Swift Lawyers Limited

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swift lawyers limited Company Information

Live

EstablishedMicroDeclining

Company Number

07680861

Website

swiftlawyers.co.uk

Registered Address

tymark house, 47 breightmet street, bolton, BL2 1BR

Industry

Solicitors

Telephone

01204939679

Next Accounts Due

June 2025

Group Structure

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Directors

Nazira Adam7 Years

Robert Lewis3 Years

View All

Shareholders

nazira adam 100%

swift lawyers limited Estimated Valuation

£891.8k

Pomanda estimates the enterprise value of SWIFT LAWYERS LIMITED at £891.8k based on an EBITDA of £359.2k and a 2.48x industry multiple (adjusted for size and gross margin).

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Swift Lawyers Limited is a live company located in bolton, BL2 1BR with a Companies House number of 07680861. It operates in the solicitors sector, SIC Code 69102. Founded in June 2011, it's largest shareholder is nazira adam with a 100% stake. Swift Lawyers Limited is a established, micro sized company, Pomanda has estimated its turnover at £480k with declining growth in recent years.

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Pomanda's financial health check has awarded Swift Lawyers Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

8 Weak

Size

annual sales of £480k, make it smaller than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (6.8%)

EXPORT

Swift Lawyers Limited's latest turnover from September 2023 is estimated at £480 thousand and the company has net assets of £88.1 thousand. According to their latest financial statements, Swift Lawyers Limited has 15 employees and maintains cash reserves of £4.9 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
Turnover	480,023	456,617	783,639	719,347	424,532	430,924	107,978	429,944	18,370	15,785	22,250	12,692
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	283,751	277,380	499,489	454,880	261,618	275,759	61,615	241,577	11,177	9,916	14,457	8,213
Gross Profit	196,271	179,236	284,150	264,467	162,915	155,165	46,363	188,368	7,193	5,869	7,794	4,480
Admin Expenses	-158,181	380,083	245,594	274,016	180,771	173,540	-19,686	137,559	64,898	1,872	25,720	-15,153
Operating Profit	354,452	-200,847	38,556	-9,549	-17,856	-18,375	66,049	50,809	-57,705	3,997	-17,926	19,633
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	274	69	0	0	98	246	87	42	15	88	188	106
Pre-Tax Profit	354,727	-200,778	38,556	-9,549	-17,758	-18,129	66,136	50,851	-57,690	4,085	-17,738	19,739
Tax	-88,682	0	-7,326	0	0	0	-12,566	-10,170	0	-858	0	-4,737
Profit After Tax	266,045	-200,778	31,230	-9,549	-17,758	-18,129	53,570	40,681	-57,690	3,227	-17,738	15,002
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	266,045	-200,778	31,230	-9,549	-17,758	-18,129	53,570	40,681	-57,690	3,227	-17,738	15,002
Employee Costs	563,901	590,411	647,473	539,249	563,208	509,648	57,404	543,379	30,720	29,279	30,068	30,932
Number Of Employees	15	17	20	17	17	17	2	18	1	1	1	1
EBITDA*	359,160	-200,847	38,556	-8,413	-17,856	-18,375	66,049	55,193	-53,252	8,544	-14,890	22,651

* 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
Tangible Assets	13,412	17,819	19,508	2,900	4,036	5,239	7,829	4,872	9,256	13,044	10,103	12,736
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	13,412	17,819	19,508	2,900	4,036	5,239	7,829	4,872	9,256	13,044	10,103	12,736
Stock & work in progress	767,000	311,000	0	0	85,000	10,000	0	0	0	0	0	0
Trade Debtors	48,169	9,331	301,510	267,814	18,778	27,080	45,723	7,248	3,470	6,114	6,010	4,040
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	1,615	3,230	0	0	0	0	0	0	0	0
Cash	4,857	6,122	0	0	12	26,032	39,576	30,244	3,511	2,328	32,903	42,413
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	820,026	326,453	303,125	271,044	103,790	63,112	85,299	37,492	6,981	8,442	38,913	46,453
total assets	833,438	344,272	322,633	273,944	107,826	68,351	93,128	42,364	16,237	21,486	49,016	59,189
Bank overdraft	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
Trade Creditors	462,871	299,405	140,489	112,077	105,893	48,431	54,587	57,029	71,583	17,985	49,731	27,115
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	14,524
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	462,871	299,405	140,489	112,077	105,893	48,431	54,587	57,029	71,583	17,985	49,731	41,639
loans	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
Accruals and Deferred Income	0	0	1,680	1,600	0	0	0	0	0	0	0	0
other liabilities	279,904	219,412	153,911	168,100	0	0	0	0	0	0	0	0
provisions	2,549	3,386	3,707	551	767	996	1,488	1,852	1,852	3,009	2,020	2,547
total long term liabilities	282,453	222,798	159,298	170,251	767	996	1,488	1,852	1,852	3,009	2,020	2,547
total liabilities	745,324	522,203	299,787	282,328	106,660	49,427	56,075	58,881	73,435	20,994	51,751	44,186
net assets	88,114	-177,931	22,846	-8,384	1,166	18,924	37,053	-16,517	-57,198	492	-2,735	15,003
total shareholders funds	88,114	-177,931	22,846	-8,384	1,166	18,924	37,053	-16,517	-57,198	492	-2,735	15,003

