Swon Ltd

Swon Ltd is a small, active company based in Cheltenham, UK, founded three years ago. It’s a solo venture, run by a single director and owner, with one employee and £7,773 in assets. The company operates in the retail sale via stalls and markets of textiles, clothing and footwear, as well as through mail order and internet sales. Its website showcases a diverse range of architectural and design services, including affordable housing projects, renovations, and master planning—a bit different than the textiles and clothing it officially sells.

The company’s online presence highlights a focus on Southwestern Ontario design consulting, with offices in Toronto and Seoul. It seems to be a busy operation, with a lot of projects listed, from Indigenous housing partnerships to warehouse developments. The website is well-designed and gives a sense of a creative, collaborative firm.

Financially, Swon Ltd’s numbers paint a mixed picture. Current assets have increased by 95% to £7,800, which is good news, but net losses have deepened considerably, rising by 410% to -£2,700. Bank borrowings have also increased, and cash reserves have fallen by 22% to £3,100. Creditors have risen by a substantial 140%, suggesting a reliance on short-term financing. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the increased losses are a cause for concern. The accounts are unaudited, and there’s no mention of an auditor.

It’s clear that Swon Ltd is a busy company, but it's also facing financial pressures. The shift towards design consulting, as showcased on its website, may be an attempt to diversify revenue streams and move away from the textile and clothing retail business. Whether this strategy will prove successful remains to be seen, but for now, Swon Ltd is navigating a challenging economic environment.

Registered in England/Wales under the registration number 13797404, with a registered address at GL54 5HD, England, Cheltenham, Vicarage Farm Cottage, Stanley Pontlarge.

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