Ultraswift Ltd

Ultraswift Ltd from London UK: a small, active company founded 40 years ago, employs 18 people, and holds £434,118 in assets. Operating from a virtual address, it’s overseen by four directors and a single owner. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent import activity recorded just one month ago.

The company’s website paints a picture of a digital business agency focused on helping African businesses connect, sell, and grow online. They specialize in social commerce, particularly through WhatsApp Commerce, and offer services like digital strategy, design, and development. They even boast partnerships with organizations like Blue Ocean Agility and Professional Agile, suggesting a commitment to continuous improvement and agile methodologies. The site also highlights a diverse range of technology partners, from WordPress and Wix to Google and Mshini Mshini, showcasing a broad technological skillset.

Financially, Ultraswift Ltd presents a mixed bag. While cash reserves remained relatively stable at £320,000, net assets increased by 14% to £2.2 million, suggesting growth. However, bank borrowings have vanished completely, and accrued liabilities have decreased by 24%. Trade debtors have risen significantly by 27%, which could be a sign of increased sales but also potential payment delays. The number of employees has increased by 33%, which is a positive sign, but it also means higher payroll costs. Creditors have decreased by 12%, which is good for managing debt. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the increase in debtors warrants a closer look. As a small company, it's exempt from an audit, so the financial statements are unaudited.

Registered in England/Wales under the registration number 01897445, with a registered address at W11 2SH, England, London, 16 Lambton Place.

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