Swytch Technology Ltd
Registered name: SWYTCH TECHNOLOGY LTD
Swytch Technology Ltd made £8.5m revenue and a £1.4m loss in the year to 31 Mar 2025.
Swytch Technology Ltd’s revenue fell 19% to £8.5m in the year to 31 Mar 2025, with a loss of £1.4m and 30 employees. The company is classified under “manufacture of bicycles and invalid carriages” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 9 yrs · since 2017
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £11.2m | £10.5m | £8.5m |
| Cost of sales | — | £7.1m | £6.3m | £4.6m |
| Gross profit | — | £4.1m | £4.2m | £3.9m |
| Operating profit | — | −£3.8m | −£1.4m | −£1.6m |
| Profit before tax | — | −£3.9m | −£1.4m | −£1.7m |
| Profit after tax | — | −£2.2m | −£258k | −£1.4m |
| Profit (best available) | — | −£2.2m | −£258k | −£1.4m |
| Staff costs | — | £2.8m | £2.2m | £2m |
| Employees (average) | 47 | 64 | 38 | 30 |
| Ratios | ||||
| Profit margin | — | −19.3% | −2.5% | −15.9% |
| Gross margin | — | 36.7% | 40.3% | 45.9% |
| Revenue per employee | — | £175k | £277k | £283k |
| Profit per employee | — | −£33.9k | −£6.8k | −£45.1k |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▼6.3% | ▼19.2% |
| Headcount growth | — | ▲36.2% | ▼40.6% | ▼21.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £3.5m | £2.7m | £468k | £138k |
| Net assets | £2.8m | £841k | £1.6m | £997k |
| Fixed assets | £215k | £1.1m | £900k | £553k |
| Current assets | £5.7m | £9.3m | £5.4m | £4.4m |
| Debtors | £70k | £13.7k | £61.9k | £37.1k |
| Deferred income | — | £5.4m | £2.4m | — |
| Source | Accounts · bulk data Mar 2024 | Accounts · bulk data Mar 2024 | FullAccounts · bulk data Mar 2025 | FullAccounts · bulk data Mar 2026 |
How the business works
- Profit margin
- −15.9%
- Profit ÷ revenue.
- Gross margin
- 45.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £283k
- Revenue ÷ average employees.
- Profit per employee
- −£45.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 6.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.4%
- Money owed by customers. Low = customers pay quickly.
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
- ▼39%
- Now £997k
- Cash at bank
- ▼71%
- Now £138k
- Headcount
- ▼21%
- Now 30
- Deferred income
- —
- Now —
- Fixed assets
- ▼39%
- Now £553k
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£1.4m), from the Companies House accounts bulk data published Mar 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.