Swift Logistic Solutions Limited

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swift logistic solutions limited Company Information

Live

EstablishedSmallDeclining

Company Number

05834968

Website

www.swiftcouriers.co.uk

Registered Address

swift house, hambridge lane, newbury, berkshire, RG14 5TU

Industry

Freight transport by road

Telephone

08702424365

Next Accounts Due

June 2025

Group Structure

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Directors

Adrian Smith18 Years

Michael Spence7 Years

Shareholders

swift group of companies ltd 100%

swift logistic solutions limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of SWIFT LOGISTIC SOLUTIONS LIMITED at £1.9m based on a Turnover of £4.2m and 0.45x industry multiple (adjusted for size and gross margin).

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Swift Logistic Solutions Limited is a live company located in berkshire, RG14 5TU with a Companies House number of 05834968. It operates in the freight transport by road sector, SIC Code 49410. Founded in June 2006, it's largest shareholder is swift group of companies ltd with a 100% stake. Swift Logistic Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £4.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Swift Logistic Solutions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

5 Weak

Size

annual sales of £4.2m, make it smaller than the average company (£8.5m)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (8.5%)

EXPORT

Swift Logistic Solutions Limited's latest turnover from September 2023 is estimated at £4.2 million and the company has net assets of £18.1 thousand. According to their latest financial statements, Swift Logistic Solutions Limited has 35 employees and maintains cash reserves of £385.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	4,187,168	5,646,095	4,867,158	5,489,881	5,359,180	5,003,538	3,588,319	83,694	82,754	81,744	116,501	205,391	176,476	267,185	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,261,818	4,439,021	3,863,199	4,421,035	4,318,244	4,033,238	2,870,288	17,719	11,647	2,033	95,376	167,487	142,609	210,608	0
Gross Profit	925,350	1,207,073	1,003,959	1,068,847	1,040,936	970,300	718,031	65,975	71,107	79,711	21,125	37,904	33,867	56,578	0
Admin Expenses	927,803	1,199,314	1,033,267	1,307,422	1,143,291	935,492	454,090	45,373	45,724	45,114	-17,514	46,656	11,957	98,649	-64,150
Operating Profit	-2,453	7,759	-29,308	-238,575	-102,355	34,808	263,941	20,602	25,383	34,597	38,639	-8,752	21,910	-42,071	64,150
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	26,286	13,636	435	312	2,055	1,780	418	0	0	0	228	235	222	138	49
Pre-Tax Profit	23,833	21,395	-28,873	-238,263	-100,300	36,588	264,359	20,602	25,383	34,597	38,866	-8,517	22,132	-41,933	64,199
Tax	-5,958	-4,065	0	0	0	-6,952	-50,228	-4,120	-5,077	-6,919	-8,939	0	-5,754	0	-17,976
Profit After Tax	17,875	17,330	-28,873	-238,263	-100,300	29,636	214,131	16,482	20,306	27,678	29,927	-8,517	16,378	-41,933	46,223
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	17,875	17,330	-28,873	-238,263	-100,300	29,636	214,131	16,482	20,306	27,678	29,927	-8,517	16,378	-41,933	46,223
Employee Costs	1,387,290	2,156,414	2,222,446	2,259,730	2,281,270	1,886,016	1,442,083	16,943	11,025	29,933	59,546	58,509	57,581	84,858	0
Number Of Employees	35	57	64	66	67	57	45	1	1	1	2	2	2	3	0
EBITDA*	2,547	12,759	-24,308	-233,575	-102,355	34,808	263,941	20,602	25,383	34,597	38,639	-8,752	21,910	-42,071	64,150

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	25,000	30,000	35,000	40,000	45,000	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	25,000	30,000	35,000	40,000	45,000	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	585,019	775,211	696,896	811,942	807,514	864,247	575,941	9,473	7,204	10,385	12,575	16,004	10,273	24,885	42,220
Group Debtors	48,475	90,144	100,543	147,183	185,635	175,752	153,957	2,572	2,189	3,919	0	0	0	0	0
Misc Debtors	6,046	15,457	11,099	14,339	9,787	11,377	13,942	4,000	4,000	4,000	0	0	0	0	0
Cash	385,131	666,311	545,764	323,451	300,085	247,998	226,566	108,043	92,607	71,823	50,323	40,737	53,228	35,661	19,576
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,024,671	1,547,123	1,354,302	1,296,915	1,303,021	1,299,374	970,406	124,088	106,000	90,127	62,898	56,741	63,501	60,546	61,796
total assets	1,049,671	1,577,123	1,389,302	1,336,915	1,348,021	1,299,374	970,406	124,088	106,000	90,127	62,898	56,741	63,501	60,546	61,796
Bank overdraft	0	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	0
Trade Creditors	432,616	613,282	418,447	382,466	393,085	364,744	277,595	0	120	2,620	20,819	44,589	42,832	56,255	15,572
Group/Directors Accounts	430,899	652,654	704,503	560,047	455,293	258,801	127,170	9,613	8,613	8,613	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	168,075	310,981	283,476	382,653	249,631	325,517	244,965	7,930	7,204	9,137	0	0	0	0	0
total current liabilities	1,031,590	1,576,917	1,406,426	1,325,166	1,098,009	949,062	649,730	17,543	15,937	20,370	20,819	44,589	42,832	56,255	15,572
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,031,590	1,576,917	1,406,426	1,325,166	1,098,009	949,062	649,730	17,543	15,937	20,370	20,819	44,589	42,832	56,255	15,572
net assets	18,081	206	-17,124	11,749	250,012	350,312	320,676	106,545	90,063	69,757	42,079	12,152	20,669	4,291	46,224
total shareholders funds	18,081	206	-17,124	11,749	250,012	350,312	320,676	106,545	90,063	69,757	42,079	12,152	20,669	4,291	46,224

