SWAPFIETS LIMITED Financials
- Company number
- 12698720CopyCopy
- Registered office
- 58 Commercial Street, London E1 6LT
- Incorporated
- 26/06/2020
Company snapshot
- Status
- Active
- Employees
- 19 (2023)
- Latest financial data
- 2023
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
866.29%vs 20222022: £-6.26K
Total Assets
-8.12%vs 20222022: £1.26M
Cash in Bank
-5.30%vs 20222022: £564.83K
Total Liabilities
-9.83%vs 20222022: £1.03M
Employees
+1vs 20222022: 18
In 2023, SWAPFIETS LIMITED reported net assets of £47.94K. The same filing shows total assets of £1.15M, cash in bank of £534.89K and total liabilities of £930.76K. Reported headcount was 19 in 2023. Total Assets fell from £1.26M in 2022 to £1.15M in 2023 (-8.12%). Okredo holds filed figures for 2021–2023; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
866.29%from £-6.26K in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures SWAPFIETS LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
Increasedvs 2021Cash in Bank
+85.7%vs 2021+36.3% a year compound (CAGR)
Total Assets
+53.6%vs 2021+23.9% a year compound (CAGR)
Total Liabilities
+54.9%vs 2021+24.5% a year compound (CAGR)
Employees
+111%vs 2021+10Biggest increase
Employees+111%
9 in 2021 to 19 in 2023
Every indicator Okredo holds for SWAPFIETS LIMITED rose between 2021 and 2023. The steepest rise came in employee numbers, pointing to an expanding team, with net assets, cash in bank, total assets and total liabilities climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SWAPFIETS LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 4.15%2023
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 80.62%2023
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 57.47%2023
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 46.33%2023
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for SWAPFIETS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | -6.26K | -6.26K | 47.94K |
| Total Assets£ | 751.75K | 1.26M | 1.15M |
| Cash in Bank£ | 288.08K | 564.83K | 534.89K |
| Total Liabilities£ | 600.70K | 1.03M | 930.76K |
| Employees | 9 | 18 | 19 |
SWAPFIETS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SWAPFIETS LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
SWAPFIETS LIMITED reported net assets of £47.94K for 2023. That compares with £-6.26K in 2022, a change of 866.29%.
SWAPFIETS LIMITED reported total assets of £1.15M for 2023. That compares with £1.26M in 2022, a change of -8.12%.
SWAPFIETS LIMITED reported cash in bank of £534.89K for 2023. That compares with £564.83K in 2022, a change of -5.30%.
SWAPFIETS LIMITED reported 19 employees in 2023, compared with 18 in 2022.
Between 2021 and 2023, SWAPFIETS LIMITED's cash in bank rose by 85.7%, total assets rose by 53.6%, total liabilities rose by 54.9% and employee numbers rose by 111%. Cash in bank compounded at 36.3% a year across the two years to 2023, from £288.08K to £534.89K. Reported headcount went from 9 in 2021 to 19 in 2023 (+10).
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.