Swifin Platform Ltd
Registered name: SWIFIN PLATFORM LTD
Swifin Platform Ltd made £9.5k revenue and a £10.4k loss in the year to 31 Dec 2023.
Swifin Platform Ltd’s revenue fell 68% to £9.5k in the year to 31 Dec 2023, with a loss of £10.4k and 1 employee. The company is classified under “business and domestic software development” and is based in Benfleet; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Benfleet, East of England
- Age
- 6 yrs · since 2019
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2020 | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £518 | £33.1k | £29.4k | £9.5k |
| Cost of sales | £0 | £0 | — | — |
| Gross profit | £518 | £33.1k | £29.4k | £9.5k |
| Operating profit | −£3.2k | −£4.8k | £1.9k | −£6.7k |
| Profit before tax | −£13.4k | −£46.9k | −£11.5k | −£10.4k |
| Profit after tax | −£13.4k | −£46.9k | −£11.5k | −£10.4k |
| Profit (best available) | −£13.4k | −£46.9k | −£11.5k | −£10.4k |
| Employees (average) | 1 | 1 | 1 | 1 |
| Ratios | ||||
| Profit margin | −2586% | −141.4% | −39.1% | −110% |
| Gross margin | 100% | 100% | 100% | 100% |
| Revenue per employee | £518 | £33.1k | £29.4k | £9.5k |
| Profit per employee | −£13.4k | −£46.9k | −£11.5k | −£10.4k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲6298% | ▼11.4% | ▼67.7% |
| Headcount growth | — | 0% | 0% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £34k | £12.1k | £2.7k | £95 |
| Net assets | −£13.4k | −£50.9k | £11.5m | £99.9m |
| Fixed assets | £0 | £9.3k | £11.5m | £100m |
| Current assets | £34k | £12.2k | £2.8k | £337 |
| Debtors | £0 | £100 | £172 | £242 |
| Source | FullAccounts · bulk data Jan 2025 | FullAccounts · bulk data Jan 2025 | FullAccounts · bulk data Jan 2025 | FullAccounts · bulk data Jan 2025 |
How the business works
- Profit margin
- −110%
- Profit ÷ revenue.
- Gross margin
- 100%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £9.5k
- Revenue ÷ average employees.
- Profit per employee
- −£10.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1053630%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2.5%
- 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
- ▲771%
- Now £99.9m
- Cash at bank
- ▼96%
- Now £95
- Headcount
- 0%
- Now 1
- Deferred income
- —
- Now —
- Fixed assets
- ▲766%
- Now £100m
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£10.4k), from the Companies House accounts bulk data published Jan 2025. 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.