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SWIFT ELECTRICAL WHOLESALERS (S-O-T) LIMITED
UNIT 10 ELSWICK ROAD, FENTON INDUSTRIAL ESTATE, STOKE-ON-TRENT, ST4 2SHCompany 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-2024Accounts 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 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY 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 - 0 | 0 (0.0%) | |
Active | Matthew James NEVILLE | 24 Nov 2021 | Director | British | 3 - 0 | 0 (0.0%) | |
Active | Bryan Martin GATES | 21 Aug 2019 | Non-Executive Director | British | 1 - 0 | 0 (0.0%) | |
Active | Sharon Louise HONER | 27 Mar 2019 | Milliner | British | 3 - 0 | 0 (0.0%) | |
Active | Christopher David HONER | 27 Mar 2019 | Director | British | 3 - 2 | 0 (0.0%) | |
Resigned | Jonathan Ian LAWSON | 01 Jan 2007 | 23 Nov 2021 | Chartered Accountant | British | 6 - 4 | 4 (40.0%) |
Resigned | Michael John SWIFT | 01 Jan 2003 | 27 Mar 2019 | Journalist | British | 3 - 3 | 2 (33.3%) |
Resigned | Geoffrey TOMKINSON | 01 Jan 2003 | 31 Dec 2004 | Chartered Accountant | British | 0 - 5 | 1 (20.0%) |
Resigned | Irene Mary SWIFT | 02 Dec 2008 | Director | British | 0 - 7 | 4 (57.1%) | |
Resigned | James Andrew SWIFT | 27 Mar 2019 | Director | British | 0 - 6 | 2 (33.3%) | |
Resigned | James Bernard SWIFT | 28 Apr 1995 | Director | British | 0 - 3 | 1 (33.3%) |
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 | ||||
---|---|---|---|---|---|---|
2019-04-25 | 2016-04-25 | 2015-04-25 | 2014-04-25 | 2013-04-25 | ||
HONER HOLDINGS LIMITED | ORDINARY | 20,600 100% | 0 0% | 0 0% | 0 0% | 0 0% |
JAMES ANDREW SWIFT | ORDINARY | 0 0% | 1 50% | 1 50% | 1 50% | 1 50% |
TRUSTEES OF THE MRS IM SWIFT DISCRETIONARY SETTLEMENT | ORDINARY | 0 0% | 1 50% | 1 50% | 0 0% | 0 0% |
ESTATE OF IRENE MARY SWIFT | ORDINARY | 0 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 |