swift resources limited

4.5

swift resources limited Company Information

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Company Number

04296249

Registered Address

regency house, 33 wood street, barnet, hertfordshire, EN5 4BE

Industry

Other accommodation

 

Telephone

01984633633

Next Accounts Due

February 2025

Group Structure

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Directors

Harry Bramer22 Years

Nicholas Bramer6 Years

Shareholders

country house weddings ltd 100%

swift resources limited Estimated Valuation

£3.9m

Pomanda estimates the enterprise value of SWIFT RESOURCES LIMITED at £3.9m based on a Turnover of £2.7m and 1.45x industry multiple (adjusted for size and gross margin).

swift resources limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of SWIFT RESOURCES LIMITED at £2.1m based on an EBITDA of £365.1k and a 5.8x industry multiple (adjusted for size and gross margin).

swift resources limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of SWIFT RESOURCES LIMITED at £2.7m based on Net Assets of £1.8m and 1.54x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from May 2023 

Swift Resources Limited AI Business Plan

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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 £2.7m with high growth in recent years.

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Swift Resources Limited Health Check

Pomanda's financial health check has awarded Swift Resources Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £2.7m, make it larger than the average company (£854.7k)

£2.7m - Swift Resources Limited

£854.7k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (4.4%)

23% - Swift Resources Limited

4.4% - Industry AVG

production

Production

with a gross margin of 81.6%, this company has a lower cost of product (56.1%)

81.6% - Swift Resources Limited

56.1% - Industry AVG

profitability

Profitability

an operating margin of 10.2% make it more profitable than the average company (5.9%)

10.2% - Swift Resources Limited

5.9% - Industry AVG

employees

Employees

with 60 employees, this is above the industry average (19)

60 - Swift Resources Limited

19 - Industry AVG

paystructure

Pay Structure

on an average salary of £21.4k, the company has an equivalent pay structure (£24.2k)

£21.4k - Swift Resources Limited

£24.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £44.7k, this is less efficient (£54k)

£44.7k - Swift Resources Limited

£54k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 13 days, this is earlier than average (16 days)

13 days - Swift Resources Limited

16 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 84 days, this is slower than average (15 days)

84 days - Swift Resources Limited

15 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 28 days, this is more than average (19 days)

28 days - Swift Resources Limited

19 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (96 weeks)

0 weeks - Swift Resources Limited

96 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 72.7%, this is a higher level of debt than the average (29.5%)

72.7% - Swift Resources Limited

29.5% - Industry AVG

swift resources limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Swift Resources Limited Competitor Analysis

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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 Shareholders

country house weddings ltd 100%

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).

officercountryagestartendrole
Mr Harry BramerUnited Kingdom74 years Oct 2001- Director
Mr Nicholas BramerUnited Kingdom41 years Mar 2018- Director

SWIFT RESOURCES LIMITED financials

EXPORTms excel logo

Swift Resources Limited's latest turnover from May 2023 is £2.7 million and the company has net assets of £1.8 million. According to their latest financial statements, Swift Resources Limited has 60 employees and maintains cash reserves of £42.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Turnover2,682,3782,735,1305,038,0051,437,1172,533,2301,951,9722,033,1651,518,6361,144,6731,700,0081,649,2671,989,1911,917,5361,914,526
Other Income Or Grants00000000000000
Cost Of Sales494,757456,5423,011,308265,708413,890340,747359,666272,965219,995356,908314,796372,192362,932331,866
Gross Profit2,187,6212,278,5882,026,6971,171,4092,119,3401,611,2251,673,4991,245,671924,6781,343,1001,334,4711,616,9991,554,6041,582,660
Admin Expenses1,913,8491,986,6462,409,6261,437,8961,762,5361,436,2411,337,8531,128,094854,9851,400,2951,279,6881,478,8891,337,2801,220,548
Operating Profit273,772291,942-382,929-266,487356,804174,984335,646117,57769,693-57,19554,783138,110217,324362,112
Interest Payable428001,5262,2921,6833,4444,2514,5808,16611,1954,6478,5218,937
Interest Receivable001,7410000042000034
Pre-Tax Profit273,344291,942-383,045-268,013354,512173,301332,202113,32665,155-65,36143,588133,463207,528353,209
Tax-68,638-43,599050,922-30,511-72,403-56,916-3,80008,414-8,910-31,733-53,742-93,515
Profit After Tax204,706248,343-383,045-217,091324,001100,898275,286109,52665,155-56,94734,678101,730153,786259,694
Dividends Paid00000000000000
Retained Profit204,706248,343-383,045-217,091324,001100,898275,286109,52665,155-56,94734,678101,730153,786259,694
Employee Costs1,281,1491,112,410459,823829,428943,074843,009772,997638,354585,818691,080643,160692,205674,971645,983
Number Of Employees6051305860544839444442483249
EBITDA*365,066371,323-312,850-198,910408,793219,340349,653131,49478,138-46,56066,247154,214241,860388,735

