Swiftee Ltd

Swiftee Ltd from London UK: a small, active company founded ten years ago, employs three people, and holds £167,730 in assets. It’s a real address with two directors and two owners, and enjoys a stellar 5.0 Google rating from 176 reviews. Swiftee is an irregular importer, primarily dealing in leather goods, travel bags, and animal harnesses, with its last import operation occurring over two years ago in September 2021.

The company’s website paints a picture of a modern, on-demand courier service. Swiftee positions itself as “London’s trusted same day courier,” offering instant deliveries for a wide range of industries, including fashion retail, flowers, document courier, keys, pharmacy, health, IT, auto parts, restaurants, and grocery. It boasts a comprehensive range of vehicles, from motorcycles to large vans, catering to packages of varying sizes and weights. The site is heavily geared towards business clients, offering personalized solutions, tracking alerts, and API integrations. It even has a "Join Our Fleet" section, encouraging independent couriers to sign up.

Financially, Swiftee Ltd presents a mixed picture. While current assets have increased by a substantial 59% to £170,000, net assets have dramatically improved, jumping 120% to £9,400. However, bank borrowings have increased significantly, rising 16% to £32,000, and cash reserves have fallen 40% to £50,000. Trade debtors have exploded, increasing by a staggering 430% to £120,000, suggesting potential issues with customer payments. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp increase in debtors and decrease in cash warrants closer attention. No auditor is mentioned, likely due to its status as a small company.

The company’s rapid growth and focus on technology suggest it's burning through cash to expand its operations—a common trait for startups. Whether this investment will pay off and lead to sustained profitability remains to be seen.

Registered in England/Wales under the registration number 09361558, with a registered address at E5 9ND, England, London, 14 Grosvenor Way.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.