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-2,453	7,759	-29,308	-238,575	-102,355	34,808	263,941	20,602	25,383	34,597	38,639	-8,752	21,910	-42,071	64,150
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	5,000	5,000	5,000	5,000	0	0	0	0	0	0	0	0	0	0	0
Tax	-5,958	-4,065	0	0	0	-6,952	-50,228	-4,120	-5,077	-6,919	-8,939	0	-5,754	0	-17,976
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-241,272	72,274	-164,926	-29,472	-48,440	307,536	727,795	2,652	-4,911	5,729	-3,429	5,731	-14,612	-17,335	42,220
Creditors	-180,666	194,835	35,981	-10,619	28,341	87,149	277,595	-120	-2,500	-18,199	-23,770	1,757	-13,423	40,683	15,572
Accruals and Deferred Income	-142,906	27,505	-99,177	133,022	-75,886	80,552	237,035	726	-1,933	9,137	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-85,711	158,760	77,422	-81,700	-101,460	-111,979	548	14,436	20,784	12,887	9,359	-12,726	17,345	15,947	19,526
Investing Activities
capital expenditure	0	0	0	0	-45,000	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	-45,000	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-221,755	-51,849	144,456	104,754	196,492	131,631	117,557	1,000	0	8,613	0	0	0	0	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	26,286	13,636	435	312	2,055	1,780	418	0	0	0	228	235	222	138	49
cash flow from financing	-195,469	-38,213	144,891	105,066	198,547	133,411	117,975	1,000	0	8,613	228	235	222	138	50
cash and cash equivalents
cash	-281,180	120,547	222,313	23,366	52,087	21,432	118,523	15,436	20,784	21,500	9,586	-12,491	17,567	16,085	19,576
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-281,180	120,547	222,313	23,366	52,087	21,432	118,523	15,436	20,784	21,500	9,586	-12,491	17,567	16,085	19,576

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SWIFT LOGISTIC SOLUTIONS LIMITED group structure

Swift Logistic Solutions Limited has no subsidiary companies.

Ultimate parent company

SWIFT GROUP OF COMPANIES LIMITED

05617055

1 parent

SWIFT LOGISTIC SOLUTIONS LIMITED

05834968

SWIFT LOGISTIC SOLUTIONS LIMITED Shareholders

swift group of companies ltd

100%

Swift Logistic Solutions Limited currently has 2 directors. The longest serving directors include Mr Adrian Smith (Jun 2006) and Mr Michael Spence (Jul 2017).

officer	country	age	start	end	role
Mr Adrian Smith	England	56 years	Jun 2006	-	Director
Mr Michael Spence	England	50 years	Jul 2017	-	Director

P&L

September 2023

turnover

4.2m

-26%

operating profit

-2.5k

gross margin

22.1%

+3.37%

turnover

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

Balance Sheet

September 2023

net assets

18.1k

+86.77%

total assets

-0.33%

cash

385.1k

-0.42%

net assets

Total assets minus all liabilities

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company number

05834968

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

incorporation date

June 2006

ultimate parent company

SWIFT GROUP OF COMPANIES LIMITED

previous names

N/A

address

swift house, hambridge lane, newbury, berkshire, RG14 5TU

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 1 charges/mortgages relating to swift logistic solutions limited. Currently there are 0 open charges and 1 have been satisfied in the past.

swift logistic solutions limited Company Information

swift logistic solutions limited Estimated Valuation

swift logistic solutions limited Estimated Valuation

swift logistic solutions limited Estimated Valuation

Swift Logistic Solutions Limited Overview

Swift Logistic Solutions Limited Health Check

SWIFT LOGISTIC SOLUTIONS LIMITED financials

swift logistic solutions limited Credit Report and Business Information

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swift logistic solutions limited Ownership

swift logistic solutions limited directors

swift logistic solutions limited company details

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swift logistic solutions limited Companies House Filings - See Documents