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Tangible Assets4,127,2824,082,4203,710,7103,505,4433,537,7063,563,9763,393,2533,140,1762,995,6912,822,7872,425,9521,986,7442,002,8482,018,868
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets4,127,2824,082,4203,710,7103,505,4433,537,7063,563,9763,393,2533,140,1762,995,6912,822,7872,425,9521,986,7442,002,8482,018,868
Stock & work in progress38,40340,41126,41027,15928,54720,84025,79624,87024,60022,79722,08724,06622,91320,098
Trade Debtors97,15758,427103,261324,748102,314119,88495,79188,4158,01518,41511,06668,79520084,408
Group Debtors2,116,3311,098,447944,121485,8001,29101,510,0281,032,543534,984436,73630,000000
Misc Debtors28,79146,23588,61661,28622,11426,35730,03847,62165,29240,38845,14339,56339,71954,869
Cash42,09739,30718,13517,95330,03734,74834,31817,84319,34316,49720,60514,94420,66315,830
misc current assets00000000000000
total current assets2,322,7791,282,8271,180,543916,946184,303201,8291,695,9711,211,292652,234534,833128,901147,36883,495175,205
total assets6,450,0615,365,2474,891,2534,422,3893,722,0093,765,8055,089,2244,351,4683,647,9253,357,6202,554,8532,134,1122,086,3432,194,073
Bank overdraft0001,74100029,12728,55600000
Bank loan000030,57230,24329,9790027,99427,44526,78133,24945,543
Trade Creditors 115,04973,5011,554,2032,660678,18462,15572,19268,372339,443300,311344,103311,773294,001338,494
Group/Directors Accounts3,203,2772,482,9461,816,4701,362,233807,3561,028,6912,655,3892,301,6901,932,6711,689,590751,982313,315323,809549,617
other short term finances0002,64806,43200000000
hp & lease commitments00000000000000
other current liabilities1,111,0921,081,232112,9361,307,264172,822920,191696,478580,94959,55188,06094,167152,156183,464144,671
total current liabilities4,429,4183,637,6793,483,6092,676,5461,688,9342,047,7123,454,0382,980,1382,360,2212,105,9551,217,697804,025834,5231,078,325
loans000066,04596,945127,453158,283187,983217,099245,643273,752294,065308,138
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities198,588122,66294,68000000000000
provisions61,01048,5674,96854,80258,89837,01724,5005,1001,3001,3001,3008003,9507,591
total long term liabilities259,598171,22999,64854,802124,943133,962151,953163,383189,283218,399246,943274,552298,015315,729
total liabilities4,689,0163,808,9083,583,2572,731,3481,813,8772,181,6743,605,9913,143,5212,549,5042,324,3541,464,6401,078,5771,132,5381,394,054
net assets1,761,0451,556,3391,307,9961,691,0411,908,1321,584,1311,483,2331,207,9471,098,4211,033,2661,090,2131,055,535953,805800,019
total shareholders funds1,761,0451,556,3391,307,9961,691,0411,908,1321,584,1311,483,2331,207,9471,098,4211,033,2661,090,2131,055,535953,805800,019
May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Operating Activities
Operating Profit273,772291,942-382,929-266,487356,804174,984335,646117,57769,693-57,19554,783138,110217,324362,112
Depreciation91,29479,38170,07967,57751,98944,35614,00713,9178,44510,63511,46416,10424,53626,623
Amortisation00000000000000
Tax-68,638-43,599050,922-30,511-72,403-56,916-3,80008,414-8,910-31,733-53,742-93,515
Stock-2,00814,001-749-1,3887,707-4,9569262701,803710-1,9791,1532,81520,098
Debtors1,039,17067,111264,164746,115-20,522-1,489,616467,278560,288112,752409,330-22,14968,439-99,358139,277
Creditors41,548-1,480,7021,551,543-675,524616,029-10,0373,820-271,07139,132-43,79232,33017,772-44,493338,494
Accruals and Deferred Income29,860968,296-1,194,3281,134,442-747,369223,713115,529521,398-28,509-6,107-57,989-31,30838,793144,671
Deferred Taxes & Provisions12,44343,599-49,834-4,09621,88112,51719,4003,80000500-3,150-3,6417,591
Cash flow from operations-656,883-222,195-268,884-437,893281,6381,867,702-36,718-178,737-25,794-498,08556,30636,203275,320626,601
Investing Activities
capital expenditure-136,156-451,091-275,346-35,314-25,719-215,079-267,084-158,402-181,349-407,493-450,6720-9,791-6,172
Change in Investments00000000000000
cash flow from investments-136,156-451,091-275,346-35,314-25,719-215,079-267,084-158,402-181,349-407,493-450,6720-9,791-6,172
Financing Activities
Bank loans000-30,57232926429,9790-27,994549664-6,468-12,29445,543
Group/Directors Accounts720,331666,476454,237554,877-221,335-1,626,698353,699369,019243,081937,608438,667-10,494-225,808549,617
Other Short Term Loans 00-2,6482,648-6,4326,43200000000
Long term loans000-66,045-30,900-30,508-30,830-29,700-29,116-28,544-28,109-20,313-14,073308,138
Hire Purchase and Lease Commitments00000000000000
other long term liabilities75,92627,98294,68000000000000
share issue0000000000000540,325
interest-42801,741-1,526-2,292-1,683-3,444-4,251-4,538-8,166-11,195-4,647-8,521-8,903
cash flow from financing795,829694,458548,010459,382-260,630-1,652,193349,404335,068181,433901,447400,027-41,922-260,6961,434,720
cash and cash equivalents
cash2,79021,172182-12,084-4,71143016,475-1,5002,846-4,1085,661-5,7194,83315,830
overdraft00-1,7411,74100-29,12757128,55600000
change in cash2,79021,1721,923-13,825-4,71143045,602-2,071-25,710-4,1085,661-5,7194,83315,830

P&L

May 2023

turnover

2.7m

-2%

operating profit

273.8k

-6%

gross margin

81.6%

-2.1%

turnover

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

Balance Sheet

May 2023

net assets

1.8m

+0.13%

total assets

6.5m

+0.2%

cash

42.1k

+0.07%

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

23

accounts

Full Accounts

previous names

N/A

incorporated

UK

address

regency house, 33 wood street, barnet, hertfordshire, EN5 4BE

last accounts submitted

May 2023

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 4 charges/mortgages relating to swift resources limited. Currently there are 4 open charges and 0 have been satisfied in the past.

charges

swift resources limited Companies House Filings - See Documents

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