 | 69,693 | -57,195 | 54,783 | 138,110 | 217,324 | 362,112 | |
| Depreciation | 52,531 | 91,294 | 79,381 | 70,079 | 67,577 | 51,989 | 44,356 | 14,007 | 13,917 | 8,445 | 10,635 | 11,464 | 16,104 | 24,536 | 26,623 |
| Amortisation | |||||||||||||||
| Tax | -12,234 | -68,638 | -43,599 | 50,922 | -30,511 | -72,403 | -56,916 | -3,800 | 8,414 | -8,910 | -31,733 | -53,742 | -93,515 | ||
| Stock | -4,409 | -2,008 | 14,001 | -749 | -1,388 | 7,707 | -4,956 | 926 | 270 | 1,803 | 710 | -1,979 | 1,153 | 2,815 | 20,098 |
| Debtors | 452,684 | 1,039,170 | 67,111 | 264,164 | 746,115 | -20,522 | -1,489,616 | 467,278 | 560,288 | 112,752 | 409,330 | -22,149 | 68,439 | -99,358 | 139,277 |
| Creditors | 23,212 | 871,467 | -1,480,702 | 1,551,543 | -675,524 | 616,029 | -10,037 | 3,820 | -271,071 | 39,132 | -43,792 | 32,330 | 17,772 | -44,493 | 338,494 |
| Accruals and Deferred Income | 12,739 | -798,094 | 968,296 | -1,194,328 | 1,134,442 | -747,369 | 223,713 | 115,529 | 521,398 | -28,509 | -6,107 | -57,989 | -31,308 | 38,793 | 144,671 |
| Deferred Taxes & Provisions | 7,333 | 12,443 | 43,599 | -49,834 | -4,096 | 21,881 | 12,517 | 19,400 | 3,800 | 500 | -3,150 | -3,641 | 7,591 | ||
| Cash flow from operations | 1,323,101 | -654,918 | -222,195 | -437,893 | 281,638 | 1,867,702 | -36,718 | -178,737 | -25,794 | -498,085 | 56,306 | 36,203 | 275,320 | 626,601 | |
| Investing Activities | |||||||||||||||
| capital expenditure | -407,493 | -450,672 | -9,791 | -6,172 | |||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -407,493 | -450,672 | -9,791 | -6,172 | |||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -30,572 | 329 | 264 | 29,979 | -27,994 | 549 | 664 | -6,468 | -12,294 | 45,543 | |||||
| Group/Directors Accounts | 916,745 | 718,366 | 666,476 | 454,237 | 554,877 | -221,335 | -1,626,698 | 353,699 | 369,019 | 243,081 | 937,608 | 438,667 | -10,494 | -225,808 | 549,617 |
| Other Short Term Loans | -2,648 | 2,648 | -6,432 | 6,432 | |||||||||||
| Long term loans | -66,045 | -30,900 | -30,508 | -30,830 | -29,700 | -29,116 | -28,544 | -28,109 | -20,313 | -14,073 | 308,138 | ||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 35,735 | 75,926 | 27,982 | 94,680 | |||||||||||
| share issue | |||||||||||||||
| interest | -9,400 | -428 | 1,741 | -1,526 | -2,292 | -1,683 | -3,444 | -4,251 | -4,538 | -8,166 | -11,195 | -4,647 | -8,521 | -8,903 | |
| cash flow from financing | 943,080 | 793,864 | 694,458 | 459,382 | -260,630 | -1,652,193 | 349,404 | 335,068 | 181,433 | 901,447 | 400,027 | -41,922 | -260,696 | 1,434,720 | |
| cash and cash equivalents | |||||||||||||||
| cash | -26,937 | 2,790 | 21,172 | 182 | -12,084 | -4,711 | 430 | 16,475 | -1,500 | 2,846 | -4,108 | 5,661 | -5,719 | 4,833 | 15,830 |
| overdraft | -1,741 | 1,741 | -29,127 | 571 | 28,556 | ||||||||||
| change in cash | -26,937 | 2,790 | 21,172 | 1,923 | -13,825 | -4,711 | 430 | 45,602 | -2,071 | -25,710 | -4,108 | 5,661 | -5,719 | 4,833 | 15,830 |
swift resources limited Credit Report and Business Information
Swift Resources Limited Competitor Analysis
Perform a competitor analysis for swift resources limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in EN5 area or any other competitors across 12 key performance metrics.
swift resources limited Ownership
SWIFT RESOURCES LIMITED group structure
Swift Resources Limited has no subsidiary companies.
Ultimate parent company
2 parents
SWIFT RESOURCES LIMITED
04296249
swift resources limited directors
Swift Resources Limited currently has 2 directors. The longest serving directors include Mr Harry Bramer (Oct 2001) and Mr Nicholas Bramer (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Harry Bramer | United Kingdom | 75 years | Oct 2001 | - | Director |
| Mr Nicholas Bramer | United Kingdom | 42 years | Mar 2018 | - | Director |
P&L
May 2024turnover
2.5m
-7%
operating profit
1.7m
+516%
gross margin
81.2%
-0.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
3.4m
+0.95%
total assets
9.1m
+0.41%
cash
15.2k
-0.64%
net assets
Total assets minus all liabilities
swift resources limited company details
company number
04296249
Type
Private limited with Share Capital
industry
55900 - Other accommodation
incorporation date
October 2001
age
24
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
May 2024
previous names
N/A
accountant
-
auditor
CARTWRIGHTS
address
regency house, 33 wood street, barnet, hertfordshire, EN5 4BE
Bank
BARCLAYS BANK PLC
Legal Advisor
-
swift resources 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 6 charges/mortgages relating to swift resources limited. Currently there are 6 open charges and 0 have been satisfied in the past.
swift resources 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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swift resources limited Companies House Filings - See Documents
| date | description | view/download |
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