Swift Tg Maintenance Limited

Swift Tg Maintenance Limited, based in Norwich, UK, is a small, active holding company founded 16 years ago. With just one employee and £46,301 in assets, it operates from a virtual address shared by ten other companies. The business is overseen by one director and three owners, and it’s an irregular importer, bringing in optical and medical tools and devices for a couple of months, with the last import occurring in January 2024.

The company’s website highlights its aircraft maintenance services, covering a wide range of requirements from airframe repairs to avionics inspections and repainting. It's part of the Swift Technology Group and emphasizes quality and customer service, offering services for various aircraft types. The site also mentions a focus on accomplished aircraft maintenance and a commitment to CAA Part ML CAO approval.

Financially, Swift Tg Maintenance Limited presents a mixed picture. Current assets have decreased by 22%, dropping to £46,000, while net assets have plummeted 34%, reaching -£86,000. Bank borrowings have fallen by 15%, settling at £32,000, and cash reserves have shrunk by 36%, leaving just £10,000. Creditors have also decreased by 15%, suggesting some improvements in debt management. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the significant equity decline warrants closer attention. No auditor is mentioned, consistent with its status as a small, exempt company.

The company’s focus on aircraft maintenance, while specialized, appears to be facing financial headwinds. Whether it can maintain its position within the Swift Technology Group remains to be seen.

Registered in England/Wales under the registration number 06868226, with a registered address at NR10 5FB, England, Norwich, Norfolk, Hanger 2 Scottow Enterprise Park, Lamas Road, Badersfield.

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