Swico Limited

Swico Ltd from Liphook UK is a small, holding company with an active status, celebrating 75 years since its founding in 1949. The company employs 25 people and holds assets valued at £2,407,585. It operates from a real address and is overseen by three directors and one owner. Swico Ltd is a regular importer and exporter of clocks, watches, and their parts, with 180 months of import activity and 73 months of export activity recorded—the latest export operation took place in December 2024.

The company’s website, swico.co.uk, reveals a specialized service: watch repair and restoration. It functions as the official UK service centre for several watch brands, offering warranty and non-warranty repairs via a convenient online portal and secure postal service. The site highlights in-house specialist watchmakers, a focus on Swissmade luxury watch repair, and a partnership with Swissmade, a separate entity based in London's jewellery quarter. The website also features a dedicated section for 1066 Pianos, a division specializing in museum-grade piano restoration—a surprising, yet intriguing, diversification.

Financially, Swico Ltd’s recent performance presents a mixed picture. While cash reserves have dramatically increased by 1,800% to £63,000, net assets have significantly decreased by 27% to £790,000. Bank borrowings have also fallen by 25% to £25,000, and trade creditors have decreased by 27% to £77,000. The company's small size—meeting two of three criteria for being a small company—allows for agility, but the drop in equity raises questions about its long-term stability. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company, relying on unaudited statements.

The company’s increased cash reserves are a positive sign, but the decrease in net assets suggests it may be burning through money. The diversification into piano restoration, while potentially lucrative, could also be a distraction from its core business. It's possible the company is reinvesting heavily in its operations or facing increased costs—but without more detailed information, it’s difficult to say for sure.

Registered in England/Wales under the registration number 00469666, with a registered address at GU30 7DW, England, Liphook, 5 Station Road.

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