swift recycling limited
swift recycling limited Company Information
Group Structure
View All
Industry
Collection of non-hazardous waste
Registered Address
unit 6 st. georges square, portsmouth, PO1 3EY
Website
-swift recycling limited Estimated Valuation
Pomanda estimates the enterprise value of SWIFT RECYCLING LIMITED at £448.5k based on a Turnover of £625.8k and 0.72x industry multiple (adjusted for size and gross margin).
swift recycling limited Estimated Valuation
Pomanda estimates the enterprise value of SWIFT RECYCLING LIMITED at £0 based on an EBITDA of £-1.5k and a 3.77x industry multiple (adjusted for size and gross margin).
swift recycling limited Estimated Valuation
Pomanda estimates the enterprise value of SWIFT RECYCLING LIMITED at £0 based on Net Assets of £-478.3k and 3.17x industry multiple (adjusted for liquidity).
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Swift Recycling Limited Overview
Swift Recycling Limited is a live company located in portsmouth, PO1 3EY with a Companies House number of 11302635. It operates in the collection of non-hazardous waste sector, SIC Code 38110. Founded in April 2018, it's largest shareholder is david bedford with a 100% stake. Swift Recycling Limited is a young, small sized company, Pomanda has estimated its turnover at £625.8k with rapid growth in recent years.
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Swift Recycling Limited Health Check
Pomanda's financial health check has awarded Swift Recycling Limited a 2.5 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
2 Strong
3 Regular
5 Weak
Size
annual sales of £625.8k, make it smaller than the average company (£13.7m)
- Swift Recycling Limited
£13.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 68%, show it is growing at a faster rate (8%)
- Swift Recycling Limited
8% - Industry AVG
Production
with a gross margin of 24.5%, this company has a comparable cost of product (24.5%)
- Swift Recycling Limited
24.5% - Industry AVG
Profitability
an operating margin of -18.1% make it less profitable than the average company (6.1%)
- Swift Recycling Limited
6.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (56)
3 - Swift Recycling Limited
56 - Industry AVG
Pay Structure
on an average salary of £37.4k, the company has an equivalent pay structure (£37.4k)
- Swift Recycling Limited
£37.4k - Industry AVG
Efficiency
resulting in sales per employee of £208.6k, this is more efficient (£166k)
- Swift Recycling Limited
£166k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is near the average (43 days)
- Swift Recycling Limited
43 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Swift Recycling Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Swift Recycling Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Swift Recycling Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 183.5%, this is a higher level of debt than the average (61.2%)
183.5% - Swift Recycling Limited
61.2% - Industry AVG
SWIFT RECYCLING LIMITED financials
Swift Recycling Limited's latest turnover from April 2023 is estimated at £625.8 thousand and the company has net assets of -£478.3 thousand. According to their latest financial statements, Swift Recycling Limited has 3 employees and maintains cash reserves of £12.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| 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 | 3 | 1 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 334,745 | 423,669 | 497,365 | ||
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | 136,832 | 109,045 | 51,939 | ||
| Total Fixed Assets | 471,577 | 532,714 | 549,304 | ||
| Stock & work in progress | |||||
| Trade Debtors | 85,000 | 1 | |||
| Group Debtors | |||||
| Misc Debtors | 3,434 | 2,610 | 9,924 | 1 | |
| Cash | 12,934 | 6,218 | 130,774 | ||
| misc current assets | |||||
| total current assets | 101,368 | 8,828 | 140,698 | 1 | 1 |
| total assets | 572,945 | 541,542 | 690,002 | 1 | 1 |
| Bank overdraft | |||||
| Bank loan | 10,000 | 1,809 | |||
| Trade Creditors | |||||
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 1,005,394 | 851,620 | 774,724 | ||
| total current liabilities | 1,015,394 | 853,429 | 774,724 | ||
| loans | 35,842 | 48,817 | 50,000 | ||
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | |||||
| total long term liabilities | 35,842 | 48,817 | 50,000 | ||
| total liabilities | 1,051,236 | 902,246 | 824,724 | ||
| net assets | -478,291 | -360,704 | -134,722 | 1 | 1 |
| total shareholders funds | -478,291 | -360,704 | -134,722 | 1 | 1 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 111,587 | 141,226 | 165,791 | ||
| Amortisation | |||||
| Tax | |||||
| Stock | |||||
| Debtors | 113,611 | 49,792 | 61,862 | 1 | |
| Creditors | |||||
| Accruals and Deferred Income | 153,774 | 76,896 | 774,724 | ||
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 8,191 | 1,809 | |||
| Group/Directors Accounts | |||||
| Other Short Term Loans | |||||
| Long term loans | -12,975 | -1,183 | 50,000 | ||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | |||||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 6,716 | -124,556 | 130,774 | ||
| overdraft | |||||
| change in cash | 6,716 | -124,556 | 130,774 |
swift recycling limited Credit Report and Business Information
Swift Recycling Limited Competitor Analysis
Perform a competitor analysis for swift recycling limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other small companies, companies in PO1 area or any other competitors across 12 key performance metrics.
swift recycling limited Ownership
SWIFT RECYCLING LIMITED group structure
Swift Recycling Limited has no subsidiary companies.
Ultimate parent company
SWIFT RECYCLING LIMITED
11302635
swift recycling limited directors
Swift Recycling Limited currently has 1 director, Mr David Bedford serving since Apr 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Bedford | England | 45 years | Apr 2018 | - | Director |
P&L
April 2023turnover
625.8k
+304%
operating profit
-113.1k
0%
gross margin
24.5%
+1.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-478.3k
+0.33%
total assets
572.9k
+0.06%
cash
12.9k
+1.08%
net assets
Total assets minus all liabilities
swift recycling limited company details
company number
11302635
Type
Private limited with Share Capital
industry
38110 - Collection of non-hazardous waste
incorporation date
April 2018
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
N/A
accountant
-
auditor
-
address
unit 6 st. georges square, portsmouth, PO1 3EY
Bank
-
Legal Advisor
-
swift recycling 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 recycling limited.
swift recycling 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.
Click to start generating capital raising & share issue transactions for SWIFT RECYCLING LIMITED. This can take several minutes, an email will notify you when this has completed.
swift recycling limited Companies House Filings - See Documents
| date | description | view/download |
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