Swg3 Ltd

Swg3 Ltd is a small, active company based in Glasgow, UK, founded ten years ago in 2015. With 104 employees and £999,991 in assets, it operates from a real address at Eastvale Place. The company has two directors and one owner, Fleming-brown Andrew Gerald. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with the last import operation occurring over two years ago in March 2022.

The company’s website showcases a vibrant hub for arts and events. It hosts a variety of gigs, club nights, and art installations across spaces like the Galvanizers Yard, Zinc Bar, and The Poetry Club. The site promotes upcoming events like Pressure Yard Sessions, Hot Dub Time Machine, and a Franz Ferdinand concert, alongside news about new billboard art and dog-lover festivals. The site also highlights venue hire options and offers a mailing list for up-to-date information on events. It's clearly focused on attracting a diverse audience and providing a platform for both established and emerging artists. It doesn't appear to be an e-commerce site; instead, it's a promotional platform for events and venue hire.

Financially, Swg3 Ltd shows some concerning trends. While current assets increased by 83% to £1,000,000, net assets grew by a more modest 45% to £530,000. Bank borrowings decreased by 35%, which is a positive sign. However, creditors increased significantly by 36%, suggesting a reliance on short-term financing. The company’s employees increased by 15% to 120, which could indicate growth but also increased operational costs. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned suggests it's exempt from an audit as a small company, and the financial statements are unaudited.

In conclusion, Swg3 Ltd seems to be a thriving events and arts venue, but the rising creditors and the drop in equity raise some questions. The company’s continued success will likely depend on its ability to manage its finances and attract a steady stream of events and patrons.

Registered in Scotland under the registration number SC502918, with a registered address at G3 8QG, Scotland, Glasgow, Arch 25 Arch 25, Eastvale Place.

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