Swift Advances PLC

Public Limited Company · The Drive Great Warley

ActiveUnited KingdomIncorporated 1984Public Limited Company

Financial position

Accounts to 2026-03-31 · GBP · Company accounts

Net assets

£22,672,000

Cash

£460,000

Turnover

£1,431,000

Profit / loss

£9,551,000

Current assets

£12,882,000

Creditors < 1 year

£4,784,000

Equity

£22,672,000

Average employees

GBP · company

Selected figures from the best-ranked available filing for each period. Missing values remain unknown.

2 periods

Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts

Reported figures	2026-03-31Company · AI-read	2025-03-31Company · AI-read
Balance sheet
Net assets	£22,672,000	£25,221,000
Equity	£22,672,000	£25,221,000
Share capital	£68,000	£68,000
Retained earnings	£21,414,000	£23,963,000
Assets
Fixed assets	£14,824,000	£14,752,000
Property, plant & equipment	£162,000	£90,000
Investments	£14,662,000	£14,662,000
Current assets	£12,882,000	£20,971,000
Cash at bank	£460,000	£669,000
Debtors	£12,422,000	£20,302,000
Liabilities
Creditors within one year	£4,784,000	£10,286,000
Bank loans & overdrafts	£569,000	£5,409,000
Provisions	£250,000	£216,000
Net current assets	£8,098,000	£10,685,000
Assets less current liabilities	£22,922,000	£25,437,000
Profit & loss
Turnover	£1,431,000	£2,514,000
Gross profit	£1,424,000	£2,503,000
Administrative expenses	£8,623,000	£9,234,000
Other operating income	£6,908,000	£6,999,000
Operating profit	−£291,000	£268,000
Interest receivable	£3,453,000	£1,631,000
Interest payable	£21,000	—
Profit before tax	£9,641,000	£4,437,000
Tax	£90,000	£936,000
Profit / loss	£9,551,000	£3,501,000
Operating costs
Depreciation	£61,000	£58,000
Operating lease charges	£403,000	£403,000
Audit fees	£27,000	£24,000
People & pay
Average employees	73	87
Staff costs	£7,006,000	£7,169,000
Wages & salaries	£5,864,000	£6,039,000
Social security costs	£814,000	£750,000
Pension costs	—	£380,000
Directors' remuneration	£1,177,000	£1,143,000
Highest paid director	£680,157,000	£660,549,000
Source evidence	View filing	View filing

What the accounts for 2026-03-31 say about themselves, read by AI from the scanned filing.

Subsidiaries (1)

Swift 1st Limited · 100% · Arcadia House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex CM13 3BE · Finance Company and loan administrator

Turnover by segment (4)

Related parties (3)

Kestrel Topco Limited · owner of the Group’s ultimate parent undertaking · Recharged expenses incurred by the investor in relation to the Company · £46,788 (2025: £40,000)
Alchemy Partners LLP · a member of the group of the ultimate controlling party · Recharged expenses incurred by the director in relation to the Company · £nil (2025: £273)
Key management personnel (including the Directors) · Total compensation · £1,927,000 (2025: £1,854,000)

Borrowings (1)

Share classes (2)

Events after the year end (2)

On 15 April 2026, following a recent strategic review, the Kestrel Group announced a small restructuring plan; the workforce has been rationalised with an associated cost of £0.1m.
On 16 June 2026, the Company declared and paid a dividend of £6,600,000 to its shareholder.

Contingent liabilities (1)

At 31 March 2026 the Kestrel Group does not consider any contingent liabilities that may arise in respect of possible obligations related to these matters to be material.