Swift Passage Limited

Swift Passage Limited, based in London, UK, is a small, active company founded six years ago in 2019. With ten employees and £204,792 in assets, it operates from a virtual address—a detail worth noting, as forty-two companies share the same address. The business is led by a single director and owner, Zeng Qinghai, and is described as a solo founder. The company’s primary activities involve importing plastics and plastic products (sporadically, with just two months of import activity recorded) and exporting optical and medical tools and devices (again, infrequently, with one month of export activity).

The company's website, Swift Passage, LLC, focuses on helping businesses explore export opportunities. It positions itself as a trusted advisor guiding companies through the complexities of international trade, offering services like market research, strategic planning, and execution support. The site emphasizes the benefits of going global—increased sales, resilience, and competitiveness—and acknowledges the challenges involved, such as cultural and logistical hurdles. It’s clear the company aims to facilitate international expansion for other businesses, rather than directly engaging in large-scale trade itself.

Financially, Swift Passage Limited presents a mixed picture. While the company's small size (meeting two of three criteria for a small company) allows for agility, recent trends raise concerns. Current assets have fallen significantly, dropping 37% to £200,000, and net assets have plummeted 160% to -£78,000—a substantial loss of equity. Cash reserves have also decreased by 10%, reaching £180,000. Creditors have increased by 52%, and trade debtors have fallen dramatically by 80%, suggesting potential payment difficulties. The company’s bank borrowings have also increased, which could be a sign of financial strain. With no auditor mentioned, the unaudited figures rely on director-reported data.

It’s evident that Swift Passage Limited is facing financial challenges, potentially burning through cash as it invests in its advisory services. The company’s focus on facilitating international trade for others, combined with its own financial struggles, suggests a need to re-evaluate its business model and ensure its own sustainability.

Registered in England/Wales under the registration number 11793512, with a registered address at W1D 5LG, England, London, 29-30 Frith Street, 3rd Floor, C/O Wong Lange & Co.

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