swiftform limited

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swiftform limited Company Information

Share SWIFTFORM LIMITED

Company Number

07551526

Shareholders

kerry gibbons

elizabeth hague

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Group Structure

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Industry

Wholesale of wood, construction materials and sanitary equipment

 

Registered Address

total group, pinnacle point boundary ind est, wolverhampton, WV10 7EL

swiftform limited Estimated Valuation

£720.2k

Pomanda estimates the enterprise value of SWIFTFORM LIMITED at £720.2k based on a Turnover of £1.8m and 0.39x industry multiple (adjusted for size and gross margin).

swiftform limited Estimated Valuation

£22.7k

Pomanda estimates the enterprise value of SWIFTFORM LIMITED at £22.7k based on an EBITDA of £6k and a 3.77x industry multiple (adjusted for size and gross margin).

swiftform limited Estimated Valuation

£287.7k

Pomanda estimates the enterprise value of SWIFTFORM LIMITED at £287.7k based on Net Assets of £140.8k and 2.04x industry multiple (adjusted for liquidity).

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Swiftform Limited Overview

Swiftform Limited is a live company located in wolverhampton, WV10 7EL with a Companies House number of 07551526. It operates in the wholesale of wood, construction materials and sanitary equipment sector, SIC Code 46730. Founded in March 2011, it's largest shareholder is kerry gibbons with a 38% stake. Swiftform Limited is a established, small sized company, Pomanda has estimated its turnover at £1.8m with high growth in recent years.

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Swiftform Limited Health Check

Pomanda's financial health check has awarded Swiftform Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £1.8m, make it smaller than the average company (£18.9m)

£1.8m - Swiftform Limited

£18.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (9.2%)

19% - Swiftform Limited

9.2% - Industry AVG

production

Production

with a gross margin of 23.9%, this company has a comparable cost of product (23.9%)

23.9% - Swiftform Limited

23.9% - Industry AVG

profitability

Profitability

an operating margin of 0.1% make it less profitable than the average company (4.7%)

0.1% - Swiftform Limited

4.7% - Industry AVG

employees

Employees

with 8 employees, this is below the industry average (40)

8 - Swiftform Limited

40 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.8k, the company has an equivalent pay structure (£41.8k)

£41.8k - Swiftform Limited

£41.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £229.6k, this is less efficient (£397.3k)

£229.6k - Swiftform Limited

£397.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 46 days, this is near the average (46 days)

46 days - Swiftform Limited

46 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 64 days, this is slower than average (41 days)

64 days - Swiftform Limited

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 31 days, this is less than average (56 days)

31 days - Swiftform Limited

56 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (12 weeks)

6 weeks - Swiftform Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 68.9%, this is a higher level of debt than the average (47.7%)

