SWITCH2 ENERGY LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +7.2%

  £26,417,934 → £28,328,889

  highest in 3 filed years

• Cash

  +64.8%

  £1,679,367 → £2,768,145

• Net assets

  +13.8%

  £9,556,558 → £10,871,245

  highest in 3 filed years

• Employees

  +4.1%

  196 → 204

  highest in 3 filed years

• Operating profit

  +539.5%

  -£392,276 → £1,724,160

  highest in 3 filed years

• Profit before tax

  +552.1%

  -£383,510 → £1,733,984

  highest in 3 filed years

• Wages

  +6.2%

  £7,845,761 → £8,331,341

  highest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. 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. SWITCH2 ENERGY LIMITED 2015-10-13 → present
2. ENER-G SWITCH2 LIMITED 2010-05-28 → 2015-10-13
3. SWITCH2 ENERGY SOLUTIONS LIMITED 2004-02-11 → 2010-05-28
4. VITERRA ENERGY SERVICES LIMITED 1999-09-20 → 2004-02-11
5. RAAB KARCHER ENERGY SERVICES LIMITED 1994-12-13 → 1999-09-20
6. ISS CLORIUS LIMITED 1993-01-01 → 1994-12-13
7. ISS CLORIUS METERING LIMITED 1990-01-17 → 1993-01-01
8. NISPUN LIMITED 1989-07-31 → 1990-01-17

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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