Swwn Limited

Swwn Ltd, based in Belfast, UK, is a small, active company founded nine years ago. While currently overdue on its confirmation statement by six months, it holds £222,881 in assets and operates from a virtual address, registered with eleven other companies. The company has two directors and two owners, though the owner list may not be exhaustive. It functions as an irregular importer of man-made filaments and related materials, with just one month of import activity recorded, and a regular exporter of clothing and accessories (not knitted or crocheted), with 27 months of export activity.

The company’s website, Swan Group, focuses on the development and management of affordable and private real estate within the UK. Headquartered in Glasgow, it partners with industry professionals and financial institutions to deliver high-quality housing. Swan Group’s focus is on sourcing land, managing the development process, and meeting the needs of local communities and government. The website showcases completed and ongoing projects, including developments in Glasgow and Ayr, and highlights its commitment to transforming plans into housing. It also has offices in London.

Financially, Swwn Ltd presents a mixed picture. Accumulated depreciation impairment for property, plant, and equipment increased by 39%, while the average number of employees plummeted 100% to zero. Bank borrowings rose by 16%, and cash reserves dropped dramatically by 99% to just £520. Corporation tax payable increased by 67%, and creditors decreased by 7.1%. Despite these challenges, the company’s small size (meeting two of three conditions for a small company) allows for agility. The decrease in equity, however, is concerning. The lack of a named auditor suggests the company is exempt from an audit, relying on unaudited financial statements.

Overall, Swwn Ltd appears to be facing financial pressures, with a significant decrease in cash reserves and equity. While its real estate focus and partnerships suggest potential for growth, the company needs to address its financial stability to ensure long-term sustainability.

Registered in Northern Ireland under the registration number NI637668, with a registered address at BT1 3LP, Northern Ireland, Belfast, 6th Floor East Tower Lanyon Plaza, 8 Lanyon Place.

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