Swift Aerospace Services Limited in Welwyn Garden City, AL7 1LT

Description

Data updated on: 01-11-2023

Swift Aerospace Services is a business situated at AL7 1LT Welwyn Garden City at Unit B City Park. This enterprise has been registered in year 1992 and is established under the registration number 02724904. This enterprise has been present on the British market for thirty two years now and company last known status is active. This business's declared SIC number is 46760 and has the NACE code: Wholesale of other intermediate products. The firm's most recent financial reports were submitted for the period up to 2022-06-30 and the latest confirmation statement was filed on 2023-06-23.

Because of this particular company's growing number of employees, it became unavoidable to appoint extra directors: Benedict S. and Rupert G. who have been supporting each other since Tue, 24th Mar 2015 to promote the success of the following firm. In order to help the directors in their tasks, this specific firm has been utilizing the expertise of Rupert G. as a secretary since 2004.

Rupert G. is the individual with significant control over this firm, owns over 3/4 of company shares.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-06-30	2017-06-30	2018-06-30	2019-06-30	2020-06-30	2021-06-30	2022-06-30	2023-06-30
Currency

Balance Sheet
Cash Bank On Hand	805 599	213 982	582 425	185 012	56 503	24 817	384 394	2
Current Assets	7 043 153	8 029 882	7 695 118	8 474 038	8 411 147	8 147 632	7 973 998	8 445 179
Debtors	2 123 632	2 739 335	2 507 512	3 521 266	3 510 806	3 110 143	3 135 066	4 104 815
Net Assets Liabilities	2 678 476	3 324 698	359 825	4 020 375	4 521 910	4 836 536	5 643 451	6 030 821
Other Debtors		57 437	58 371		524 837	83 183	86 243	175 242
Property Plant Equipment	35 330	23 016	11 776	8 435		99 941	58 488
Total Inventories	4 113 922	5 076 565	4 605 181	4 767 760	4 843 838	5 012 672	4 454 538	4 340 362

Other Financial Data
Amount Specific Advance Or Credit Directors	220 382	49 182	35 000	35 000	55 000	65 000		225 000
Amount Specific Advance Or Credit Made In Period Directors	87 000				10 000	10 000	65 000	25 000
Amount Specific Advance Or Credit Repaid In Period Directors	54 000	171 200	14 182		30 000	20 000		250 000
Company Contributions To Money Purchase Plans Directors			6 773	6 485	6 803
Director Remuneration			111 232	116 431	94 078
Accrued Liabilities			318 408	338 060	286 365
Accumulated Depreciation Impairment Property Plant Equipment	397 368	391 362	402 602	412 343		470 788	474 343	503 142
Administrative Expenses			2 301 564	2 152 625
Amounts Owed By Group Undertakings			39 474	795 952	1 330 728	1 418 636	1 823 932	2 590 825
Average Number Employees During Period	29	32	35	42	42	29	27	25
Bank Borrowings Overdrafts		975 693	797 583	1 363 555	1 528 347	1 469 019	333 647	507 026
Bank Overdrafts		975 693	797 583	1 363 555	1 528 347	1 469 019	333 647	507 026
Cash Cash Equivalents Cash Flow Value			-215 158	-1 178 543
Comprehensive Income Expense			359 825	335 852	531 535
Corporation Tax Payable			70 621	79 710	155 173
Cost Sales			7 531 285	7 666 322
Creditors	208 382	4 747 201	-696 570	4 490 358	71 428	36 984	2 403 198	2 465 125
Current Tax For Period			-9 322	88 341	102 987
Depreciation Amortisation Expense			11 239	9 740
Depreciation Expense Property Plant Equipment			11 240	14 580	17 740
Disposals Decrease In Depreciation Impairment Property Plant Equipment		23 330					46 872	20 550
Disposals Property Plant Equipment		23 330					46 872	20 550
Finance Lease Liabilities Present Value Total					71 428	36 984	36 996
Fixed Assets	35 331	42 017	40 036	36 695	160 571	128 201	86 748	57 696
Further Item Interest Expense Component Total Interest Expense			16 118	56 225	31 471
Further Operating Expense Item Component Total Operating Expenses			17 527	10 161	10 680
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss			17 996	-7 774	-5 445
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables			-442 453	-33 171
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables			231 823	-1 013 753
Gross Profit Loss			2 712 219	2 664 167
Income Taxes Paid Refund Classified As Operating Activities			-168 603	-70 621
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation			546 551	-963 385
Increase Decrease In Stocks Inventories Finished Goods Work In Progress			-471 384	162 579
Increase From Depreciation Charge For Year Property Plant Equipment		17 324	11 240	9 741			50 427	49 349
Interest Expense On Bank Overdrafts			37 201	39 755	45 468
Interest Paid Classified As Operating Activities			-53 319	-95 980
Interest Payable Similar Charges Finance Costs			53 319	95 980	77 416
Investments Fixed Assets	1	19 001	28 260	28 260	28 260	28 260	28 260	28 260
Investments In Group Undertakings		19 001	28 260	28 260	28 260	28 260	28 260	28 260
Merchandise			4 605 181	4 767 760	4 843 838
Net Cash Flows From Used In Financing Activities			14 182
Net Cash Flows From Used In Investing Activities			9 259	6 400
Net Cash Flows From Used In Operating Activities			-569 992	956 985
Net Cash Generated From Operations			-682 648	688 221
Net Current Assets Liabilities	2 851 527	3 282 681	3 644 487	3 983 680	4 432 767	4 745 319	5 570 800	5 980 054
Number Shares Issued Fully Paid				10 000	10 000
Operating Profit Loss			410 655	511 542
Other Creditors		2 380 777	1 848 657		342 824	875 658	937 324	777 558
Other Taxation Social Security Payable		367 512	31 754	32 760	27 763	195 345	286 993	200 330
Par Value Share				1
Pension Other Post-employment Benefit Costs Other Pension Costs			38 810	40 918	36 400
Prepayments			58 371	66 383	83 128
Profit Loss			359 825	238 543	531 535
Profit Loss On Ordinary Activities Before Tax			357 336	415 562
Property Plant Equipment Gross Cost	432 698	414 378	414 378	420 778		570 729	532 831	279 593
Provisions For Liabilities Balance Sheet Subtotal							14 097	6 929
Purchase Property Plant Equipment				-6 400
Recoverable Value-added Tax				12 404	122 774
Social Security Costs			124 110	133 922	116 996
Staff Costs Employee Benefits Expense			1 482 181	1 537 613	1 433 873
Tax Tax Credit On Profit Or Loss On Ordinary Activities			-2 489	88 341	102 987
Total Additions Including From Business Combinations Property Plant Equipment		5 010		6 400			8 974	3 613
Total Assets Less Current Liabilities	2 886 858	3 324 698	3 684 523	4 020 375	4 593 338	4 873 520	5 657 548	6 037 750
Trade Creditors Trade Payables		1 023 219	1 237 957	1 248 187	1 888 184	826 452	808 238	980 211
Trade Debtors Trade Receivables		2 681 898	2 409 667	2 646 527	1 655 241	1 608 324	1 224 891	1 338 748
Turnover Revenue			10 243 504	10 330 489
Wages Salaries			1 319 261	1 362 773	1 280 477
Dividends Paid					30 000
Dividends Paid On Shares Interim					30 000
Finance Lease Payments Owing Minimum Gross					37 894
Future Finance Charges On Finance Leases					5 416
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts					477
Net Assets Liabilities Subsidiaries				96 193	171 692
Percentage Class Share Held In Subsidiary					100
Profit Loss Subsidiaries				-62 250	-75 499

