SWITCH MOBILITY LIMITED

• ◆

  7 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

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.

1. SWITCH MOBILITY LIMITED 2020-11-03 → present
2. OPTARE GROUP LTD 1998-12-01 → 2020-11-03
3. OPTARE LIMITED 1985-03-29 → 1998-12-01
4. SIMCO NO 49 LIMITED 1985-01-25 → 1985-03-29
5. ORION OF LEEDS LIMITED 1985-01-09 → 1985-01-25
6. SIMCO NO. 49 LIMITED 1984-05-22 → 1985-01-09

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group has obtained a legally binding letter of support from its ultimate parent company, Ashok Leyland Limited, who are a public limited company incorporated and domiciled in India. This letter confirms that, if necessary, Ashok Leyland Limited will source or provide additional funding if required to allow the group to meet all contractual and legal obligations and covenant requirements if needed, including any intercompany receivable balances due, for the period up to and including the 30 September 2026. The directors have assessed the ability and intention of the ultimate parent company to provide funding if required and consider this satisfactory.”

Group structure

1. SWITCH MOBILITY LIMITED · parent
   1. Switch Mobility Automotive Limited 100% · India
   2. Switch Mobility Europe SL 100% · Spain

Significant events

• “Decision was taken to cease manufacturing in the UK due to market and product challenges, making operations unviable.”
• “Switch Spain launched the introduction of 2 new E1 vehicles to the European market.”
• “The upcoming 9-metre eBus platform will enhance capability to meet diverse public transportation needs and secure additional tender opportunities.”
• “Switch Mobility signed a Memorandum of Understanding (MoU) with financial services firm Vertelo in November 2024 to enable the deployment of 1,000 electric commercial vehicles across India over the next three to five years.”
• “The cessation process for UK manufacturing activities is targeted to be concluded by the end of September 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

2

last 24 months

Officers appointed

3

last 12 months

Officers resigned

7

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.