Swap Commerce Ltd

Swap Commerce Ltd is a small, active company based in London, UK, founded three years ago in 2021. It holds £1,202,298 in assets and operates from a virtual address, a detail worth noting given that 232 companies are registered at the same location. The company is run by four directors, though there are no reported owners—likely one of the directors. It employs seven people, a significant increase from zero just a year ago.

Swap Commerce Ltd specializes in global e-commerce solutions, offering a platform for brands to scale internationally. Its website highlights a suite of services including shipping, tracking, returns, insurance, recycling, and data insights, all designed to streamline cross-border logistics. The company emphasizes its ability to consolidate operations, reduce costs, and provide data-driven recommendations, positioning itself as an “ecommerce OS.” Testimonials from satisfied clients praise the platform’s ability to save money, improve customer experience, and increase revenue.

Financially, Swap Commerce Ltd presents a mixed picture. While current assets have surged dramatically, reaching £1,200,000, net assets have plummeted to -£1,600,000. Bank borrowings have increased, and cash reserves have decreased. Trade debtors have ballooned, suggesting potential payment delays. Despite these challenges, creditors have decreased, indicating improved debt management. 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 equity drop warrants attention. The company's accounts are unaudited, and no auditor is mentioned.

The surge in employees, combined with the substantial losses, suggests Swap Commerce Ltd may be burning through cash to fuel its growth. Whether this investment will pay off in the long run, and whether the company can sustain its rapid expansion, remains to be seen.

Registered in England/Wales under the registration number 13674425, with a registered address at EC2A 4NE, London, 86-90 Paul Street.

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