Zwings Ltd.

Zwings Ltd from Milton Keynes UK: a small, active company founded five years ago, employs thirteen people, and holds £5,022 in assets. It operates from a virtual address, managed by two directors and a single owner. The company regularly imports vehicles, parts, and accessories—a consistent activity over the last three months—while occasionally exporting miscellaneous metal items, with just one month of export activity recorded.

Zwings Ltd’s business revolves around the sale of other motor vehicles and the renting and leasing of recreational and sports goods. It’s a small entity, meeting two of the three conditions for classification (turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees). The company's website, while not detailed, points to a focus on these core areas.

However, the financial picture reveals some concerning trends. Current assets have plummeted by a significant 85%, dropping to just £5,000—a substantial decrease. Bank borrowings have increased dramatically, surging by 1,000% to £58,000, while cash reserves have also fallen sharply. Creditors have also risen considerably, increasing by 59%, suggesting a growing reliance on external financing. Equity has suffered a 15% decrease, further indicating financial pressure. It’s worth noting that the company’s financial statements are unaudited, and the lack of an auditor mentioned is likely due to its small size.

Despite these challenges, the company’s focus on importing vehicles and accessories, alongside its niche in recreational goods, could provide a foundation for future growth. The company’s small size allows for agility, but the recent financial trends suggest a need for careful management to avoid burning through cash.

Registered in England/Wales under the registration number 12044821, with a registered address at MK11 1BN, England, Milton Keynes, Buckinghamshire, The Stable Yard Vicarage Road, Stony Stratford.

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