Swift Steel Services Limited
02500171
Some Concerns
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
28/02/2025
audited abridged
Next accounts due
30/11/2026
Confirmation statement
Last: 16/11/2025
Due 30/11/2026
Industry
Officers
Former
director · Resigned 18/05/1995
secretary · Resigned 20/09/1995
director · Resigned 03/02/1997
director · Resigned 09/08/2004
director · Resigned 23/12/2010
director · Resigned 31/07/2013
secretary · Resigned 31/07/2013
director · Resigned 09/11/2017
secretary · Resigned 09/11/2017
director · Resigned 09/03/2021
secretary · Resigned 09/03/2021
director · Resigned 28/10/2021
director · Resigned 28/10/2021
director · Resigned 27/09/2024
Persons with Significant Control
Mr Maurice Elliot Sherling
Irish · Israel · Age 77
Unit 9, Leeway Industrial Estate, Newport, NP19 4SL
Notified 06/04/2016
Charges1 outstanding
ULTIMATE FINANCE LIMITED
CLOSE INVOICE FINANCE LTD
THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED
NATIONAL WESTMINSTER BANK PLC
BARCLAYS BANK PLC
Change History
Active
Private Limited Company
UNIT 9
NEWPORT
CompanyRankvs 358+ SIC 24100 peers20
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we has not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with res
Key FinancialsYear ending 28/02/2025
Net Worth
£100
Balance sheet strength
Cash
—
Cash in the bank
Profit Before Tax
£62k
Bottom line earnings
Net Current Assets
£1.2M
Working capital
Current Assets
£1.6M
Current Liabilities
—
Fixed Assets
£5k
Debtors
£99k
Gross Profit
£645k
Admin Expenses
£574k
Operating Profit
£71k
Profit After Tax
£49k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | — | +£162k |
| 2022 | — | +£204k |
| 2021 | 2.11 | +£126k |
| 2020 | 1.90 | +£55k |
| 2019 | 1.83 | — |
Derived from filed accounts. Not audited figures.