Swantech Limited

Swantech Ltd from Hull UK: a small, active company founded 44 years ago in 1980, employs 15 people and holds £93,678 in assets. It's a real address with three directors, though there are no reported owners – a common situation. Google ratings are a perfect 5.0 based on three reviews. The company is an irregular importer of wood and wood products, with just one month of imports recorded.

Swantech operates as a contract saw mill, set up in 1980 at Breighton Airfield. It’s a family-owned business that specializes in contract wood machining for customers needing wood cut to specific sizes. The website highlights its expertise, offering services like contract sawing and high-pressure treatment. It even has a palletising robot coming soon. The company’s website is well-designed and professional, showcasing its services and client testimonials.

Financially, Swantech’s numbers paint a mixed picture. Current assets have fallen by 33%, dropping to £94,000, and net assets have also declined by 21%, now at £380,000. Bank borrowings have increased by 28%, reaching £140,000, while cash reserves have seen a dramatic increase of 4500%, now at £5,100. Creditors have also risen by 21%, reaching £210,000. The company's small size – meeting two of three conditions for a small company – allows for flexibility, but the decline in equity and the increase in bank borrowings are concerning. The company is exempt from an audit, so the figures are unaudited.

The company’s financial data shows a decrease in employees, dropping from 15 to 10, which could be a result of restructuring or economic pressures. The increase in cash reserves is a positive sign, but the rising debt levels and decreasing equity suggest the company is burning through money. The lack of an auditor mentioned further complicates the picture, leaving potential investors with limited insight into the company’s true financial health.

Registered in England/Wales under the registration number 01516289, with a registered address at HU9 1PA, England, Hull, East Yorkshire, Hawthorn Timber Wyke Street, Hedon Road.

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