swiftscale ltd
swiftscale ltd Company Information
Company Number
10295401
Next Accounts
451 days late
Shareholders
alexander sainty
tcv holdings ltd
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
leonard curtis house, elms square bury new road, greater manchester, M45 7TA
Website
swiftscale.coswiftscale ltd Estimated Valuation
Pomanda estimates the enterprise value of SWIFTSCALE LTD at £158.4k based on a Turnover of £238.5k and 0.66x industry multiple (adjusted for size and gross margin).
swiftscale ltd Estimated Valuation
Pomanda estimates the enterprise value of SWIFTSCALE LTD at £11.1k based on an EBITDA of £2.4k and a 4.68x industry multiple (adjusted for size and gross margin).
swiftscale ltd Estimated Valuation
Pomanda estimates the enterprise value of SWIFTSCALE LTD at £44.1k based on Net Assets of £19.3k and 2.29x industry multiple (adjusted for liquidity).
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Swiftscale Ltd Overview
Swiftscale Ltd is a live company located in greater manchester, M45 7TA with a Companies House number of 10295401. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in July 2016, it's largest shareholder is alexander sainty with a 55.7% stake. Swiftscale Ltd is a young, micro sized company, Pomanda has estimated its turnover at £238.5k with declining growth in recent years.
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Swiftscale Ltd Health Check
Pomanda's financial health check has awarded Swiftscale Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
6 Weak
Size
annual sales of £238.5k, make it smaller than the average company (£887.9k)
- Swiftscale Ltd
£887.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (4%)
- Swiftscale Ltd
4% - Industry AVG
Production
with a gross margin of 45.2%, this company has a comparable cost of product (45.2%)
- Swiftscale Ltd
45.2% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (7.7%)
- Swiftscale Ltd
7.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (10)
2 - Swiftscale Ltd
10 - Industry AVG
Pay Structure
on an average salary of £51.6k, the company has an equivalent pay structure (£51.6k)
- Swiftscale Ltd
£51.6k - Industry AVG
Efficiency
resulting in sales per employee of £119.2k, this is equally as efficient (£119.2k)
- Swiftscale Ltd
£119.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Swiftscale Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Swiftscale Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Swiftscale Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (24 weeks)
0 weeks - Swiftscale Ltd
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.3%, this is a higher level of debt than the average (56.5%)
86.3% - Swiftscale Ltd
56.5% - Industry AVG
SWIFTSCALE LTD financials
Swiftscale Ltd's latest turnover from March 2022 is estimated at £238.5 thousand and the company has net assets of £19.3 thousand. According to their latest financial statements, Swiftscale Ltd has 2 employees and maintains cash reserves of £1.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Jul 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 | 4 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Jul 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 943 | 2,243 | 2,325 | 2,297 | ||
| Intangible Assets | ||||||
| Investments & Other | 10 | |||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 943 | 2,243 | 2,335 | 2,297 | ||
| Stock & work in progress | ||||||
| Trade Debtors | 148,000 | 34,000 | 12,000 | |||
| Group Debtors | 7,732 | 25,688 | 6,500 | |||
| Misc Debtors | 139,341 | 159,677 | 108,197 | 1,872 | 3,357 | |
| Cash | 1,060 | 680 | 189 | 1,427 | 398 | |
| misc current assets | ||||||
| total current assets | 140,401 | 159,677 | 108,877 | 157,793 | 64,472 | 18,898 |
| total assets | 140,401 | 160,620 | 111,120 | 160,128 | 66,769 | 18,898 |
| Bank overdraft | 6,666 | 8,333 | ||||
| Bank loan | ||||||
| Trade Creditors | 500 | 29,527 | 6,826 | 1,800 | ||
| Group/Directors Accounts | 6,954 | 3,108 | 208 | |||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 77,765 | 89,417 | 89,066 | 93,311 | 30,423 | 11,739 |
| total current liabilities | 84,431 | 97,750 | 89,566 | 129,792 | 40,357 | 13,747 |
| loans | 36,667 | 41,667 | ||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | 179 | 426 | 442 | 436 | ||
| total long term liabilities | 36,667 | 41,846 | 426 | 442 | 436 | |
| total liabilities | 121,098 | 139,596 | 89,992 | 130,234 | 40,793 | 13,747 |
| net assets | 19,303 | 21,024 | 21,128 | 29,894 | 25,976 | 5,151 |
| total shareholders funds | 19,303 | 21,024 | 21,128 | 29,894 | 25,976 | 5,151 |
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Jul 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 943 | 1,300 | 1,956 | 1,013 | 656 | |
| Amortisation | ||||||
| Tax | ||||||
| Stock | ||||||
| Debtors | -20,336 | 51,480 | -49,407 | 94,559 | 44,545 | 18,500 |
| Creditors | -500 | -29,027 | 22,701 | 5,026 | 1,800 | |
| Accruals and Deferred Income | -11,652 | 351 | -4,245 | 62,888 | 18,684 | 11,739 |
| Deferred Taxes & Provisions | -179 | -247 | -16 | 6 | 436 | |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | -10 | 10 | ||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | -6,954 | 3,846 | 2,900 | 208 | ||
| Other Short Term Loans | ||||||
| Long term loans | -5,000 | 41,667 | ||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 1,060 | -680 | 491 | -1,238 | 1,029 | 398 |
| overdraft | -1,667 | 8,333 | ||||
| change in cash | 2,727 | -9,013 | 491 | -1,238 | 1,029 | 398 |
swiftscale ltd Credit Report and Business Information
Swiftscale Ltd Competitor Analysis
Perform a competitor analysis for swiftscale ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in M45 area or any other competitors across 12 key performance metrics.
swiftscale ltd Ownership
SWIFTSCALE LTD group structure
Swiftscale Ltd has no subsidiary companies.
Ultimate parent company
SWIFTSCALE LTD
10295401
swiftscale ltd directors
Swiftscale Ltd currently has 2 directors. The longest serving directors include Mr George Johnston (Jul 2016) and Mr Alexander Sainty (Dec 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr George Johnston | England | 32 years | Jul 2016 | - | Director |
| Mr Alexander Sainty | England | 35 years | Dec 2017 | - | Director |
P&L
March 2022turnover
238.5k
+7%
operating profit
1.4k
0%
gross margin
45.2%
-7.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2022net assets
19.3k
-0.08%
total assets
140.4k
-0.13%
cash
1.1k
0%
net assets
Total assets minus all liabilities
swiftscale ltd company details
company number
10295401
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
July 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2022
previous names
future of work ltd. (August 2016)
accountant
-
auditor
-
address
leonard curtis house, elms square bury new road, greater manchester, M45 7TA
Bank
-
Legal Advisor
-
swiftscale ltd 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 swiftscale ltd.
swiftscale ltd 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.
Click to start generating capital raising & share issue transactions for SWIFTSCALE LTD. This can take several minutes, an email will notify you when this has completed.
swiftscale ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
