swift assist limited
swift assist limited Company Information
Company Number
09978515
Next Accounts
Feb 2026
Shareholders
matthew james greevy
thomas greevy
Group Structure
View All
Industry
Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Registered Address
fulford house newbold terrace, leamington spa, warwickshire, CV32 4EA
Website
-swift assist limited Estimated Valuation
Pomanda estimates the enterprise value of SWIFT ASSIST LIMITED at £127.1k based on a Turnover of £198.6k and 0.64x industry multiple (adjusted for size and gross margin).
swift assist limited Estimated Valuation
Pomanda estimates the enterprise value of SWIFT ASSIST LIMITED at £1.9m based on an EBITDA of £637.7k and a 2.92x industry multiple (adjusted for size and gross margin).
swift assist limited Estimated Valuation
Pomanda estimates the enterprise value of SWIFT ASSIST LIMITED at £4.7m based on Net Assets of £2m and 2.33x industry multiple (adjusted for liquidity).
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Swift Assist Limited Overview
Swift Assist Limited is a live company located in warwickshire, CV32 4EA with a Companies House number of 09978515. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in February 2016, it's largest shareholder is matthew james greevy with a 50% stake. Swift Assist Limited is a young, micro sized company, Pomanda has estimated its turnover at £198.6k with declining growth in recent years.
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Swift Assist Limited Health Check
Pomanda's financial health check has awarded Swift Assist Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £198.6k, make it smaller than the average company (£10.4m)
- Swift Assist Limited
£10.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -33%, show it is growing at a slower rate (8.4%)
- Swift Assist Limited
8.4% - Industry AVG
Production
with a gross margin of 48.8%, this company has a comparable cost of product (48.8%)
- Swift Assist Limited
48.8% - Industry AVG
Profitability
an operating margin of 27.3% make it more profitable than the average company (12.5%)
- Swift Assist Limited
12.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (63)
2 - Swift Assist Limited
63 - Industry AVG
Pay Structure
on an average salary of £47.7k, the company has an equivalent pay structure (£47.7k)
- Swift Assist Limited
£47.7k - Industry AVG
Efficiency
resulting in sales per employee of £99.3k, this is less efficient (£227.5k)
- Swift Assist Limited
£227.5k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (51 days)
- Swift Assist Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 142 days, this is slower than average (51 days)
- Swift Assist Limited
51 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Swift Assist Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (7 weeks)
18 weeks - Swift Assist Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 54.1%, this is a lower level of debt than the average (64.9%)
54.1% - Swift Assist Limited
64.9% - Industry AVG
SWIFT ASSIST LIMITED financials
Swift Assist Limited's latest turnover from May 2024 is estimated at £198.6 thousand and the company has net assets of £2 million. According to their latest financial statements, Swift Assist Limited has 2 employees and maintains cash reserves of £279.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | May 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | May 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,742,187 | 2,491,332 | 1,467,367 | 1,297,080 | 1,001,670 | 828,007 | 346,549 | 292,667 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 100,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,842,187 | 2,591,332 | 1,467,367 | 1,297,080 | 1,001,670 | 828,007 | 346,549 | 292,667 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 5,460 | 479,430 | 100,000 | 170,000 | 171,000 | 97,200 | 10,452 | 10,000 |
| Group Debtors | 915,000 | 915,000 | 620,646 | 290,646 | 0 | 0 | 0 | 0 |
| Misc Debtors | 375,271 | 0 | 0 | 21,068 | 104,491 | 17,537 | 1,450 | 40,000 |
| Cash | 279,910 | 505,509 | 416,372 | 291,685 | 207,230 | 410,614 | 116,605 | 7,154 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,575,641 | 1,899,939 | 1,137,018 | 773,399 | 482,721 | 525,351 | 128,507 | 57,154 |
