Swift Formations Limited
04733579
Healthy
- Negative net worth (-10)
Details
Compliance
Last accounts
31/05/2025
micro entity
Next accounts due
28/02/2027
Confirmation statement
Last: 09/06/2025
Due 23/06/2026
Industry
Officers
Former
secretary · Resigned 20/03/2012
Persons with Significant Control
Mr Nikolas Makinde
British · England · Age 58
Suite 34, Cariocca Business Park, Manchester, M40 8BB
Notified 14/04/2017
Change History
Active
Private Limited Company
SUITE 22 CARIOCCA BUSINESS PARK
MANCHESTER
CompanyRankvs 6377+ SIC 82110 peers41
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/05/2025
Net Worth
-£2k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
—
Working capital
Current Assets
£881
Current Liabilities
£14k
Fixed Assets
£10k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.06 | +£0 |
| 2025 | 0.06 | +£354 |
| 2024 | 0.20 | -£627 |
| 2023 | 0.17 | -£7k |
| 2022 | 0.15 | -£7k |
| 2021 | 0.23 | -£4k |
| 2020 | 0.07 | -£3k |
| 2019 | 0.35 | -£1k |
| 2018 | 0.33 | — |
Derived from filed accounts. Not audited figures.