SWIFT ELECTRICAL WHOLESALERS (S-O-T) LIMITED

UNIT 10 ELSWICK ROAD, FENTON INDUSTRIAL ESTATE, STOKE-ON-TRENT, ST4 2SH

Company Number: 02401639
Incorporation date: 06-Jul-1989
Status: Active
Entity type: Private Limited Company

SIC codes:
46439 Wholesale of radio, television goods & electrical household appliances (other than records, tapes, CD's & video tapes and the equipment used for playing them)





SUMMARY

This company is 34.8 years old and is currently active. It is controlled by multiple entities. The company has negative equity (net assets) of GBP -1.4 million which has worsened since the previous year's figure of GBP -293.8 thousand. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -1.4 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 5 active officers (directors or partners) who are or were officers of 6 other companies. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2022 GBP -1,076,283 28,980 99,396 -1,146,699
31-Dec-2021 GBP -480,710 26,479 75,567 -9,560 -520,238
31-Dec-2019 GBP 19,477,981 -278,487 49,044 61,821 46,654 -244,610
31-Dec-2018 GBP
31-Dec-2017 GBP


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2022 GBP 91,408 4,048,297 5,450,761 145,244 2 -1,440,545 -1,440,543
31-Dec-2021 GBP 6,565 4,223,343 4,461,278 223,489 2 -293,846 -293,844
31-Dec-2019 GBP 4,056 8,127,784 4,088,426 2 4,244,478 4,244,480
31-Dec-2018 GBP 1,101,287 5,912,095 1,846,200 21,788 2 4,365,315 4,365,317
31-Dec-2017 GBP 751,555 5,860,992 2,444,899 105,737 4,158,057 4,158,059

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2018 GBP 100.00% 2 0 2 -862,658
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Resigned Sharon Louise HONER 28 Nov 2022 13 Feb 2023 0 - 1
Resigned Jonathan Ian LAWSON 20 Dec 2004 28 Nov 2022 British 6 - 4
Resigned Geoffrey TOMKINSON 01 Jan 2003 20 Dec 2004 0 - 5
Resigned Irene Mary SWIFT 01 May 1992 01 Jan 2003 0 - 7

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Anthony Paul SANT 18 Oct 2023 Director British 5 - 00 (0.0%)
Active Matthew James NEVILLE 24 Nov 2021 Director British 3 - 00 (0.0%)
Active Bryan Martin GATES 21 Aug 2019 Non-Executive Director British 1 - 00 (0.0%)
Active Sharon Louise HONER 27 Mar 2019 Milliner British 3 - 00 (0.0%)
Active Christopher David HONER 27 Mar 2019 Director British 3 - 20 (0.0%)
Resigned Jonathan Ian LAWSON 01 Jan 2007 23 Nov 2021 Chartered Accountant British 6 - 44 (40.0%)
Resigned Michael John SWIFT 01 Jan 2003 27 Mar 2019 Journalist British 3 - 32 (33.3%)
Resigned Geoffrey TOMKINSON 01 Jan 2003 31 Dec 2004 Chartered Accountant British 0 - 51 (20.0%)
Resigned Irene Mary SWIFT 02 Dec 2008 Director British 0 - 74 (57.1%)
Resigned James Andrew SWIFT 27 Mar 2019 Director British 0 - 62 (33.3%)
Resigned James Bernard SWIFT 28 Apr 1995 Director British 0 - 31 (33.3%)
Number of active directors: 5
Average tenure of active directors: 3.5 years
Average tenure of resigned directors: 5.5 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
SWIFT ELECTRICAL DISTRIBUTORS LIMITED (01397514) - Active
SWIFT ELECTRICAL WHOLESALERS (S-O-T) LIMITED (02401639) - Active
SWEETNAM & BRADLEY LIMITED (06519223) - Active
RETRACE GROUP LIMITED (10085815) - Active
SANT HOLDINGS LIMITED (10638881) - Active
HONER HOLDINGS LIMITED (11836429) - Active
BIG BRAND LOGISTICS LIMITED (14446935) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2019-04-252016-04-252015-04-252014-04-252013-04-25
HONER HOLDINGS LIMITEDORDINARY20,600
100%
0
0%
0
0%
0
0%
0
0%
JAMES ANDREW SWIFTORDINARY0
0%
1
50%
1
50%
1
50%
1
50%
TRUSTEES OF THE MRS IM SWIFT DISCRETIONARY SETTLEMENTORDINARY0
0%
1
50%
1
50%
0
0%
0
0%
ESTATE OF IRENE MARY SWIFTORDINARY0
0%
0
0%
0
0%
1
50%
1
50%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

SWIFT ELECTRICAL WHOLESALERS (S-O-T) LIMITED

Controlled companies below

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 46439 Wholesale of radio, television goods & electrical household appliances (other than records, tapes, CD's & video tapes and the equipment used for playing them))