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012
Operating Activities
Operating Profit	354,452	-200,847	38,556	-9,549	-17,856	-18,375	66,049	50,809	-57,705	3,997	-17,926	19,633
Depreciation	4,708	0	0	1,136	0	0	0	4,384	4,453	4,547	3,036	3,018
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-88,682	0	-7,326	0	0	0	-12,566	-10,170	0	-858	0	-4,737
Stock	456,000	311,000	0	-85,000	75,000	10,000	0	0	0	0	0	0
Debtors	38,838	-293,794	32,081	252,266	-8,302	-18,643	38,475	3,778	-2,644	104	1,970	4,040
Creditors	163,466	158,916	28,412	6,184	57,462	-6,156	-2,442	-14,554	53,598	-31,746	22,616	27,115
Accruals and Deferred Income	0	-1,680	80	1,600	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-837	-321	3,156	-216	-229	-492	-364	0	-1,157	989	-527	2,547
Cash flow from operations	-61,731	-61,138	30,797	-168,111	-27,321	-16,380	12,202	26,691	1,833	-23,175	5,229	43,536
Investing Activities
capital expenditure	-301	1,689	-16,608	0	1,203	2,590	-2,957	0	-665	-7,488	-403	-15,754
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-301	1,689	-16,608	0	1,203	2,590	-2,957	0	-665	-7,488	-403	-15,754
Financing Activities
Bank loans	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	-14,524	14,524
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	60,492	65,501	-14,189	168,100	0	0	0	0	0	0	0	0
share issue	0	1	0	-1	0	0	0	0	0	0	0	1
interest	274	69	0	0	98	246	87	42	15	88	188	106
cash flow from financing	60,766	65,571	-14,189	168,099	98	246	87	42	15	88	-14,336	14,631
cash and cash equivalents
cash	-1,265	6,122	0	-12	-26,020	-13,544	9,332	26,733	1,183	-30,575	-9,510	42,413
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,265	6,122	0	-12	-26,020	-13,544	9,332	26,733	1,183	-30,575	-9,510	42,413

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SWIFT LAWYERS LIMITED group structure

Swift Lawyers Limited has no subsidiary companies.

Ultimate parent company

SWIFT LAWYERS LIMITED

07680861

SWIFT LAWYERS LIMITED Shareholders

nazira adam

100%

Swift Lawyers Limited currently has 3 directors. The longest serving directors include Miss Nazira Adam (Mar 2017) and Mr Robert Lewis (Jun 2021).

officer	country	age	start	end	role
Miss Nazira Adam	England	44 years	Mar 2017	-	Director
Mr Robert Lewis	England	39 years	Jun 2021	-	Director
Mrs Fozia Bibi	United Kingdom	34 years	Feb 2023	-	Director

P&L

September 2023

turnover

480k

+5%

operating profit

354.5k

gross margin

40.9%

+4.16%

turnover

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

Balance Sheet

September 2023

net assets

88.1k

-1.5%

total assets

833.4k

+1.42%

cash

4.9k

-0.21%

net assets

Total assets minus all liabilities

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company number

07680861

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

June 2011

ultimate parent company

None

previous names

N/A

address

tymark house, 47 breightmet street, bolton, BL2 1BR

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 swift lawyers limited.

swift lawyers limited Company Information

swift lawyers limited Estimated Valuation

swift lawyers limited Estimated Valuation

swift lawyers limited Estimated Valuation

Swift Lawyers Limited Overview

Swift Lawyers Limited Health Check

SWIFT LAWYERS LIMITED financials

swift lawyers limited Credit Report and Business Information

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swift lawyers limited Ownership

swift lawyers limited directors

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