SWYTCH TECHNOLOGY LTD

• ◆

  3 officer resignations in last 12 months

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

• ◆

  1 PSC 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

  -19.2%

  £10,510,547 → £8,494,850

• Cash

  -70.6%

  £479,313 → £140,942

  lowest in 6 filed years

• Net assets

  -43.4%

  -£1,503,574 → -£2,155,451

  lowest in 6 filed years

• Employees

  -21.1%

  38 → 30

• Operating profit

  -17.9%

  -£1,369,579 → -£1,615,355

• Profit before tax

  -19.2%

  -£1,435,580 → -£1,711,048

• Wages

  -8.1%

  £1,893,260 → £1,739,342

  lowest 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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Audit opinion

Unaudited (audit-exempt)

Going concern

Affirmed

“The company assesses its ability to continue operations as a going concern. The directors have conducted a comprehensive review of the company's financial position, cash flow projections, and operational plans. The company remains committed to its strategic objectives, including product development, market expansion, and customer satisfaction. However, it is essential to acknowledge the inherent risks and uncertainties in the wider business environment. The directors will closely monitor market conditions, adapt to changing circumstances, and proactively manage its financial position to ensure the sustainability of its operations.”

Significant events

• “The company continues to enhance its product portfolio with the addition of a new product during the year aimed at the value segment of the market as well as maintaining a pipeline of new innovative products for the future.”
• “The company's priority is to significantly improve its customer experience, and is investing in reducing delivery times for its products with a target of next day delivery.”
• “The company continues to develop its product portfolio by enhancing existing products but also innovating new products to bring to market via its internal research and development resources.”

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

11

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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