Pomanda estimates the enterprise value of SWITCHEE LIMITED at £6.4m based on a Turnover of £10.9m and 0.59x industry multiple (adjusted for size and gross margin).
switchee limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of SWITCHEE LIMITED at £0 based on an EBITDA of £-2.1m and a 4.61x industry multiple (adjusted for size and gross margin).
switchee limitedEstimated Valuation
£7.8m
Pomanda estimates the enterprise value of SWITCHEE LIMITED at £7.8m based on Net Assets of £4.3m and 1.83x industry multiple (adjusted for liquidity).
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Switchee LimitedOverview
Switchee Limited is a live company located in london, SE1 1RU with a Companies House number of 09123710. It operates in the manufacture of telegraph and telephone apparatus and equipment sector, SIC Code 26301. Founded in July 2014, it's largest shareholder is
adam fudakowski
with a 32.6% stake. Switchee Limited is a established,
mid sized company, Pomanda has estimated its turnover at
£10.9m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Switchee Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
3 Strong
6 Regular
3 Weak
Size
annual sales of £10.9m, make it in line with the average company (£13.5m)
£10.9m - Switchee Limited
£13.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (7.1%)
53% - Switchee Limited
7.1% - Industry AVG
Production
with a gross margin of 30%, this company has a comparable cost of product (30%)
30% - Switchee Limited
30% - Industry AVG
Profitability
an operating margin of -19.2% make it less profitable than the average company (5.6%)
-19.2% - Switchee Limited
5.6% - Industry AVG
Employees
with 46 employees, this is similar to the industry average (43)
46 - Switchee Limited
43 - Industry AVG
Pay Structure
on an average salary of £55.1k, the company has an equivalent pay structure (£55.1k)
£55.1k - Switchee Limited
£55.1k - Industry AVG
Efficiency
resulting in sales per employee of £237.2k, this is less efficient (£361.7k)
£237.2k - Switchee Limited
£361.7k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (58 days)
74 days - Switchee Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is close to average (32 days)
30 days - Switchee Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 42 days, this is less than average (83 days)
42 days - Switchee Limited
83 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 62 weeks, this is more cash available to meet short term requirements (18 weeks)
62 weeks - Switchee Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.2%, this is a similar level of debt than the average (48.4%)
44.2% - Switchee Limited
48.4% - Industry AVG
SWITCHEE LIMITED financials
EXPORT
Switchee Limited's latest turnover from April 2023 is estimated at £10.9 million and the company has net assets of £4.3 million. According to their latest financial statements, Switchee Limited has 46 employees and maintains cash reserves of £4 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Turnover
10,910,507
5,460,021
3,055,295
3,071,054
2,489,602
1,632,342
888,882
698,643
1,115
Other Income Or Grants
Cost Of Sales
7,637,610
3,974,830
2,192,075
2,206,204
1,768,075
1,185,155
649,577
493,629
785
Gross Profit
3,272,897
1,485,190
863,220
864,849
721,527
447,186
239,304
205,014
329
Admin Expenses
5,371,706
2,733,732
1,907,753
1,839,410
1,001,007
909,483
748,358
359,121
8,636
Operating Profit
-2,098,809
-1,248,542
-1,044,533
-974,561
-279,480
-462,297
-509,054
-154,107
-8,307
Interest Payable
3,961
3,076
1,525
Interest Receivable
100,312
7,276
1,610
1,118
5,258
3,577
599
431
5
Pre-Tax Profit
-2,002,458
-1,244,342
-1,044,448
-973,443
-274,222
-458,720
-508,455
-153,676
-8,302
Tax
Profit After Tax
-2,002,458
-1,244,342
-1,044,448
-973,443
-274,222
-458,720
-508,455
-153,676
-8,302
Dividends Paid
Retained Profit
-2,002,458
-1,244,342
-1,044,448
-973,443
-274,222
-458,720
-508,455
-153,676
-8,302
Employee Costs
2,535,161
1,221,360
1,167,658
1,010,617
935,330
768,476
439,681
320,746
46,846
Number Of Employees
46
24
23
20
18
15
9
7
1
EBITDA*
-2,090,019
-1,236,787
-1,028,458
-959,049
-268,551
-457,100
-508,210
-153,992
-8,307
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Tangible Assets
32,281
5,426
9,092
24,477
23,803
13,031
2,278
608
Intangible Assets
32,339
