SWIFT IT COMPUTER SERVICES LTD Financials
- Company number
- 06998652CopyCopy
- Registered office
- 13 Shenley Pavilions Chalkdell Drive, Shenley Wood, Milton Keynes MK5 6LB
- Incorporated
- 24/08/2009
Company snapshot
- Status
- Active
- Employees
- 12 (2024)
- Latest financial data
- 2024
- Accounts type
- Unaudited abridged
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-90.30%vs 20232023: £682.01K
Total Assets
-56.43%vs 20232023: £1.11M
Cash in Bank
-52.33%vs 20232023: £378.93K
Total Liabilities
-2.54%vs 20232023: £428.62K
Employees
+2vs 20232023: 10
In 2024, SWIFT IT COMPUTER SERVICES LTD reported net assets of £66.13K. The same filing shows total assets of £483.89K, cash in bank of £180.64K and total liabilities of £417.75K. Reported headcount was 12 in 2024. Total Assets fell from £1.11M in 2023 to £483.89K in 2024 (-56.43%). Okredo holds filed figures for 2021–2024; 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
-90.30%from £682.01K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures SWIFT IT COMPUTER SERVICES LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-88.8%vs 2022-66.5% a year compound (CAGR)
Cash in Bank
-74.6%vs 2022-49.6% a year compound (CAGR)
Total Assets
-44.2%vs 2022-25.3% a year compound (CAGR)
Total Liabilities
+50.5%vs 2022+22.7% a year compound (CAGR)
Employees
0%vs 2022Biggest increase
Total Liabilities+50.5%
£277.67K in 2022 to £417.75K in 2024
Biggest decrease
Net Assets-88.8%
£589.18K in 2022 to £66.13K in 2024
SWIFT IT COMPUTER SERVICES LTD's filings pull in both directions between 2022 and 2024. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SWIFT IT COMPUTER SERVICES LTD'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
- 13.67%2024
- 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
- 86.33%2024
- 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
- 43.24%2024
- 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
- 37.33%2024
- 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 SWIFT IT COMPUTER SERVICES LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 470.06K | 589.18K | 682.01K | 66.13K |
| Total Assets£ | 905.05K | 866.84K | 1.11M | 483.89K |
| Cash in Bank£ | 540.15K | 709.98K | 378.93K | 180.64K |
| Total Liabilities£ | 434.99K | 277.67K | 428.62K | 417.75K |
| Employees | 12 | 12 | 10 | 12 |
SWIFT IT COMPUTER SERVICES LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SWIFT IT COMPUTER SERVICES LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
SWIFT IT COMPUTER SERVICES LTD reported net assets of £66.13K for 2024. That compares with £682.01K in 2023, a change of -90.30%.
SWIFT IT COMPUTER SERVICES LTD reported total assets of £483.89K for 2024. That compares with £1.11M in 2023, a change of -56.43%.
SWIFT IT COMPUTER SERVICES LTD reported cash in bank of £180.64K for 2024. That compares with £378.93K in 2023, a change of -52.33%.
SWIFT IT COMPUTER SERVICES LTD reported 12 employees in 2024, compared with 10 in 2023.
Between 2022 and 2024, SWIFT IT COMPUTER SERVICES LTD's net assets fell by 88.8%, cash in bank fell by 74.6%, total assets fell by 44.2% and total liabilities rose by 50.5%. Net assets contracted at 66.5% a year across the two years to 2024, from £589.18K to £66.13K. Reported headcount went from 12 in 2022 to 12 in 2024.
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.