Company staff

Benedict S.

Role: Director

Appointed: 24 March 2015

Latest update: 4 April 2024

Rupert G.

Role: Secretary

Appointed: 07 April 2004

Latest update: 4 April 2024

Rupert G.

Role: Director

Appointed: 17 July 1993

Latest update: 4 April 2024

Alfred S.

Role: Director

Appointed: 19 November 1998

Resigned: 07 April 2009

Latest update: 4 April 2024

James W.

Role: Secretary

Appointed: 23 February 1998

Resigned: 07 April 2004

Latest update: 4 April 2024

Norman G.

Role: Director

Appointed: 23 June 1992

Resigned: 27 August 1998

Latest update: 4 April 2024

Vera G.

Role: Director

Appointed: 23 June 1992

Resigned: 17 July 1993

Latest update: 4 April 2024

Norman G.

Role: Secretary

Appointed: 23 June 1992

Resigned: 23 February 1998

Latest update: 4 April 2024

People with significant control

Rupert G.

Notified on 6 April 2016

Nature of control:

over 3/4 of shares

Accounts Documents

Account next due date	31 March 2024
Account last made up date	30 June 2022
Confirmation statement next due date	07 July 2024
Confirmation statement last made up date	23 June 2023

Annual Accounts
Start Date For Period Covered By Report	01 July 2016
End Date For Period Covered By Report	30 June 2017
Annual Accounts
Start Date For Period Covered By Report	01 July 2017
End Date For Period Covered By Report	30 June 2018
Annual Accounts
Start Date For Period Covered By Report	01 July 2018
End Date For Period Covered By Report	30 June 2019
Annual Accounts
Start Date For Period Covered By Report	01 July 2019
End Date For Period Covered By Report	30 June 2020
Annual Accounts
Start Date For Period Covered By Report	01 July 2020
End Date For Period Covered By Report	30 June 2021
Annual Accounts
Start Date For Period Covered By Report	01 July 2021
End Date For Period Covered By Report	30 June 2022
Annual Accounts
Start Date For Period Covered By Report	01 July 2022
End Date For Period Covered By Report	30 June 2023

Swift Aerospace Services Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Benedict S.

Rupert G.

Rupert G.

Alfred S.

James W.

Norman G.

Vera G.

Norman G.

People with significant control

Rupert G.

Accounts Documents

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