Swip Ltd
Registered name: SWIP LTD
Swip Ltd made £38.5m revenue and £3.5m profit in the year to 30 Jun 2025. read from filing text
Swip Ltd’s revenue fell 3% to £38.5m in the year to 30 Jun 2025, with £3.5m profit and 51 employees. The company is classified under “other specialised construction activities” and is based in Lichfield; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Lichfield, West Midlands
- Age
- 9 yrs · since 2017
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2022 | 30 Jun 2023 | 30 Jun 2024 | 30 Jun 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | £16.2m | £39.9m | £38.5m |
| Cost of sales | — | £7.8m | £19.3m | £17.4m |
| Gross profit | — | £8.3m | £20.5m | £21.1m |
| Operating profit | — | £3.2m | £3.6m | £4.4m |
| Profit before tax | — | £3.2m | £3.9m | £4.7m |
| Profit after tax | — | £2.6m | £2.8m | £3.5m |
| Profit (best available) | — | £2.6m | £2.8m | £3.5m |
| Staff costs | — | £4.2m | £15.9m | — |
| Employees (average) | 9 | 13 | 18 | 51 |
| Ratios | ||||
| Profit margin | — | 15.8% | 7.1% | 9% |
| Gross margin | — | 51.6% | 51.5% | 54.9% |
| Revenue per employee | — | £1.2m | £2.2m | £755k |
| Profit per employee | — | £197k | £158k | £68.4k |
| Cash conversion | — | −199.5% | −101.5% | — |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲146.5% | ▼3.4% |
| Profit growth | — | — | ▲11.2% | ▲22.6% |
| Headcount growth | — | ▲44.4% | ▲38.5% | ▲183.3% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £2.3m | £5m | £3.2m | £3.9m |
| Net assets | £1.9m | £4.2m | £7m | £10.4m |
| Fixed assets | £266k | £358k | £363k | £360k |
| Current assets | £4.3m | £10.3m | £15.2m | £18.5m |
| Debtors | £1.2m | £2m | £3m | £2.4m |
| Cash from operations | — | −£6.3m | −£3.7m | — |
| Source | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Mar 2024 | FullAccounts · bulk data Feb 2025 | FullAccounts · bulk data Mar 2026 |
How the business works
- Profit margin
- 9%
- Profit ÷ revenue.
- Gross margin
- 54.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £755k
- Revenue ÷ average employees.
- Profit per employee
- £68.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 6.2%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲48%
- Now £10.4m
- Cash at bank
- ▲20%
- Now £3.9m
- Headcount
- ▲183%
- Now 51
- Deferred income
- —
- Now —
- Fixed assets
- ▼1%
- Now £360k
Group structure
Subsidiaries (3)
- CDP Transport Solutions LtdFigures not disclosed
- Green Roof Product Supplies LimitedFigures not disclosed
- PSCM Insulation & Fabrication LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Jun 2025 (profit £3.5m), from the Companies House accounts bulk data published Mar 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.