12,059
13,942
16,405
18,831
21,255
4,040
4,502
Investments & Other
1
Debtors (Due After 1 year)
Total Fixed Assets
64,621
17,485
23,034
40,882
42,634
34,286
6,318
5,110
Stock & work in progress
884,842
236,344
377,051
495,289
473,816
25,870
120,250
Trade Debtors
2,217,451
1,268,415
437,408
391,953
185,942
144,816
61,684
7,762
10
Group Debtors
64,751
Misc Debtors
417,003
25,610
110,669
28,550
421,479
98,353
11,007
433,054
Cash
4,043,753
676,811
1,263,468
1,956,200
279,728
1,122,314
308,352
170,475
2,038
misc current assets
total current assets
7,627,800
2,207,180
2,188,596
2,871,992
1,360,965
1,391,353
501,293
611,291
2,048
total assets
7,692,421
2,224,665
2,211,630
2,912,874
1,403,599
1,425,639
507,611
616,401
2,048
Bank overdraft
Bank loan
10,000
10,000
9,167
Trade Creditors
636,934
268,596
97,879
248,671
248,217
79,033
14,230
46,492
350
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
2,730,160
1,330,402
823,280
702,325
149,396
66,398
38,527
100,369
total current liabilities
3,377,094
1,608,998
930,326
950,996
397,613
145,431
52,757
146,861
350
loans
26,135
31,148
40,833
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
26,135
31,148
40,833
total liabilities
3,403,229
1,640,146
971,159
950,996
397,613
145,431
52,757
146,861
350
net assets
4,289,192
584,519
1,240,471
1,961,878
1,005,986
1,280,208
454,854
469,540
1,698
total shareholders funds
4,289,192
584,519
1,240,471
1,961,878
1,005,986
1,280,208
454,854
469,540
1,698
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Operating Activities
Operating Profit
-2,098,809
-1,248,542
-1,044,533
-974,561
-279,480
-462,297
-509,054
-154,107
-8,307
Depreciation
5,324
9,872
13,612
13,086
8,505
2,771
382
Amortisation
3,466
1,883
2,463
2,426
2,424
2,426
462
115
Tax
Stock
648,498
-140,707
-118,238
21,473
447,946
-94,380
120,250
Debtors
1,405,180
745,948
127,574
-186,918
364,252
170,478
-368,125
440,806
10
Creditors
368,338
170,717
-150,792
454
169,184
64,803
-32,262
46,142
350
Accruals and Deferred Income
1,399,758
507,122
120,955
552,929
82,998
27,871
-61,842
100,369
Deferred Taxes & Provisions
Cash flow from operations
-2,375,601
-1,164,189
-1,067,631
-240,221
-828,567
-440,524
-354,439
-448,287
-7,967
Investing Activities
capital expenditure
-55,925
-6,206
1,773
-13,760
-19,277
-33,165
-2,052
-5,225
Change in Investments
1
cash flow from investments
-55,926
-6,206
1,773
-13,760
-19,277
-33,165
-2,052
-5,225
Financing Activities
Bank loans
833
9,167
Group/Directors Accounts
Other Short Term Loans
Long term loans
-5,013
-9,685
40,833
Hire Purchase and Lease Commitments
other long term liabilities
share issue
5,707,131
588,390
323,041
1,929,335
1,284,074
493,769
621,518
10,000
interest
96,351
4,200
85
1,118
5,258
3,577
599
431
5
cash flow from financing
5,798,469
583,738
373,126
1,930,453
5,258
1,287,651
494,368
621,949
10,005
cash and cash equivalents
cash
3,366,942
-586,657
-692,732
1,676,472
-842,586
813,962
137,877
168,437
2,038
overdraft
change in cash
3,366,942
-586,657
-692,732
1,676,472
-842,586
813,962
137,877
168,437
2,038
switchee limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for switchee limited. Get real-time insights into switchee limited's credit score, group structure and payment trends.
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switchee limited Ownership
SWITCHEE LIMITED group structure
Switchee Limited has no subsidiary companies.
Ultimate parent company
SWITCHEE LIMITED
09123710
SWITCHEE LIMITED Shareholders
The largest shareholders in Switchee Limited include Adam Fudakowski and Russell Macmillan.
adam fudakowski
32.64%
russell macmillan
32.49%
ian napier
32.44%
axa impact fund climate & biodiversity sa sicav-raif
0.7%
rosie hundley
0.24%
tt nominees limited
0.22%
jafico
0.16%
fair by design (gp) limited
0.15%
mnl nominees limited
0.1%
kub smart energy fund
0.07%
switchee limited directors
Switchee Limited currently has 5 directors.
The longest serving directors include
Mr Adam Fudakowski (Apr 2016) and
Mr Ian Nolan (Apr 2016).
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 did not find charges/mortgages relating to switchee limited.
switchee 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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switchee limitedCompanies House Filings - See Documents
