SWITCH2 ENERGY LIMITED
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Cash
£2.8m
+64.8% highest in 3 filed years
Net assets
£11m
+13.8% highest in 3 filed years
Employees
204
+4.1% highest in 3 filed years
Profit before tax
£1.7m
+552.1% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £27,779,217 | £26,417,934 | £28,328,889 | +7.2% | |
| Operating profit | £1,270,790 | -£392,276 | £1,724,160 | +539.5% | |
| Profit before tax | £1,285,732 | -£383,510 | £1,733,984 | +552.1% | |
| Net profit | £1,233,276 | -£235,619 | £1,314,687 | +658% | |
| Cash | £1,611,572 | £1,679,367 | £2,768,145 | +64.8% | |
| Total assets less current liabilities | £10,138,930 | £11,908,773 | £12,428,684 | +4.4% | |
| Net assets | £9,792,177 | £9,556,558 | £10,871,245 | +13.8% | |
| Equity | £9,792,177 | £9,556,558 | £10,871,245 | +13.8% | |
| Average employees | 170 | 196 | 204 | +4.1% | |
| Wages | £7,047,308 | £7,845,761 | £8,331,341 | +6.2% | |
| Directors' remuneration | £630,508 | £625,753 | £740,114 | +18.3% |
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 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | 4.6% | -1.5% | 6.1% | |
| Net margin | 4.4% | -0.9% | 4.6% | |
| Return on capital employed | 12.5% | -3.3% | 13.9% | |
| Gearing (liabilities / total assets) | — | 46.2% | 40.0% | |
| Current ratio | — | 2.26x | 2.36x | |
| Interest cover | — | -3.02x | 9.50x |
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 7 times since incorporation
- SWITCH2 ENERGY LIMITED 2015-10-13 → present
- ENER-G SWITCH2 LIMITED 2010-05-28 → 2015-10-13
- SWITCH2 ENERGY SOLUTIONS LIMITED 2004-02-11 → 2010-05-28
- VITERRA ENERGY SERVICES LIMITED 1999-09-20 → 2004-02-11
- RAAB KARCHER ENERGY SERVICES LIMITED 1994-12-13 → 1999-09-20
- ISS CLORIUS LIMITED 1993-01-01 → 1994-12-13
- ISS CLORIUS METERING LIMITED 1990-01-17 → 1993-01-01
- NISPUN LIMITED 1989-07-31 → 1990-01-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider that the Company has adequate resources to continue operations for the foreseeable future. Thus, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in note 2 to the financial statements.”
Significant events
- “In the prior year, the Company entered into a loan agreement with Major Oak Limited, a related party, for £2m which is repayable with not less than 12 months' notice. During the year ended 31 March 2025, £1m of this was repaid. Following the year end the loan was repaid in full.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EDDLESTON, Simon Dean | Director | 2021-01-01 | Apr 1970 | British |
| HARRISON, Richard John | Director | 2021-01-18 | Sep 1967 | British |
| HULL, Christopher John | Director | 2018-05-14 | Jul 1966 | British |
| LAMBERT, Kirsty Jane | Director | 2014-06-02 | Sep 1970 | British |
| RAMSDEN, Paul | Director | 2024-11-26 | Jan 1984 | British |
| SCOTT, Timothy Hays | Director | 2007-12-21 | Mar 1950 | British |
| WARD, Anthony Peter Roy | Director | 2016-11-21 | Jul 1978 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRIERLEY, Andrew Kenneth | Secretary | — | 1992-09-30 |
| EVANS, Andrew John | Secretary | 2007-12-21 | 2012-01-26 |
| FORTES, Christopher | Secretary | 1992-09-30 | 2004-07-22 |
| GIBSON, Laura | Secretary | 2004-07-22 | 2007-12-21 |
| WARDNER, Richard | Secretary | 2012-01-26 | 2018-06-28 |
| AMTRUP, Morten | Director | 1999-06-29 | 2003-12-23 |
| ARMITAGE, Christopher Herbert | Director | 1992-09-30 | 1999-06-29 |
| BRIERLEY, Andrew Kenneth | Director | — | 1994-07-01 |
| CAROE, Harold Preben | Director | — | 1994-09-27 |
| CLARE, Carolyn Jayne | Director | 2003-12-23 | 2014-06-02 |
