Swift Maintenance Services (1973) Limited

Swift Maintenance Services (1973) Ltd, based in Wednesbury, UK, is a small, active company established 14 years ago. With 22 employees and £1,791,734 in assets, it's a well-established player in the local area. The company has four directors and one owner, and boasts a perfect 5.0 Google rating based on three reviews – a testament to its customer service. It's a regular importer of machinery, boilers, and mechanical appliances, with recent activity recorded as of March 2025.

The company’s core business revolves around the repair of machinery, operating within the industrial sector. It seems to be a relatively straightforward operation, with no obvious e-commerce presence or diversification into other ventures. The registered address, shared with just two other companies, suggests a real and stable location.

Financially, Swift Maintenance Services shows some interesting trends. While cash reserves increased by a healthy 38% to £740,000, current assets experienced a 8.2% decrease to £1,800,000. Debtor levels have fallen significantly, down 26% to £1,100,000, which is a positive sign of improved collection efficiency. However, the company’s bank borrowings have surged by a staggering 1,500% to £300,000, and net assets have increased by 10% to £1,000,000. The increase in bank borrowings, despite the drop in debtors, could indicate investment in new equipment or expansion plans. 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 reliance on borrowing raises questions about long-term sustainability. As a small company, it's likely exempt from an external audit, so the financial data is unaudited. The increase in the number of employees, from 22 to 29, is also notable, suggesting growth within the business.

Registered in England/Wales under the registration number 07649586, with a registered address at WS10 7EW, Wednesbury, West Midlands, Unit 2 Albert Street.

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