Swiftheat Ltd

Swiftheat Ltd, based in Dunfermline, UK, is a small, active company founded five years ago. Employing seventeen people and holding £499,792 in assets, it operates from a real address and is overseen by two directors and owners. Google users have given it a perfect 5.0 rating based on one review. The company specializes in the treatment and coating of metals, and is an irregular importer of electrical machinery and equipment, with its last import activity recorded one month ago in 2022.

The company’s website details its services as an on-site pre-heat and post-weld heat treatment specialist, emphasizing safety, productivity, and cost-effectiveness. With over 55 years of combined experience among its management team, Swiftheat Ltd boasts a skilled workforce and a Quality Management System consistent with ISO 9001:2015. The website also includes contact information, office hours, and a privacy policy.

Financially, Swiftheat Ltd presents a mixed picture. While current assets increased by 15% to £500,000, net assets surprisingly plummeted 100% to just £140—a significant shift. Bank borrowings decreased by 7.6% to £30,000, and cash reserves fell dramatically by 80% to £11,000. Debtors, however, rose sharply by 29%, which could indicate increased sales or extended credit terms. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the sharp decline in equity raises concerns. No auditor is mentioned, which is typical for small companies.

The company's net current assets liabilities increased by 170%, which is a concerning trend. It’s also worth noting that the company's other creditors increased by 740%, which could be a sign of increased expenses. Overall, Swiftheat Ltd appears to be facing some financial pressures, despite its strong reputation for quality and experience.

Registered in Scotland under the registration number SC633445, with a registered address at KY11 2UG, Scotland, Dunfermline, 78 Forker Avenue, Rosyth.

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