| DEBENHAM, Alistair Robert | Director | 2016-11-21 | 2018-03-22 |
| DUFFILL, Derek John | Director | 2008-05-01 | 2013-05-30 |
| EVANS, Andrew John | Director | 2007-12-21 | 2017-05-31 |
| FORTES, Christopher | Director | 2003-12-23 | 2015-05-28 |
| FROST, Jorgen | Director | 1994-04-12 | 1994-12-02 |
| GOODMAN, Peter Martin | Director | 2021-12-21 | 2024-08-02 |
| GREAVES, Richard John | Director | 2019-08-12 | 2020-01-10 |
| HAYTON, Christopher James | Director | 2007-12-21 | 2012-02-22 |
| HEUVELDOP, Andreas | Director | 2002-12-05 | 2003-12-23 |
| KIRSCHBAUM, Christian | Director | 1999-06-29 | 2002-03-15 |
| OHALLORAN, Martin Francis | Director | 1992-09-30 | 1994-09-27 |
| PEARCE, Michael William | Director | 2015-06-11 | 2016-09-30 |
| PHILLIPS, David John | Director | 2003-12-23 | 2007-12-21 |
| RANBEK, Jorgen | Director | — | 1994-04-12 |
| REISGEN, Wilhelm Valentin | Director | 1999-06-29 | 2002-12-05 |
| SCOTT, Samantha Jane | Director | 2016-11-21 | 2020-06-19 |
| SLEE, Richard Peter | Director | 2019-04-03 | 2020-12-11 |
| WAITE, Charles Francis Simon | Director | 2019-04-03 | 2021-12-21 |
| WILSON, Graham Paul | Director | 2017-10-30 | 2018-06-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thomas Haas | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust), Appoints directors (as trust) | 2026-03-02 | Active |
| Alexandra Maria Oberhuber-Wilhelm | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust), Appoints directors (as trust) | 2024-08-01 | Ceased 2026-03-02 |
| Dr Thomas Martin Joseph Wilhelm | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust), Appoints directors (as trust) | 2018-06-20 | Ceased 2024-06-15 |
| Martin Lothar Ernst Hornig | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust), Appoints directors (as trust) | 2018-06-20 | Ceased 2018-06-20 |
| Mr Timothy Hays Scott | Individual | Significant influence | 2018-06-20 | Active |
| Mr Nikolaus Thomas Wilhelm | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-06-20 | Active |
| Switch2 Udh Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-04-13 | Ceased 2018-06-20 |
| Switch2 Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-04-13 |
Filing timeline
Last 20 of 244 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-16 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-02 | CH01 | officers | Change person director company with change date | |
| 2026-02-19 | CH01 | officers | Change person director company with change date | |
| 2026-02-19 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-02-06 | CH01 | officers | Change person director company with change date | |
| 2025-11-14 | AA | accounts | Accounts with accounts type full | |
| 2025-04-08 | CH01 | officers | Change person director company with change date | |
| 2025-04-07 | CH01 | officers | Change person director company with change date | |
| 2025-04-07 | CH01 | officers | Change person director company with change date | |
| 2025-04-07 | CH01 | officers | Change person director company with change date | |
| 2025-03-31 | CH01 | officers | Change person director company with change date | |
| 2025-03-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-28 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-03-28 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-03-28 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-03-28 | CH01 | officers | Change person director company with change date | |
| 2025-03-28 | CH01 | officers | Change person director company with change date | |
| 2024-12-20 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- 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.