switchware limited
switchware limited Company Information
Company Number
05392974
Next Accounts
173 days late
Directors
Shareholders
www holding company ltd
Group Structure
View All
Industry
Other telecommunications activities
Registered Address
3rd floor walbrook building, 195 marsh wall, london, E14 9SG
Website
www.switchwareltd.comswitchware limited Estimated Valuation
Pomanda estimates the enterprise value of SWITCHWARE LIMITED at £1.6m based on a Turnover of £3.2m and 0.49x industry multiple (adjusted for size and gross margin).
switchware limited Estimated Valuation
Pomanda estimates the enterprise value of SWITCHWARE LIMITED at £0 based on an EBITDA of £-1.4m and a 2.06x industry multiple (adjusted for size and gross margin).
switchware limited Estimated Valuation
Pomanda estimates the enterprise value of SWITCHWARE LIMITED at £0 based on Net Assets of £-4.3m and 2.41x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Switchware Limited Overview
Switchware Limited is a live company located in london, E14 9SG with a Companies House number of 05392974. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in March 2005, it's largest shareholder is www holding company ltd with a 100% stake. Switchware Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with declining growth in recent years.
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Switchware Limited Health Check
Pomanda's financial health check has awarded Switchware Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs
0 Strong
1 Regular
9 Weak
Size
annual sales of £3.2m, make it smaller than the average company (£12.9m)
£3.2m - Switchware Limited
£12.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (3.2%)
- Switchware Limited
3.2% - Industry AVG
Production
with a gross margin of 5.5%, this company has a higher cost of product (38.9%)
5.5% - Switchware Limited
38.9% - Industry AVG
Profitability
an operating margin of -42.8% make it less profitable than the average company (4.4%)
-42.8% - Switchware Limited
4.4% - Industry AVG
Employees
with 30 employees, this is below the industry average (50)
30 - Switchware Limited
50 - Industry AVG
Pay Structure
on an average salary of £64.7k, the company has an equivalent pay structure (£64.7k)
- Switchware Limited
£64.7k - Industry AVG
Efficiency
resulting in sales per employee of £106.8k, this is less efficient (£232.9k)
£106.8k - Switchware Limited
£232.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Switchware Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (44 days)
0 days - Switchware Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Switchware Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Switchware Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 153.4%, this is a higher level of debt than the average (66.1%)
153.4% - Switchware Limited
66.1% - Industry AVG
SWITCHWARE LIMITED financials
Switchware Limited's latest turnover from December 2022 is £3.2 million and the company has net assets of -£4.3 million. According to their latest financial statements, Switchware Limited has 30 employees and maintains cash reserves of £4.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,203,006 | 2,592,947 | 2,342,011 | 1,811,594 | 2,521,637 | 2,793,745 | 2,130,000 | |||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 3,026,241 | 2,477,858 | 2,362,752 | 1,635,204 | 2,161,088 | 2,228,595 | 1,746,433 | |||||||
| Gross Profit | 176,765 | 115,089 | -20,741 | 176,390 | 360,549 | 565,150 | 383,567 | |||||||
