SWIM ENGLAND NORTH WEST LIMITED

Executive Summary

SWIM ENGLAND NORTH WEST LIMITED shows a sound financial position with strong liquidity and no immediate solvency concerns. The company maintains good regulatory compliance and a stable governance structure, although monitoring of cash flow trends and related party transactions is advisable. Overall, the risk profile is low based on available financial and compliance data.

SWIM ENGLAND NORTH WEST LIMITED - Analysis Report

Company Number: 13527051

Analysis Date: 2025-07-29 16:51 UTC

1. Risk Rating: LOW
   The company demonstrates a strong liquidity position with substantial cash reserves relative to current liabilities. No overdue filings or compliance issues are evident. The governance structure appears stable with multiple experienced directors, and the company operates within a clear industry sector.

2. Key Concerns:

• Declining cash balance in 2024 compared to 2023 (from £302k to £254k), which while still healthy, warrants monitoring to ensure cash outflows do not continue unchecked.
• Small number of employees (4 on average), which may indicate operational scale limitations or reliance on a narrow management team.
• Related party transactions exist, though at a low level; ongoing monitoring recommended to avoid conflicts of interest.

3. Positive Indicators:

• Strong net current assets (£251k in 2024) and positive shareholders’ funds (£259k), indicating solid solvency and no obvious risk of inability to meet short-term obligations.
• No overdue statutory filings; next accounts and confirmation statement are not due until late 2026 and mid-2026 respectively, showing good regulatory compliance.
• Unqualified audit report, suggesting accounts present a true and fair view without material misstatements.
• Tangible fixed assets modest but increasing, showing some investment in operational capacity.

4. Due Diligence Notes:

• Review income and expenditure trends in more detail since the income statement is not included in the filing copy; assess profitability and cash flow dynamics.
• Investigate the nature and terms of related party transactions with PC Supplies Limited, ensuring they are conducted at arm’s length.
• Confirm strategic plans for cash management given the reduction in cash holdings in 2024.
• Evaluate the governance framework given the number and background of directors, including any succession plans given the number of retired directors.
• Verify any contingent liabilities or off-balance sheet obligations not evident in the accounts.