| total assets | 4,417,828 | 4,491,271 | 2,604,385 | 2,070,479 | 1,484,391 | 1,353,358 | 475,056 | 349,821 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 39,787 | 15,457 | 9,825 | 4,394 | 2,730 | 2,424 | 0 | 0 |
| Group/Directors Accounts | 21,409 | 232,854 | 0 | 0 | 60,088 | 60,088 | 9,932 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 743,665 | 638,885 | 291,074 | 289,068 | 264,647 | 202,976 | 53,528 | 16,821 |
| other current liabilities | 2,850 | 158,707 | 135,590 | 50,868 | 1,375 | 13,663 | 103,132 | 221,023 |
| total current liabilities | 807,711 | 1,045,903 | 436,489 | 344,330 | 328,840 | 279,151 | 166,592 | 237,844 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 705,104 | 735,493 | 272,967 | 291,312 | 249,757 | 212,872 | 70,127 | 18,450 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 265,000 | 220,000 | 160,000 | 120,000 | 80,000 | 80,000 | 0 | 0 |
| provisions | 611,554 | 517,478 | 299,208 | 259,456 | 168,034 | 25,000 | 0 | 0 |
| total long term liabilities | 1,581,658 | 1,472,971 | 732,175 | 670,768 | 497,791 | 317,872 | 70,127 | 18,450 |
| total liabilities | 2,389,369 | 2,518,874 | 1,168,664 | 1,015,098 | 826,631 | 597,023 | 236,719 | 256,294 |
| net assets | 2,028,459 | 1,972,397 | 1,435,721 | 1,055,381 | 657,760 | 756,335 | 238,337 | 93,527 |
| total shareholders funds | 2,028,459 | 1,972,397 | 1,435,721 | 1,055,381 | 657,760 | 756,335 | 238,337 | 93,527 |
| May 2024 | May 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 583,566 | 578,112 | 306,790 | 216,311 | 171,781 | 135,795 | 71,089 | 80,416 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -98,699 | 673,784 | 238,932 | 206,223 | 160,754 | 102,835 | -38,098 | 50,000 |
| Creditors | 24,330 | 5,632 | 5,431 | 1,664 | 306 | 2,424 | 0 | 0 |
| Accruals and Deferred Income | -155,857 | 23,117 | 84,722 | 49,493 | -12,288 | -89,469 | -117,891 | 221,023 |
| Deferred Taxes & Provisions | 94,076 | 218,270 | 39,752 | 91,422 | 143,034 | 25,000 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -211,445 | 232,854 | 0 | -60,088 | 0 | 50,156 | 9,932 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 74,391 | 810,337 | -16,339 | 65,976 | 98,556 | 292,193 | 88,384 | 35,271 |
| other long term liabilities | 45,000 | 60,000 | 40,000 | 40,000 | 0 | 80,000 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -225,599 | 89,137 | 124,687 | 84,455 | -203,384 | 294,009 | 109,451 | 7,154 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -225,599 | 89,137 | 124,687 | 84,455 | -203,384 | 294,009 | 109,451 | 7,154 |
swift assist limited Credit Report and Business Information
Swift Assist Limited Competitor Analysis
Perform a competitor analysis for swift assist limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in CV32 area or any other competitors across 12 key performance metrics.
swift assist limited Ownership
SWIFT ASSIST LIMITED group structure
Swift Assist Limited has no subsidiary companies.
Ultimate parent company
SWIFT ASSIST LIMITED
09978515
swift assist limited directors
Swift Assist Limited currently has 2 directors. The longest serving directors include Mr Matthew Greevy (Feb 2016) and Mr Thomas Greevy (Feb 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Greevy | United Kingdom | 40 years | Feb 2016 | - | Director |
| Mr Thomas Greevy | United Kingdom | 69 years | Feb 2016 | - | Director |
P&L
May 2024turnover
198.6k
-87%
operating profit
54.1k
0%
gross margin
48.9%
+5.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
2m
+0.03%
total assets
4.4m
-0.02%
cash
279.9k
-0.45%
net assets
Total assets minus all liabilities
swift assist limited company details
company number
09978515
Type
Private limited with Share Capital
industry
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
incorporation date
February 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2024
previous names
N/A
accountant
TGFP
auditor
-
address
fulford house newbold terrace, leamington spa, warwickshire, CV32 4EA
Bank
-
Legal Advisor
-
swift assist 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 swift assist limited.
swift assist 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 assist limited Companies House Filings - See Documents
| date | description | view/download |
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