Green Switch Limited
Registered name: GREEN SWITCH LIMITED
Green Switch Limited made £783k revenue and a £803k loss in the year to 31 Dec 2024.
Green Switch Limited’s revenue grew 4% to £783k in the year to 31 Dec 2024, with a loss of £803k and 6 employees. The company is classified under “retail sale of sports goods, fishing gear, camping goods, boats and bicycles” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 5 yrs · since 2020
- 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 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £754k | £783k |
| Cost of sales | — | £409k | £336k |
| Gross profit | — | £344k | £446k |
| Operating profit | — | −£252k | −£411k |
| Profit before tax | — | −£346k | −£680k |
| Profit after tax | — | −£513k | −£803k |
| Profit (best available) | — | −£513k | −£803k |
| Employees (average) | 2 | 4 | 6 |
| Ratios | |||
| Profit margin | — | −68% | −102.6% |
| Gross margin | — | 45.7% | 57% |
| Revenue per employee | — | £188k | £130k |
| Profit per employee | — | −£128k | −£134k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲3.9% |
| Headcount growth | — | ▲100% | ▲50% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £12.6k | £6.6k | £4.2k |
| Net assets | −£144k | −£351k | −£807k |
| Fixed assets | £16.6k | £23.1k | £4.1k |
| Current assets | £48.2k | £66.8k | £138k |
| Debtors | £10.8k | £0 | £11.6k |
| Source | Accounts · bulk data Apr 2024 | Accounts · bulk data Apr 2024 | FilletedAccounts · bulk data May 2025 |
How the business works
- Profit margin
- −102.6%
- Profit ÷ revenue.
- Gross margin
- 57%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £130k
- Revenue ÷ average employees.
- Profit per employee
- −£134k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1.5%
- 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
- —
- Now −£807k
- Cash at bank
- ▼36%
- Now £4.2k
- Headcount
- ▲50%
- Now 6
- Deferred income
- —
- Now —
- Fixed assets
- ▼82%
- Now £4.1k
Group structure
Subsidiaries (2)
- Blike Community Interest CompanyFigures not disclosed
- Blike Finance LimitedFigures not disclosed
Minority corporate shareholders
- Eldon Capital Management Limited 25–50%
- Ellis Nominees (Wa) Pty Limited (registered outside the UK register) 25–50%
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
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Sources
Latest figures from FilletedAccounts for the year to 31 Dec 2024 (profit −£803k), from the Companies House accounts bulk data published May 2025. 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.