| Admin Expenses | 1,547,227 | 173,730 | -75,269 | 78,995 | 382,583 | 454,796 | 448,054 | |||||||
| Operating Profit | -1,370,462 | -58,641 | 54,528 | 97,395 | -22,034 | 110,354 | -64,487 | |||||||
| Interest Payable | 247 | |||||||||||||
| Interest Receivable | 44,483 | 59,107 | 47,833 | |||||||||||
| Pre-Tax Profit | -1,325,979 | 466 | 102,114 | 97,395 | -22,034 | 110,354 | -64,487 | |||||||
| Tax | -4,784 | |||||||||||||
| Profit After Tax | -1,325,979 | 466 | 97,330 | 97,395 | -22,034 | 110,354 | -64,487 | |||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | -1,325,979 | 466 | 97,330 | 97,395 | -22,034 | 110,354 | -64,487 | |||||||
| Employee Costs | 1,599,924 | |||||||||||||
| Number Of Employees | 30 | 30 | 30 | 32 | 32 | 34 | 33 | 34 | ||||||
| EBITDA* | -1,370,257 | -58,641 | 54,528 | 97,395 | -20,571 | 112,924 | -60,205 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,140 | 1,463 | 4,033 | 8,314 | 12,565 | 16,790 | 2,483,788 | |||||||
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | 840,341 | 857,495 | 675,689 | 548,252 | 360,783 | 443,748 | ||||||||
| Total Fixed Assets | 841,481 | 857,495 | 675,689 | 548,252 | 360,783 | 443,748 | 1,463 | 4,033 | 8,314 | 12,565 | 16,790 | 2,483,788 | ||
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 20,684 | 34,039 | 6,184,683 | 4,415,482 | 5,905,976 | |||||||||
| Group Debtors | 7,162,101 | 8,056,137 | 7,844,289 | 9,251,437 | 9,253,733 | 9,529,026 | 4,893,007 | 3,077,238 | 2,718,182 | 2,104,065 | 5,869,096 | |||
| Misc Debtors | 33,949 | 154,274 | 144,056 | 216,373 | 307,656 | 189,374 | 5,558,190 | 6,662,543 | 5,685,950 | 4,971,578 | 165,647 | |||
| Cash | 4,203 | 17,854 | 21,359 | 4,018 | 5,773 | 10,674 | 7,028 | 3,399 | 6,609 | 1,398 | 3,196 | 5,160 | 2,963 | 1,183 |
| misc current assets | ||||||||||||||
| total current assets | 7,200,253 | 8,228,265 | 8,009,704 | 9,471,828 | 9,567,162 | 9,729,074 | 10,458,225 | 9,763,864 | 8,444,780 | 7,077,041 | 6,037,939 | 6,189,843 | 4,418,445 | 5,907,159 |
| total assets | 8,041,734 | 9,085,760 | 8,685,393 | 10,020,080 | 9,927,945 | 10,172,822 | 10,458,225 | 9,763,864 | 8,446,243 | 7,081,074 | 6,046,253 | 6,202,408 | 4,435,235 | 8,390,947 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 456 | 9,928 | 9,860 | 6,559 | 8,148 | 28,531 | 38,041 | 48,570 | 114,886 | 68,741 | 26,683 | 8,621,452 | 7,172,196 | 8,618,953 |
| Group/Directors Accounts | 11,989,125 | 11,659,365 | 11,468,712 | 12,750,191 | 12,738,917 | 12,783,607 | 12,004,791 | 11,474,358 | 10,159,236 | 8,989,478 | 7,895,681 | |||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 342,348 | 380,683 | 171,503 | 325,342 | 346,851 | 274,390 | 659,253 | 582,191 | 491,342 | 452,430 | 488,977 | |||
| total current liabilities | 12,331,929 | 12,049,976 | 11,650,075 | 13,082,092 | 13,093,916 | 13,086,528 | 12,702,085 | 12,105,119 | 10,765,464 | 9,510,649 | 8,411,341 | 8,621,452 | 7,172,196 | 8,618,953 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 64,130 | 64,130 | ||||||||||||
| total long term liabilities | 64,130 | 64,130 | ||||||||||||
| total liabilities | 12,331,929 | 12,049,976 | 11,650,075 | 13,082,092 | 13,093,916 | 13,086,528 | 12,702,085 | 12,105,119 | 10,765,464 | 9,510,649 | 8,411,341 | 8,621,452 | 7,236,326 | 8,683,083 |
| net assets | -4,290,195 | -2,964,216 | -2,964,682 | -3,062,012 | -3,165,971 | -2,913,706 | -2,243,860 | -2,341,255 | -2,319,221 | -2,429,575 | -2,365,088 | -2,419,044 | -2,801,091 | -292,136 |
