Company Number: 13328557

Analysis Date: 2025-07-29 16:54 UTC

1. Credit Opinion: APPROVE. SWPS Holdings Limited demonstrates strong financial stability for its size and category. The company shows a solid net asset base with no current liabilities reported as of the latest accounts, indicating low financial risk. The absence of overdue filings and the micro-entity status reduce regulatory risk. Given the company’s role as a holding entity with minimal operational complexity and a single director, credit exposure is low, and repayment risk is minimal.

2. Financial Strength: The company’s balance sheet is healthy, with total assets significantly exceeding liabilities. Fixed assets remain minimal (£110), consistent with a holding company profile, while current assets have increased substantially from £214,645 in 2023 to £349,949 in 2024. Current liabilities are negligible or zero, resulting in net current assets equal to current assets, enhancing liquidity. Shareholders' funds have increased from £214,560 to £350,064, indicating capital injection or retained earnings growth, strengthening the equity base.

3. Cash Flow Assessment: Liquidity is strong with almost £350k in current assets and no current liabilities, implying ample working capital to meet short-term obligations. The lack of creditors and the increase in current assets over the year suggest positive cash inflows or capital contributions. However, as a holding company with one employee (the director), operational cash flow considerations are minimal. The company’s cash flow risk is low given the current asset position and absence of debt.

4. Monitoring Points:

• Maintain oversight on the company’s asset composition, particularly any changes in current assets that might indicate operational activity or investment risk.
• Monitor director conduct records and ensure no disqualifications or legal issues arise.
• Watch for any significant changes in liabilities or introduction of debt which could affect credit risk.
• Track the filing of annual accounts and confirmation statements to ensure continued compliance and transparency.
• Given the company’s micro entity status, verify any future capital calls or related party transactions that could impact financial stability.