Swiftnet Limited in London, NW11 8RQ

Description

Data updated on: 01-11-2023

The company is widely known as Swiftnet Limited. This company was originally established 34 years ago and was registered with 02469394 as its registration number. The headquarters of this company is located in London. You can reach them at Olympia House, Armitage Road. This firm's Standard Industrial Classification Code is 61900 and has the NACE code: Other telecommunications activities. December 31, 2022 is the last time when the company accounts were filed.

With five recruitment offers since 2016-01-20, Swiftnet has been a rather active employer on the employment market. On 2017-12-18, it started employing new employees for a Noc Engineer position in North West London, and on 2016-01-20, for the vacant position of a Purchase/Sales Ledger clerk in North West London. They hire employees on such positions as: Finance Assistant and Network Operator/Engineer.

With regards to the following business, just about all of director's responsibilities have so far been executed by Abraham K. who was assigned this position on 1991-12-31. That business had been guided by John B. till 2010-08-01. In addition a different director, namely Guy N. gave up the position in 2010. Furthermore, the director's responsibilities are constantly supported by a secretary - Mark C., who was officially appointed by the following business on 2007-06-05.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	1 144 080	944 406	740 574	568 977	417 238	616 626
Current Assets	4 777 001	4 844 659	4 683 308	4 492 665	4 359 645	4 584 386
Debtors	3 632 921	3 900 253	3 942 734	3 923 688	3 942 407	3 967 760
Net Assets Liabilities	1 989 933	2 008 197	1 905 516	1 830 812	1 931 546	1 955 236
Other Debtors	1 242 120	1 297 786	1 212 589	1 051 547	1 061 337	1 068 014
Property Plant Equipment	4 527	1 012

Other Financial Data
Accumulated Amortisation Impairment Intangible Assets	439 736	533 148	626 559	626 559
Accumulated Depreciation Impairment Property Plant Equipment	39 552	43 067	44 079	21 750
Amounts Owed By Group Undertakings Participating Interests	2 084 785	2 317 062	2 435 845	2 598 733	2 662 968	2 663 365
Amounts Owed To Group Undertakings Participating Interests	3 078 519	2 915 271	2 780 453	2 642 208	2 237 183	2 079 177
Amounts Owed To Other Related Parties Other Than Directors			8 346
Average Number Employees During Period	13	9	6	5	5	5
Corporation Tax Payable	40 326	34 334	2 002		7 124	13 277
Creditors	3 819 968	3 764 935	3 611 842	3 495 903	3 262 149	3 463 200
Depreciation Rate Used For Property Plant Equipment		10	10	10	10
Fixed Assets	1 025 400	928 473	834 050
Future Minimum Lease Payments Under Non-cancellable Operating Leases	295 320	192 312	181 800	145 440	133 320	96 960
Increase From Amortisation Charge For Year Intangible Assets		93 412	93 411
Increase From Depreciation Charge For Year Property Plant Equipment		3 515	1 012
Intangible Assets	186 823	93 411
Intangible Assets Gross Cost		626 559	626 559	626 559
Investments	834 050	834 050	834 050	834 050	834 050	834 050
Investments Fixed Assets	834 050	834 050	834 050	834 050	834 050	834 050
Net Current Assets Liabilities	957 033	1 079 724	1 071 466	996 762	1 097 496	1 121 186
Other Creditors	387 612	559 671	617 800	637 951	565 314	911 978
Other Investments Other Than Loans	834 050	834 050	834 050	834 050	834 050	834 050
Other Taxation Social Security Payable	14 096	8 851	8 695	8 325	6 910	8 754
Property Plant Equipment Gross Cost		44 079	44 079	21 750
Taxation Including Deferred Taxation Balance Sheet Subtotal	-7 500
Total Assets Less Current Liabilities	1 982 433	2 008 197	1 905 516	1 830 812	1 931 546	1 955 236
Trade Creditors Trade Payables	299 415	246 808	202 892	207 419	445 618	450 014
Trade Debtors Trade Receivables	306 016	285 405	294 300	273 408	218 102	236 381