Swains International Limited

Swains International Ltd, based in King's Lynn, UK, is a large, holding company with an active status, having been incorporated seventy-one years ago in 1953. The company employs twenty-nine people and holds assets valued at £4,476,331, generating a yearly revenue of £13,922,413. It's managed by six directors and has one owner, with a real address registered at Hardwick Industrial Estate. Swains International regularly imports and exports optical and medical tools and devices, with nineteen months of import activity and eleven months of export activity recorded.

The company's website suggests a focus on wholesale distribution of imaging products, with a strong emphasis on customer service and competitive pricing. It also appears to operate a separate division specializing in high-end piano restoration, a venture with a long history and a prestigious clientele. The website, salesswains.co.uk, is a key part of their business, requiring customers to sign in to view prices and place orders.

Financially, Swains International’s recent performance shows some concerning trends. Current assets decreased by 16%, dropping to £4,500,000, while net assets also declined by 21%, falling to £3,100,000. Bank borrowings have completely vanished, a significant change from previous years, and cash reserves have fallen by 44%, settling at £470,000. On the plus side, creditors decreased by 7%, suggesting improved debt management. The company meets the criteria for a large company, having a turnover of over £36 million and assets over £18 million, and employs more than 250 people. The company’s accounts were audited by Peters Elworthy & Moore.

While Swains International’s core business appears to be holding steady, the financial data reveals a need for careful monitoring. The piano restoration division, meanwhile, thrives on heritage and prestige—a contrast to the more modest wholesale operations. Whether the two can continue to support each other remains to be seen.

Registered in England/Wales under the registration number 00522068, with a registered address at PE30 4LS, England, King's Lynn, Norfolk, 26 Rollesby Road Hardwick Industrial Estate.

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