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
EDMUNDSON ELECTRICAL LIMITED EDMUNDSON HOUSE, TATTON STREET, KNUTSFORD, CHESHIRE, ENGLAND, WA16 6AY 02667012 2017-12-31 1,263,885,000 50,146,000
STEARN ELECTRIC COMPANY LIMITED VOTEC HOUSE, HAMBRIDGE LANE, NEWBURY, BERKSHIRE, RG14 5TN 00201097 2017-12-31 160,639,000 9,397,000
FUJIFILM UK LIMITED FUJIFILM HOUSE, WHITBREAD WAY, BEDFORD, BEDFORDSHIRE, ENGLAND, MK42 0ZE 01264514 2018-03-31 144,504,000 6,988,000 46690-Wholesale of other machinery and equipment
46760-Wholesale of other intermediate products
PROTEC FIRE AND SECURITY GROUP LIMITED PROTEC HOUSE, CHURCHILL WAY, NELSON, LANCASHIRE, BB9 6RT 02039210 2017-08-31 108,334,869 10,864,545
ADI-GARDINER LIMITED UNIT 6 BROADGATE OLDHAM BROADWAY BUSINESS PARK, CHADDERTON, OLDHAM, ENGLAND, OL9 9XA 01322200 2014-12-31 97,530,000 2,262,000
R K WHOLESALE LIMITED SUTTON HOUSE BERRY HILL ROAD, FENTON, STOKE ON TRENT, STAFFORDSHIRE, ST4 2NL 02784084 2017-06-30 81,978,291 0
THE CONAIR GROUP LIMITED MAPLEWOOD CHINEHAM BUSINESS PARK, CROCKFORD LANE, BASINGSTOKE, ENGLAND, RG24 8YB 01134488 2017-12-31 79,220,169 3,423,539
DETA ELECTRICAL COMPANY LIMITED VOTEC HOUSE, HAMBRIDGE LANE, NEWBURY, BERKSHIRE, RG14 5TN 00612799 2017-12-31 60,311,000 4,289,000
POWERFORCE DISTRIBUTION LIMITED SUTTON HOUSE BERRY HILL ROAD, FENTON, STOKE ON TRENT, STAFFORDSHIRE, ST4 2NL 04012032 2017-06-30 57,869,631 0
ERF ELECTRICAL WHOLESALERS LTD. SALOP STREET, DAYBROOK, NOTTINGHAM, NG5 6HD 00911692 2017-12-31 22,786,929 0 46499-Wholesale of household goods (other than musical instruments) not elsewhere classified
D&M AUDIOVISUAL LTD D&M AUDIOVISUAL LTD, DALE ROAD, WORTHING, WEST SUSSEX, UNITED KINGDOM, BN11 2BH 00801901 2018-03-31 18,516,669 0
SWAN PRODUCTS LIMITED SUTTON HOUSE BERRY HILL ROAD, FENTON, STOKE-ON-TRENT, STAFFORDSHIRE, ENGLAND, ST4 2NL 06473372 2017-06-30 15,623,298 0
DIGILAND LIMITED DIGILAND HOUSE UNIT C, STAFFORD PARK 12, TELFORD, SHROPSHIRE, TF3 3BJ 05812731 2018-06-30 13,652,458 0 46499-Wholesale of household goods (other than musical instruments) not elsewhere classified
SPARKWORLD LIMITED 9 BATTLE ROAD, HEATHFIELD INDUSTRIAL ESTATE, NEWTON ABBOT, DEVON, TQ12 6RY 01895421 2018-06-30 6,287,872 0 47540-Retail sale of electrical household appliances in specialised stores
BEST SELLING LIMITED 141 CHEETHAM HILL RD, CHEETHAM HILL ROAD, MANCHESTER, ENGLAND, M8 8LY 02918261 2017-09-30 6,065,349 0
BOXING CLEVER SOLUTIONS LIMITED STERLING HOUSE, FULBOURNE ROAD, WALTHAMSTOW, LONDON, E17 4EE 08272420 2017-10-31 532,922 0 62090-Other information technology service activities
ELECTRICAL ALLIANCE SERVICES LTD 3RD FLOOR, 207 REGENT STREET, LONDON, ENGLAND, W1B 3HH 09746097 2017-08-31 159,240 0
ADAPT GLOBAL LIMITED 59 HIGH STREET, GREAT MISSENDEN, BUCKINGHAMSHIRE, UNITED KINGDOM, HP16 0AL 07686596 2018-03-31 90,555 0
APPLIED KNOWLEDGE AND TECHNOLOGY LIMITED 42 MAGNOLIA DENE, HIGH WYCOMBE, BUCKINGHAMSHIRE, HP15 7QE 07114843 2018-12-31 6,084 0
ATAC LIMITED 27 TAWNY CLOSE, LONDON, W13 9LX 04559636 2018-10-31 602 0 46730-Wholesale of wood, construction materials and sanitary equipment
ABERCORN ELECTRONIC DISTRIBUTION LIMITED PARDOVAN WORKS, PHILIPSTOUN, LINLITHGOW, WEST LOTHIAN, EH49 7TT SC392526 2019-03-31 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
SWIFT ELECTRICAL WHOLESALERS (S-O-T) LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector 1.0% 4.9% 9.1% Medium
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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