How much does Switch Contracts Ltd make?

Switch Contracts Ltd reported revenue of £587k and a loss of £404k in the year to 28 Feb 2024, according to its accounts filed at Companies House.

How many employees does Switch Contracts Ltd have?

Switch Contracts Ltd reported an average of 40 employees in the year to 28 Feb 2024.

Is Switch Contracts Ltd profitable?

No — Switch Contracts Ltd reported a loss of £404k in the year to 28 Feb 2024.

Company No. 14666510 · Incorporated 16 Feb 2023

Switch Contracts Ltd

Registered name: SWITCH CONTRACTS LTD

Switch Contracts Ltd made £587k revenue and a £404k loss in the year to 28 Feb 2024.

Switch Contracts Ltd’s revenue was £587k in the year to 28 Feb 2024, with a loss of £404k and 40 employees. The company is classified under “other specialised construction activities” and is based in Petersfield.

Full P&L filedSection F · ConstructionSIC 43999Other specialised construction activities n.e.c.

Status: Active - Proposal to Strike off
Location: Petersfield, South East
Age: 3 yrs · since 2023
Type: Private Limited Company

Latest accounts · year to 28 Feb 2024

Key figures

IndependentBoring industry

Revenue

£587k

Growth —

Profit

−£404k

Growth —

Profit margin

−68.9%

Gross −33.4%

Employees

Change —

Profit / employee

−£10.1k

Revenue/employee £14.7k

Profitable streak

0yrs

Consecutive profitable years in our data

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

1 filed year

Financial history

Multi-year financials, oldest to newest
Year to	28 Feb 2024
Disclosure	Full P&L
Profit & loss
Revenue (turnover)	£587k
Cost of sales	£783k
Gross profit	−£196k
Operating profit	−£404k
Profit before tax	−£404k
Profit after tax	−£404k
Profit (best available)	−£404k
Employees (average)	40
Ratios
Profit margin	−68.9%
Gross margin	−33.4%
Revenue per employee	£14.7k
Profit per employee	−£10.1k
Balance sheet — indirect signals, not revenue
Cash at bank	£170k
Net assets	£97.7k
Fixed assets	£179k
Current assets	£170k
Deferred income	£50k
Source	FullAccounts · bulk data Feb 2024

Derived from the latest filing

How the business works

Profit margin: −68.9%; Profit ÷ revenue.
Gross margin: −33.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £14.7k; Revenue ÷ average employees.
Profit per employee: −£10.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 30.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; 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: —; Now £97.7k
Cash at bank: —; Now £170k
Headcount: —; Now 40
Deferred income: —; Now £50k
Fixed assets: —; Now £179k

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 28 Feb 2024 (profit −£404k), from the Companies House accounts bulk data published Feb 2024. 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.