Swift Precision Limited

Swift Precision Limited, based in Pinxton, UK, is a small, active company established 21 years ago. With 45 employees and £1,384,894 in assets, it operates from a real address and is managed by two directors and two owners. The company regularly imports aluminum and aluminum products—a trend spanning 29 months, with the last import occurring in July 2023—but doesn’t export anything.

The company’s website is unavailable, making it difficult to determine its exact operations beyond what's publicly known. It’s likely focused on manufacturing metal structures and parts of structures, as stated in the report.

Financially, Swift Precision Limited shows a mixed picture. Current assets have decreased by 37%, falling to £1,400,000, while net assets have also dropped by 37%, reaching £760,000. Bank borrowings have been reduced by 48%, sitting at £54,000, and cash reserves have fallen by 53%, down to £360,000. Creditors have also decreased by 13%, to £910,000, suggesting better debt management. The company's small size—meeting two of three criteria for being a small company—allows for agility, but the decline in equity raises concerns. The company is exempt from an audit, so the figures are unaudited.

It’s worth noting that the company’s workforce has slightly increased, with an average of 47 employees during the reporting period, up from 45. This could indicate expansion or increased workload. The company’s reliance on aluminum imports and lack of exports suggests a focus on domestic manufacturing, and the decrease in bank borrowings is a positive sign.

Registered in England/Wales under the registration number 05036795, with a registered address at NG16 6LE, Pinxton, Nottinghamshire, 50 Brookhill Road, Brookhill Industrial Estate.

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