Swift Aerospace Services Limited

Swift Aerospace Services Ltd, based in Welwyn Garden City, UK, is a small, active company founded 32 years ago in 1992. With 25 employees and £10.285 million in assets, it’s a well-established operation, boasting a perfect 5.0 Google rating from six reviews. The company operates from a real address and is led by three directors, with Rupert Gerber as the solo owner and founder. It regularly imports and exports iron or steel products, with 1111 months of import activity and 457 months of export activity recorded.

The company’s website is not available, so it’s difficult to determine the specifics of its operations. However, it’s known to operate in the wholesale of other intermediate products industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Financially, Swift Aerospace Services Ltd shows a mixed picture. Bank borrowings have surged by 130%, reaching £1.2 million, while creditors have increased by 57% to £3.9 million. Debtors have also risen significantly, up 27% to £5.2 million. However, cash reserves remain steady at £2, while net assets increased by 7.2% to £6.5 million. The company’s average number of employees has increased slightly, up 16% to 29. It's interesting to note the increase in specific advances to directors, jumping 700% to £200,000. With no auditor mentioned, the figures are unaudited.

The company's significant increase in bank borrowings and debtors, alongside the rise in advances to directors, suggests it may be experiencing cash flow pressures. However, the increase in net assets and steady cash reserves indicate that it’s not yet in a crisis. The company’s long history and positive Google rating suggest it has a loyal customer base, but it will need to manage its finances carefully to ensure its continued success.

Registered in England/Wales under the registration number 02724904, with a registered address at AL7 1LT, Welwyn Garden City, Herts, Unit B City Park, Watchmead.

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