Swiftlyrising Ltd

Swiftlyrising Ltd from Mitcham UK: a small, active company founded three years ago, boasts a real address, is led by one director and owner (a solo founder), and enjoys a stellar 5.0 Google rating based on two reviews. The company operates in the retail sale via mail order houses or via internet industries, a sector known for its competitive landscape. It’s a small business, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website, while not fully detailed in this report, suggests a focus on e-commerce. It's likely that Swiftlyrising Ltd operates primarily through an online store, selling goods directly to consumers. Without further information, it’s difficult to determine the specifics of their product range or target market, but the retail sale via mail order and internet industries suggests a broad appeal.

Financially, Swiftlyrising Ltd’s picture is concerning. While it started with £100 in the bank, that’s now gone, leaving a cash balance of zero. Equity has plummeted from -£1 to a staggering -£100 – a significant drop. Borrowings from directors have remained steady at £100, but net assets are now a negative £100. Creditors have also remained unchanged at £100. The company’s small size does offer some flexibility, but the sharp decline in equity and cash reserves suggests it’s burning through money. The fact that the accounts are “filleted” and unaudited, with no mention of an auditor, is typical for small companies, but it does mean the figures are self-reported. It's a bit worrying that the accounts are prepared using Taxfiler software. The company’s description of principal activities is also missing, which is unusual.

Overall, Swiftlyrising Ltd appears to be struggling financially, despite its positive Google rating. It’s a small business facing challenges, and whether it can turn things around remains to be seen.

Registered in England/Wales under the registration number 13541433, with a registered address at CR4 3AG, England, Mitcham, 28 Love Lane.

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