SWAP TECHNOLOGIES LTD

Executive Summary

SWAP TECHNOLOGIES LTD has been dormant since incorporation with no trading activity or financial substance. The company lacks operational cash flow, assets, and financial history to support any credit facility. Credit approval is not recommended until there is evidence of business activity and financial strength.

SWAP TECHNOLOGIES LTD - Analysis Report

Company Number: 13627593

Analysis Date: 2025-07-29 16:37 UTC

1. Credit Opinion: DECLINE
   SWAP TECHNOLOGIES LTD is a dormant company with no trading activity or financial transactions reported since incorporation in 2021. The balance sheet shows nominal net assets of £1 and no operational cash flows or revenues. There is no evidence of financial performance or business activity to support debt servicing capacity. Extending credit would carry a high risk given the lack of financial substance and absence of trading history.

2. Financial Strength:
   The company’s financial statements confirm it is dormant, with share capital of only £1 and no other assets or liabilities reported. Shareholders’ funds equal net assets and remain at £1 consistently over four years. This indicates no capital injection or operational funding. The balance sheet is effectively non-existent, showing no financial strength or cushion to absorb losses or support credit facilities.

3. Cash Flow Assessment:
   No cash flow information or working capital exists due to the dormant status. Current assets and liabilities are nil, so liquidity is non-existent. The company does not generate income or incur expenses. Without operational cash flow, the company cannot meet any debt obligations or manage working capital funding.

4. Monitoring Points:

• Monitor for any future change from dormant status to active trading, which would require updated financial statements.
• Watch for capital injections or changes in net assets that may indicate new financial activity or creditworthiness.
• Review director appointments and any changes in ownership or business strategy that could impact financial risk.