SWITCH METALS PLC
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Cash
£536k
Latest balance sheet
Net assets
£3.7m
Equity attributable
Employees
18
Average over period
Profit before tax
-£2.2m
Period ending 2025-12-31
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-01-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | -£280,909 | -£2,237,269 | — | |
| Profit before tax | -£276,484 | -£2,229,968 | — | |
| Net profit | -£276,484 | -£2,229,968 | — | |
| Cash | £781,872 | £536,199 | — | |
| Total assets less current liabilities | £781,876 | £3,687,625 | — | |
| Net assets | £781,876 | £3,687,625 | — | |
| Equity | £781,876 | £3,687,625 | — | |
| Average employees | 4 | 18 | — | |
| Wages | £34,033 | £277,229 | — | |
| Directors' remuneration | £112,673 | £333,028 | — | |
| Highest paid director | — | £125,275 | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-01-31 | 2025-12-31 |
|---|---|---|---|
| Return on capital employed | -35.9% | -60.7% | |
| Gearing (liabilities / total assets) | 4.2% | 6.9% | |
| Current ratio | 23.67x | 2.15x | |
| Interest cover | — | -17.19x |
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
- SWITCH METALS PLC 2025-04-01 → present
- ONEIRO ENERGY PLC 2021-05-18 → 2025-04-01
- ONEIRO ENERGY LTD 2021-01-18 → 2021-05-18
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Royce Peeling Green Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. 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 Group and 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
- SWITCH METALS PLC · parent
- Switch Metals Cote d'Ivoire Sarl 100%
Significant events
- “On 31 March 2025, the Company acquired a 100% interest in the shares of SMCI, a company incorporated in Cote d'Ivoire. The now renamed Switch Metals plc raised an initial £2m via a Placing and Subscription.”
- “On 30 April 2026 the Company announced a placing of 10,000,000 new ordinary shares at a price of 10p per share raising gross proceeds of £1m.”
- “On 30 April 2026 the Company announced a placing of 2,500,000 new ordinary shares at a price of 10p per share raising gross proceeds of £250k.”
- “On 5 May 2026, the Company Issued a total of 632,460 new Ordinary Shares to consultants of the Company in settlement of fees.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SILVERTREE PARTNERS LLP | Corporate Secretary | 2023-11-01 | — | — |
| AKUESON-GANNYI, Karl Willis | Director | 2025-04-03 | Oct 1986 | Ivorian |
| DOUMBIA, Mamadou | Director | 2025-04-03 | Aug 1966 | Ivorian |
| MURCIA, Didier | Director | 2025-04-03 | Nov 1962 | Australian |
| TREACY, John Michael | Director | 2022-11-14 | Aug 1981 | Irish |
| YEO, Andrew Robert | Director | 2023-09-05 | Mar 1963 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRISTOW, Simon Mark | Secretary | 2021-04-15 | 2023-11-01 |
| MURRAY, Peter Roderick Gordon | Secretary | 2021-01-18 | 2023-04-28 |
| DZIUBINSKI, Adam Michael | Director | 2021-01-18 | 2022-10-09 |
| JONES, Robert Francis Edwin | Director | 2021-01-18 | 2024-09-06 |
| MURRAY, Peter Roderick Gordon | Director | 2021-01-18 | 2024-09-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter Roderick Gordon Murray | Individual | Shares 25–50%, Voting 25–50% | 2021-01-18 | Ceased 2022-10-24 |
| Mr Robert Francis Edwin Jones | Individual | Shares 25–50%, Voting 25–50% | 2021-01-18 | Ceased 2022-10-24 |
| Mr Adam Michael Dziubinski | Individual | Shares 25–50%, Voting 25–50% | 2021-01-18 | Ceased 2022-10-24 |
Filing timeline
Last 20 of 63 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-08-01 RESOLUTIONS Resolution
- 2025-04-01 CERTNM Certificate change of name company
- 2024-07-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-14 | AA | accounts | Accounts with accounts type full | |
| 2026-06-10 | SH01 | capital | Capital allotment shares | |
| 2026-05-07 | SH01 | capital | Capital allotment shares | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-01 | SH01 | capital | Capital allotment shares | |
| 2025-08-01 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-05-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-16 | SH01 | capital | Capital allotment shares | |
| 2025-04-01 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-03-24 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-03-12 | SH02 | capital | Capital alter shares subdivision | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-11 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-08 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 5
- 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.