How much does Switch2 Energy Limited make?

Switch2 Energy Limited reported revenue of £32m and £1.5m profit in the year to 31 Mar 2026, according to its accounts filed at Companies House.

How many employees does Switch2 Energy Limited have?

Switch2 Energy Limited reported an average of 210 employees in the year to 31 Mar 2026.

Is Switch2 Energy Limited profitable?

Yes — Switch2 Energy Limited reported a profit of £1.5m in the year to 31 Mar 2026.

Company No. 02409803 · Incorporated 31 Jul 1989

Switch2 Energy Limited

Registered name: SWITCH2 ENERGY LIMITED

Switch2 Energy Limited made £32m revenue and £1.5m profit in the year to 31 Mar 2026.

Switch2 Energy Limited’s revenue grew 13% to £32m in the year to 31 Mar 2026, with £1.5m profit and 210 employees. The company is classified under “plumbing, heat and air-conditioning installation” and is based in Shipley; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43220Plumbing, heat and air-conditioning installation SIC 96090Other service activities n.e.c.

Status: Active
Location: Shipley, Yorkshire and The Humber
Age: 37 yrs · since 1989
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Switch2 Energy Limited is owned by a family trust of Mr T Scott, which is considered to be the ultimate controlling party. The Company's ultimate parent undertaking is Apricus Limited (Jersey).”

Latest accounts · year to 31 Mar 2026

Key figures

Operating leverageBoring industryCash flow filed

Revenue

£32m

Growth ▲13%

Profit

£1.5m

Growth ▲16.6%

Profit margin

4.8%

Gross 51.4%

Employees

210

Change ▲2.9%

Profit / employee

£7.3k

Revenue/employee £152k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023	31 Mar 2024	31 Mar 2025	31 Mar 2026
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£27.8m	£26.4m	£28.3m	£32m
Cost of sales	£16.1m	£14.5m	£13.5m	£15.6m
Gross profit	£11.6m	£11.9m	£14.8m	£16.5m
Operating profit	£1.3m	−£392k	£1.7m	£1.8m
Profit before tax	£1.3m	−£384k	£1.7m	£1.9m
Profit after tax	£1.2m	−£236k	£1.3m	£1.5m
Profit (best available)	£1.2m	−£236k	£1.3m	£1.5m
Staff costs	£8m	£9m	£9.6m	£10.9m
Employees (average)	170	196	204	210
Ratios
Profit margin	4.4%	−0.9%	4.6%	4.8%
Gross margin	41.9%	45.1%	52.2%	51.4%
Revenue per employee	£163k	£135k	£139k	£152k
Profit per employee	£7.3k	−£1.2k	£6.4k	£7.3k
Cash conversion	−23.4%	—	180.3%	176.5%
Growth (year on year)
Revenue growth	—	▼4.9%	▲7.2%	▲13%
Profit growth	—	▼119.1%	—	▲16.6%
Headcount growth	—	▲15.3%	▲4.1%	▲2.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.6m	£1.7m	£2.8m	£4m
Net assets	£9.8m	£9.6m	£10.9m	£12.4m
Fixed assets	£4m	£4.5m	£4.7m	£4.7m
Current assets	£13.3m	£13.2m	£13.5m	£15.9m
Debtors	£5.2m	£5.2m	£5.5m	£7.7m
Deferred income	£2.4m	£2m	£2.6m	£3.9m
Cash from operations	−£297k	−£944k	£3.1m	£3.3m
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Nov 2025	FullAccounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 4.8%; Profit ÷ revenue.
Gross margin: 51.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £152k; Revenue ÷ average employees.
Profit per employee: £7.3k; Profit ÷ average employees.
Cash conversion: 176.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 14.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 12.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 24.1%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲14%; Now £12.4m
Cash at bank: ▲43%; Now £4m
Headcount: ▲3%; Now 210
Deferred income: ▲54%; Now £3.9m
Fixed assets: ▲0%; Now £4.7m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £1.5m), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.