A F SWITCHGEAR LIMITED
Get an alert when A F SWITCHGEAR LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£18M
+10.7% vs 2023
Net assets
£13M
+6.8% vs 2023
Employees
306
+39.7% vs 2023
Profit before tax
£13M
+8.8% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £82,980,572 | £80,136,919 | -3.4% | |
| Operating profit | £10,554,229 | £12,901,730 | +22.2% | |
| Profit before tax | £12,036,388 | £13,099,513 | +8.8% | |
| Net profit | £9,598,192 | £9,804,817 | +2.2% | |
| Cash | £16,462,671 | £18,228,587 | +10.7% | |
| Total assets less current liabilities | £11,872,345 | £12,771,684 | +7.6% | |
| Net assets | £11,791,961 | £12,596,778 | +6.8% | |
| Equity | £11,791,961 | £12,596,778 | +6.8% | |
| Average employees | 219 | 306 | +39.7% | |
| Wages | £10,736,660 | £13,390,632 | +24.7% | |
| Directors' remuneration | £2,010,192 | £687,610 | -65.8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 12.7% | 16.1% | |
| Net margin | 11.6% | 12.2% | |
| Return on capital employed | 88.9% | 101.0% | |
| Current ratio | 1.41x | 1.49x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- A F SWITCHGEAR LIMITED 2007-10-18 → present
- A. F. SWITCHGEAR & CONTROL PANELS LIMITED 1996-12-24 → 2007-10-18
- A.F. TECHNICAL SERVICES LIMITED 1974-08-01 → 1996-12-24
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Langard Lifford Hall Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- A F SWITCHGEAR LIMITED · parent
- A F Fabrications Limited 100%
- A.F. Technical Services Limited 100%
Significant events
- “In August 2024 the company celebrated 50 years of trading with aspirations to continue growth both organically, and should opportunities arise, through acquisition.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SLACK, Mathew Stephen | Secretary | 2013-12-31 | — | — |
| FOSTER, Henry David | Director | 2026-03-26 | Jul 1999 | British |
| FOSTER, Ian Henry | Director | — | Jan 1967 | British |
| FOSTER, Samuel George | Director | 2026-03-26 | May 2001 | British |
| GARRARD, Steven | Director | 2026-03-26 | Feb 1985 | British |
| NUTT, Mark Antony | Director | 2023-01-01 | Feb 1972 | British |
| SLACK, Mathew Stephen | Director | 2013-12-31 | Mar 1969 | British |
| THOMPSON, Richard | Director | 2000-11-13 | Oct 1968 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOSWORTH, John Robert | Secretary | — | 2013-12-31 |
| BOSWORTH, John Robert | Director | — | 2013-12-31 |
| FOSTER, Henry William | Director | — | 2007-10-01 |
| FOSTER, Sandra Marjorie | Director | — | 2007-10-01 |
| HARRIS, Michael George | Director | 1999-04-22 | 2021-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Ian Henry Foster | Individual | Significant influence | 2016-07-01 | Active |
| A.F. Switchgear (Holdings) Limited | Corporate entity | Shares 75–100% | 2016-07-01 | Active |
Filing timeline
Last 20 of 152 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-15 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-10-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-16 | AA | accounts | Accounts with accounts type medium | |
| 2023-10-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-08 | AA | accounts | Accounts with accounts type full | |
| 2023-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-20 | AA | accounts | Accounts with accounts type full | |
| 2021-11-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-28 | AA | accounts | Accounts with accounts type full | |
| 2021-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2020-10-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-09-29 | AA | accounts | Accounts with accounts type full | |
| 2019-10-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-10-02 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2019-10-02 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.