| total shareholders funds | -4,290,195 | -2,964,216 | -2,964,682 | -3,062,012 | -3,165,971 | -2,913,706 | -2,243,860 | -2,341,255 | -2,319,221 | -2,429,575 | -2,365,088 | -2,419,044 | -2,801,091 | -292,136 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -1,370,462 | -58,641 | 54,528 | 97,395 | -22,034 | 110,354 | -64,487 | |||||||
| Depreciation | 205 | 1,463 | 2,570 | 4,282 | 4,251 | 10,353 | 2,189,635 | 827,807 | ||||||
| Amortisation | ||||||||||||||
| Tax | -4,784 | |||||||||||||
| Stock | ||||||||||||||
| Debtors | -1,031,515 | 403,872 | -1,352,028 | 93,890 | -239,976 | -289,049 | 2,013,026 | 1,322,294 | 1,362,528 | 1,040,900 | -149,940 | 1,769,201 | -1,490,494 | 5,905,976 |
| Creditors | -9,472 | 68 | 3,301 | -1,589 | -20,383 | -9,510 | -76,845 | -66,316 | 46,145 | 42,058 | -8,594,769 | 1,449,256 | -1,446,757 | 8,618,953 |
| Accruals and Deferred Income | -38,335 | 209,180 | -153,839 | -21,509 | 72,461 | -384,863 | 167,911 | 90,849 | 38,912 | -36,547 | 488,977 | |||
| Deferred Taxes & Provisions | -64,130 | 64,130 | ||||||||||||
| Cash flow from operations | -386,549 | -253,265 | 1,251,234 | -1,824,565 | -1,318,332 | -1,164,547 | -1,095,594 | |||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 329,760 | 190,653 | -1,281,479 | 11,274 | -44,690 | 778,816 | 1,845,555 | 1,315,122 | 1,169,758 | 1,093,797 | 7,895,681 | |||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | 44,483 | 59,107 | 47,586 | |||||||||||
| cash flow from financing | 374,243 | 249,760 | -1,233,893 | 1,823,521 | 1,315,122 | 1,169,758 | 1,093,797 | |||||||
| cash and cash equivalents | ||||||||||||||
| cash | -13,651 | -3,505 | 17,341 | -1,755 | -4,901 | 3,646 | 419 | -3,210 | 5,211 | -1,798 | -1,964 | 2,197 | 1,780 | 1,183 |
| overdraft | ||||||||||||||
| change in cash | -13,651 | -3,505 | 17,341 | -1,755 | -4,901 | 3,646 | 419 | -3,210 | 5,211 | -1,798 | -1,964 | 2,197 | 1,780 | 1,183 |
switchware limited Credit Report and Business Information
Switchware Limited Competitor Analysis
Perform a competitor analysis for switchware limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in E14 area or any other competitors across 12 key performance metrics.
switchware limited Ownership
SWITCHWARE LIMITED group structure
Switchware Limited has no subsidiary companies.
switchware limited directors
Switchware Limited currently has 1 director, Mr Kulaweerasinsham Vibushanan serving since Oct 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kulaweerasinsham Vibushanan | 46 years | Oct 2019 | - | Director |
P&L
December 2022turnover
3.2m
+24%
operating profit
-1.4m
+2237%
gross margin
5.6%
+24.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-4.3m
+0.45%
total assets
8m
-0.11%
cash
4.2k
-0.76%
net assets
Total assets minus all liabilities
Similar Companies
switchware limited company details
company number
05392974
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
March 2005
age
20
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
PKF LITTLEJOHN LLP
address
3rd floor walbrook building, 195 marsh wall, london, E14 9SG
Bank
-
Legal Advisor
-
switchware limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 1 charges/mortgages relating to switchware limited. Currently there are 1 open charges and 0 have been satisfied in the past.
switchware limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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switchware limited Companies House Filings - See Documents
| date | description | view/download |
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