Swift Analytical Limited

Swift Analytical Limited, based in York, UK, is a small, active company founded 14 years ago. With two employees and £58,359 in assets, it operates from a real address within the Innovation Centre. The company is led by three directors, including Surve Mehboob Abdulkadir, who also acts as the owner. It regularly imports machinery, boilers, and mechanical appliances—parts, with the latest import occurring in July 2024. The company’s activities fall under the broader category of other professional, scientific, and technical activities.

The company’s website isn’t particularly expansive, but it does hint at a focus on laboratory equipment. It's not clear if they have an e-commerce presence or primarily operate as a supplier to businesses.

Financially, Swift Analytical Limited’s recent performance reveals a concerning trend. Net assets have significantly declined by 63%, falling from £41,000 to just £15,000. Current assets have also plummeted by 60%, dropping to £58,000. Bank borrowings have seen a slight decrease, but cash reserves have shrunk by 26%, leaving only £42,000. Creditors have also decreased significantly, which could indicate improved debt management, however, the sharp drop in equity is a cause for concern. Trade debtors have also fallen considerably. The company meets the criteria for a small company—turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—and the financial statements are unaudited, as is common for companies of this size.

While the company’s long-standing presence and regular import activity suggest a degree of stability, the declining asset base and shrinking cash reserves point to potential financial pressures. The decrease in equity could be due to a variety of factors, such as reduced profitability or increased investment, but it warrants closer scrutiny. The lack of an auditor mentioned reinforces the need to interpret these figures with caution.

Registered in England/Wales under the registration number 07519340, with a registered address at YO10 5NY, England, York, Innovation Centre Innovation Way, Heslington.

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