SWIFT ROPE ACCESS LTD

Executive Summary

Swift Rope Access Ltd is a newly incorporated micro-entity with a very weak financial position characterized by negligible assets, negative working capital, and no shareholder equity. The company’s liquidity is critically tight, indicating an inability to comfortably meet short-term obligations or service credit. Without significant capital support or operational improvement, extending credit is not recommended at this stage.

SWIFT ROPE ACCESS LTD - Analysis Report

Company Number: NI692440

Analysis Date: 2025-07-29 20:53 UTC

1. Credit Opinion: DECLINE. Swift Rope Access Ltd shows very limited financial resources and a weak liquidity position with net current liabilities and no shareholder funds as of the latest reporting period. The company's financials reveal minimal assets (£610 current assets) barely covering short-term liabilities (£613), resulting in a negative working capital and zero net assets. The absence of profitability data and the micro-entity status with minimal filings restrict deeper analysis, but the trend from a negative net asset position in prior years to zero does not indicate meaningful improvement or capital injection. Given the high risk of insufficient cash flow to meet obligations and lack of financial buffer, credit extension is not advisable without substantial guarantees or collateral.

2. Financial Strength: The balance sheet is fragile. Total assets are negligible and almost entirely current assets, likely cash or receivables, which only marginally cover current liabilities. The company has no reported fixed assets or reserves, and shareholders’ funds stand at zero, indicating no equity buffer. The prior years showed net liabilities close to £1,000, so the company is only slightly better off but remains effectively insolvent on a balance sheet basis. This signals limited financial resilience and an inability to absorb adverse events or delays in receivables.

3. Cash Flow Assessment: The reported net current liabilities of £3 as of 31 March 2025 indicate an extremely tight working capital situation. The company’s liquidity position is precarious, with current assets just enough to meet current liabilities. Without detailed P&L or cash flow statements, it is difficult to confirm operating cash flow generation, but the micro-entity exemption and minimal asset base suggest limited operating scale and cash inflows. The company’s survival likely depends on ongoing capital injections or shareholder support.

4. Monitoring Points:

• Timely filing of next accounts and confirmation statements to track financial progression.
• Changes in working capital metrics, particularly current assets vs. current liabilities.
• Any capital injections or shareholder loans that improve net asset position.
• Evidence of contract wins or revenue growth to support cash flows.
• Director conduct and credit history updates given sole director status.
• Potential external guarantees or security offered if credit facilities are reconsidered.