68.9% - Swiftform Limited

47.7% - Industry AVG

SWIFTFORM LIMITED financials

EXPORTms excel logo

Swiftform Limited's latest turnover from September 2023 is estimated at £1.8 million and the company has net assets of £140.8 thousand. According to their latest financial statements, Swiftform Limited has 8 employees and maintains cash reserves of £34.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012
Turnover1,836,7441,797,0121,121,3441,076,8921,050,128679,335000000
Other Income Or Grants000000000000
Cost Of Sales1,398,4121,367,350845,601808,666805,873520,162000000
Gross Profit438,332429,662275,744268,227244,255159,173000000
Admin Expenses436,145389,480233,509232,126202,423137,804000000
Operating Profit2,18740,18242,23536,10141,83221,369000000
Interest Payable4,8754,0563,0501,52500000000
Interest Receivable2,2477913433212101000000
Pre-Tax Profit-44136,91739,22034,60942,04421,470000000
Tax0-7,014-7,452-6,576-7,988-4,079000000
Profit After Tax-44129,90331,76828,03334,05617,391000000
Dividends Paid000000000000
Retained Profit-44129,90331,76828,03334,05617,391000000
Employee Costs334,721323,651187,178182,269215,467210,000000000
Number Of Employees885566000000
EBITDA*6,04243,72743,13336,99743,41321,827000000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012
Tangible Assets42,90736,0669,6114,3998,96110,542000000
Intangible Assets000000000000
Investments & Other000000000000
Debtors (Due After 1 year)000000000000
Total Fixed Assets42,90736,0669,6114,3998,96110,542000000
Stock & work in progress121,65169,47970,60828,47833,29135,378000000
Trade Debtors232,732277,094267,328233,534187,25166,952000000
Group Debtors00000117,401000000
Misc Debtors21,52336,443019,05322,5270000000
Cash34,14851,46518,86949,94216,24740,34910000000
misc current assets000000000000
total current assets410,054434,481356,805331,007259,316260,08010000000
total assets452,961470,547366,416335,406268,277270,62210000000
Bank overdraft000000000000
Bank loan10,00010,0001,667000000000
Trade Creditors 246,377251,718127,122135,871150,24179,753000000
Group/Directors Accounts00000115,555000000
other short term finances000000000000
hp & lease commitments000000000000
other current liabilities19,28822,39175,54269,11964,78655,820000000
total current liabilities275,665284,109204,331204,990215,027251,128000000
loans28,33438,33448,33450,00000000000
hp & lease commitments000000000000
Accruals and Deferred Income000000000000
other liabilities000000000000
provisions8,1526,8532,4038361,7032,003000000
total long term liabilities36,48645,18750,73750,8361,7032,003000000
total liabilities312,151329,296255,068255,826216,730253,131000000
net assets140,810141,251111,34879,58051,54717,49110000000
total shareholders funds140,810141,251111,34879,58051,54717,49110000000
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012
Operating Activities
Operating Profit2,18740,18242,23536,10141,83221,369000000
Depreciation3,8553,5458988961,581458000000
Amortisation000000000000
Tax0-7,014-7,452-6,576-7,988-4,079000000
Stock52,172-1,12942,130-4,813-2,08735,378000000
Debtors-59,28246,20914,74142,80925,425184,353000000
Creditors-5,341124,596-8,749-14,37070,48879,753000000
Accruals and Deferred Income-3,103-53,1516,4234,3338,96655,820000000
Deferred Taxes & Provisions1,2994,4501,567-867-3002,003000000
Cash flow from operations6,00767,528-21,949-18,47991,241-64,407000000
Investing Activities
capital expenditure-10,696-30,000-6,1103,6660-11,000000000
Change in Investments000000000000
cash flow from investments-10,696-30,000-6,1103,6660-11,000000000
Financing Activities
Bank loans08,3331,667000000000
Group/Directors Accounts0000-115,555115,555000000
Other Short Term Loans 000000000000
Long term loans-10,000-10,000-1,66650,00000000000
Hire Purchase and Lease Commitments000000000000
other long term liabilities000000000000
share issue00000010000000
interest-2,628-3,265-3,016-1,492212101000000
cash flow from financing-12,628-4,932-3,01548,508-115,343115,65610000000
cash and cash equivalents
cash-17,31732,596-31,07333,695-24,10240,24910000000
overdraft000000000000
change in cash-17,31732,596-31,07333,695-24,10240,24910000000

swiftform 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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Swiftform Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for swiftform limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in WV10 area or any other competitors across 12 key performance metrics.

swiftform limited Ownership

SWIFTFORM LIMITED group structure

Swiftform Limited has no subsidiary companies.

Ultimate parent company

SWIFTFORM LIMITED

07551526

SWIFTFORM LIMITED Shareholders

kerry gibbons 38%
elizabeth hague 37%
spencer law 25%

swiftform limited directors

Swiftform Limited currently has 3 directors. The longest serving directors include Mr Craig Gibbons (Mar 2011) and Mr Matthew Hague (Mar 2011).

officercountryagestartendrole
Mr Craig GibbonsUnited Kingdom55 years Mar 2011- Director
Mr Matthew HagueEngland53 years Mar 2011- Director
Mr Spencer LawEngland55 years Sep 2017- Director

P&L

September 2023

turnover

1.8m

+2%

operating profit

2.2k

0%

gross margin

23.9%

-0.19%

turnover

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

Balance Sheet

September 2023

net assets

140.8k

0%

total assets

453k

-0.04%

cash

34.1k

-0.34%

net assets

Total assets minus all liabilities

swiftform limited company details

company number

07551526

Type

Private limited with Share Capital

industry

46730 - Wholesale of wood, construction materials and sanitary equipment

incorporation date

March 2011

age

14

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

September 2023

previous names

N/A

accountant

-

auditor

-

address

total group, pinnacle point boundary ind est, wolverhampton, WV10 7EL

Bank

-

Legal Advisor

-

swiftform 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 did not find charges/mortgages relating to swiftform limited.

swiftform 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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swiftform limited Companies House Filings - See Documents

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