Sunswap Ltd

Sunswap Ltd, based in Leatherhead, UK, is a small, active company founded five years ago in 2020. With 14 employees and £3,264,202 in assets, it operates from a real address and is overseen by seven directors, though there are no reported owners. The company boasts a perfect 5.0 Google rating based on four reviews. Sunswap is a regular importer, specializing in electrical machinery and equipment, with 46 months of import activity recorded, the last in February 01, 2025.

The company's website paints a picture of a business focused on decarbonizing transport refrigeration. Sunswap develops battery and solar-powered refrigeration units, marketed as a sustainable alternative to diesel. The site highlights partnerships with companies like DFDS, Freshlinc, TIP, Muller Milk Ingredients Distribution, and Samworth Brothers, showcasing successful trials and adoption of their technology. Case studies emphasize reduced carbon emissions, cost savings, and improved efficiency. The company also offers an aftermarket support service called Sunswap Shield, designed to maximize fleet uptime.

Financially, Sunswap Ltd shows a mixed picture. While the company’s assets are substantial, several key metrics indicate potential challenges. Accumulated depreciation on property, plant, and equipment has increased significantly, by 270%, suggesting increased wear and tear or investment in new equipment. Bank borrowings have surged by a staggering 3,500%, reaching £5,900,000, while net assets have plummeted by 320%, falling to -£6,400,000. Cash reserves also decreased by 5.7%, sitting at £2,400,000. Trade creditors have also increased dramatically, by 3,500%, reaching £5,900,000. The number of employees has doubled, from 14 to 30, indicating rapid growth and potentially increased operational costs. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the significant debt increase raises questions about its financial sustainability. With no auditor mentioned, the figures are unaudited.

In short, Sunswap Ltd is a growing company with an innovative product, but it's facing financial pressures. The company’s success hinges on its ability to secure further investment and scale its operations while managing its debt load.

Registered in England/Wales under the registration number 12407155, with a registered address at KT22 7BA, England, Leatherhead, Unit 9 Mole Business Park, Randalls Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.