SWIFT TECHNICAL (EUROPE) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-15 (in 6mo)
Last made up 2025-11-01
Watchouts
None on the register
Cash
£139K
-44.4% vs 2023
Net assets
£18M
+1% vs 2023
Employees
11
0% vs 2023
Profit before tax
£454K
+160.9% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £9,661,000 | £8,572,000 | |
| Operating profit | -£746,000 | £460,000 | |
| Profit before tax | -£746,000 | £454,000 | |
| Net profit | -£1,042,000 | £181,000 | |
| Cash | £250,000 | £139,000 | |
| Total assets less current liabilities | £17,584,000 | £17,765,000 | |
| Net assets | £17,584,000 | £17,765,000 | |
| Equity | £17,584,000 | £17,765,000 | |
| Average employees | 11 | 11 | |
| Wages | £130,000 | £80,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -7.7% | 5.4% | |
| Net margin | -10.8% | 2.1% | |
| Return on capital employed | -4.2% | 2.6% | |
| Gearing (liabilities / total assets) | 25.8% | 67.0% | |
| Current ratio | 3.87x | 1.49x | |
| Interest cover | — | 76.67x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the grounds of recoverable net assets review the Directors have concluded that it is appropriate for the financial statements to be prepared on a going concern basis.”
Group structure
- SWIFT TECHNICAL (EUROPE) LIMITED · parent
- Swift Technical (Korea) Yuhan Hoesa 100%
Significant events
- “During the year, market uncertainty has increased mainly due to the ongoing conflict in Ukraine and increasing interest rates due to high inflation. Monetary policy, supply chain issues, energy and workforce shortages and shifting demands are all factors contributing to inflation.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARAKE, Imad | Director | 2022-10-17 | Jan 1972 | American |
| DENHAM, Peter Douglas | Director | 2024-12-12 | Mar 1980 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAILEY, Stephen Arnott | Secretary | 2006-06-28 | 2007-05-11 |
| JACOBS, Paul | Secretary | 2007-05-11 | 2010-09-14 |
| SWIFT, Patrick | Secretary | 2003-03-14 | 2006-06-28 |
| TUPMAN, Robert | Secretary | 2003-01-20 | 2003-03-14 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 2003-01-20 | 2003-01-20 |
| ALLEN, James Roland Thomas | Director | 2019-08-22 | 2024-12-12 |
| ALLEN, James Roland Thomas | Director | 2012-05-02 | 2016-02-10 |
| BRIANT, Timothy | Director | 2018-01-18 | 2019-08-22 |
| CANTLEY, Stewart | Director | 2006-12-14 | 2010-09-28 |
| DYMOTT, James Graham | Director | 2011-06-16 | 2018-01-18 |
| GARRARD, Ford David | Director | 2016-02-10 | 2021-06-18 |
| JACOBS, Paul | Director | 2007-05-11 | 2010-09-28 |
| LØNNING, Asbjørn | Director | 2022-02-24 | 2022-10-17 |
| MARX, Janette Bates | Director | 2015-08-17 | 2025-03-21 |
| MCCLURE, Kyle Francis | Director | 2019-08-22 | 2021-12-31 |
| MULCAHY, Richard Joseph | Director | 2003-01-20 | 2006-12-14 |
| PORDAGE, Andrew John | Director | 2010-09-28 | 2011-08-31 |
| READ, Jonathan Hugh Tobias | Director | 2010-09-28 | 2016-02-04 |
| SEARLE, Peter William Courtis | Director | 2016-02-04 | 2020-05-04 |
| SWIFT, Patrick | Director | 2003-02-28 | 2006-06-28 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 2003-01-20 | 2003-01-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Swift Technical Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 132 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-08-29 MA Memorandum articles
- 2021-11-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-06-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-13 | AA | accounts | Accounts with accounts type full | |
| 2024-01-05 | AA | accounts | Accounts with accounts type full | |
| 2023-11-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-08-29 | MA | incorporation | Memorandum articles | |
| 2022-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-06 | AA | accounts | Accounts with accounts type full | |
| 2022-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2021-12-30 | AA | accounts | Accounts with accounts type full | |
| 2021-11-22 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-11.3%
£9,661,000 £8,572,000
-
Cash
-44.4%
£250,000 £139,000
-
Net assets
+1%
£17,584,000 £17,765,000
-
Employees
0%
11 11
-
Operating profit
+161.7%
-£746,000 £460,000
-
Profit before tax
+160.9%
-£746,000 £454,000
-
Wages
-38.5%
£130,000 £80,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers