Swig Finance Limited
02688108
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Last accounts
31/03/2025
group
Next accounts due
31/12/2026
Confirmation statement
Last: 17/02/2026
Due 03/03/2027
Industry
Officers
director · Since 11/11/2020
CHARTERED ACCOUNTANT
BRITISH · ENGLAND · Age 50
Also on 1 other board
director · Since 09/12/2020
DIRECTOR
BRITISH · ENGLAND · Age 66
Also on 1 other board
Persons with Significant Control
South West Investment Group Ltd
Lowena House, Truro Business Park, Truro, TR4 9NY
Notified 06/04/2016
Charges4 outstanding
COMMUNITY INVESTMENT FACILITY 2 LIMITED
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TRIODOS BANK UK LIMITED
CompanyRankvs 13+ SIC 64999 peers70
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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
not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect
Key FinancialsYear ending 31/03/2025
Turnover
£2.2M
Annual revenue
Net Worth
£3.5M
Balance sheet strength
Cash
£4.0M
Cash in the bank
Profit Before Tax
-£73k
Bottom line earnings
Net Current Assets
£10.0M
Working capital
Current Assets
£12.6M
Current Liabilities
£2.6M
Fixed Assets
£76k
Debtors
£338k
Cost of Sales
£758k
Gross Profit
£1.5M
Admin Expenses
£865k
Operating Profit
£710k
Profit After Tax
-£59k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 4.80 | +£509k |
| 2024 | 4.68 | +£370k |
| 2023 | 9.31 | +£77k |
| 2022 | 92.65 | +£84k |
| 2021 | 62.65 | — |
Derived from filed accounts. Not audited figures.