Swip Ltd

Swip Ltd, based in Lichfield, UK, is a large company with an active status, founded seven years ago. Employing 13 people, it boasts significant assets (£15.18 million) and impressive yearly revenue (£39.86 million). Despite its size, Swip Ltd operates from a virtual address, a detail flagged by the presence of 138 other companies registered at the same location. It's led by four directors and has two owners, and enjoys a stellar 5.0 Google rating based on 42 reviews. The company irregularly exports ceramic products, with its last export operation occurring one month ago.

Swip Ltd specializes in insulation systems, acting as both a designer and distributor. Its website highlights a focus on specialist insulation solutions, including room-in-roof, loft storage, internal wall, and underfloor insulation. The company offers a range of tools, calculators, training resources, and warranty forms to support its customers. It also provides technical support and keeps customers updated with news and updates. The website clearly positions Swip Ltd as a provider of innovative insulation solutions, catering to both residential and commercial needs.

Financially, Swip Ltd presents a mixed picture. While revenue has increased significantly, there are concerning trends. Accrued liabilities decreased by 38%, which could indicate tighter financial management, but the company's cash bank on hand also fell by 35% to £3.2 million. Administrative expenses, however, have dramatically increased by 230%, which might be a result of expansion or increased operational costs. Director remuneration surged by 500%, to £4.8 million, a notable change. The company’s net assets have also increased by 70%, to £7 million. Despite these shifts, Swip Ltd’s turnover has doubled to £40 million, suggesting strong demand for its products. The company’s auditor, Tomkinson Teal (Lichfield) LLP, has given the financial statements a clean opinion.

Overall, Swip Ltd appears to be a successful company experiencing rapid growth. The increase in administrative expenses and director remuneration warrants close monitoring, but the strong revenue and positive customer feedback suggest a solid foundation for future success.

Registered in England/Wales under the registration number 10831534, with a registered address at WS13 6QD, England, Lichfield, Staffordshire, Hanover Court, 5 Queen Street.

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