switch electronics limited
switch electronics limited Company Information
Company Number
09300503
Next Accounts
Aug 2025
Industry
Retail sale via mail order houses or via Internet
Shareholders
benjamin george ewart
Group Structure
View All
Contact
Registered Address
unit g rotterdam park, hull, HU7 0AN
Website
www.switchelectronics.co.ukswitch electronics limited Estimated Valuation
Pomanda estimates the enterprise value of SWITCH ELECTRONICS LIMITED at £298.2k based on a Turnover of £894.6k and 0.33x industry multiple (adjusted for size and gross margin).
switch electronics limited Estimated Valuation
Pomanda estimates the enterprise value of SWITCH ELECTRONICS LIMITED at £437.3k based on an EBITDA of £113.7k and a 3.85x industry multiple (adjusted for size and gross margin).
switch electronics limited Estimated Valuation
Pomanda estimates the enterprise value of SWITCH ELECTRONICS LIMITED at £1.5m based on Net Assets of £644.1k and 2.27x industry multiple (adjusted for liquidity).
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Switch Electronics Limited Overview
Switch Electronics Limited is a live company located in hull, HU7 0AN with a Companies House number of 09300503. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in November 2014, it's largest shareholder is benjamin george ewart with a 100% stake. Switch Electronics Limited is a established, small sized company, Pomanda has estimated its turnover at £894.6k with high growth in recent years.
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Switch Electronics Limited Health Check
Pomanda's financial health check has awarded Switch Electronics Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £894.6k, make it larger than the average company (£326k)
- Switch Electronics Limited
£326k - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (5.3%)
- Switch Electronics Limited
5.3% - Industry AVG
Production
with a gross margin of 36.7%, this company has a comparable cost of product (36.7%)
- Switch Electronics Limited
36.7% - Industry AVG
Profitability
an operating margin of 12.2% make it more profitable than the average company (1.9%)
- Switch Electronics Limited
1.9% - Industry AVG
Employees
with 6 employees, this is above the industry average (4)
6 - Switch Electronics Limited
4 - Industry AVG
Pay Structure
on an average salary of £27.8k, the company has an equivalent pay structure (£27.8k)
- Switch Electronics Limited
£27.8k - Industry AVG
Efficiency
resulting in sales per employee of £149.1k, this is equally as efficient (£157.5k)
- Switch Electronics Limited
£157.5k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (21 days)
- Switch Electronics Limited
21 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Switch Electronics Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 466 days, this is more than average (83 days)
- Switch Electronics Limited
83 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (18 weeks)
0 weeks - Switch Electronics Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.9%, this is a lower level of debt than the average (73.2%)
15.9% - Switch Electronics Limited
73.2% - Industry AVG
SWITCH ELECTRONICS LIMITED financials
Switch Electronics Limited's latest turnover from November 2023 is estimated at £894.6 thousand and the company has net assets of £644.1 thousand. According to their latest financial statements, Switch Electronics Limited has 6 employees and maintains cash reserves of £2.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 6 | 6 | 6 | 6 | 6 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 23,574 | 23,187 | 27,278 | 15,205 | 12,102 | 14,237 | 14,603 | 5,741 | 6,754 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 23,574 | 23,187 | 27,278 | 15,205 | 12,102 | 14,237 | 14,603 | 5,741 | 6,754 |
| Stock & work in progress | 723,952 | 656,101 | 514,828 | 299,689 | 208,004 | 0 | 0 | 0 | 34,475 |
| Trade Debtors | 16,329 | 29,811 | 19,492 | 7,461 | 8,075 | 229,132 | 171,452 | 138,185 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 1,250 | 82,271 | 1,250 | 0 | 0 | 0 | 0 |
| Cash | 2,091 | 0 | 31,556 | 37,690 | 91,198 | 0 | 0 | 0 | 33,960 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 4,500 | 4,500 | 0 | 0 |
| total current assets | 742,372 | 685,912 | 567,126 | 427,111 | 308,527 | 233,632 | 175,952 | 138,185 | 68,435 |
| total assets | 765,946 | 709,099 | 594,404 | 442,316 | 320,629 | 247,869 | 190,555 | 143,926 | 75,189 |
| Bank overdraft | 75 | 21,959 | 852 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 20,367 | 14,188 | 13,631 | 7,215 | 28,818 | 46,219 | 35,303 | 8,374 |
| Group/Directors Accounts | 60,663 | 33,980 | 37,500 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 61,148 | 70,003 | 37,880 | 51,081 | 37,911 | 0 | 0 | 0 | 0 |
| total current liabilities | 121,886 | 146,309 | 90,420 | 64,712 | 45,126 | 28,818 | 46,219 | 35,303 | 8,374 |
| loans | 0 | 0 | 0 | 0 | 15,015 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 7,382 | 2,425 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 43,015 | 43,015 | 52,495 | 62,022 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 15,015 | 50,397 | 45,440 | 52,495 | 62,022 |
| total liabilities | 121,886 | 146,309 | 90,420 | 64,712 | 60,141 | 79,215 | 91,659 | 87,798 | 70,396 |
| net assets | 644,060 | 562,790 | 503,984 | 377,604 | 260,488 | 168,654 | 98,896 | 56,128 | 4,793 |
| total shareholders funds | 644,060 | 562,790 | 503,984 | 377,604 | 260,488 | 168,654 | 98,896 | 56,128 | 4,793 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 4,159 | 4,091 | 1,191 | ||||||
| Amortisation | 0 | 0 | 0 | ||||||
| Tax | |||||||||
| Stock | 67,851 | 141,273 | 215,139 | 91,685 | 208,004 | 0 | 0 | -34,475 | 34,475 |
| Debtors | -13,482 | 9,069 | -68,990 | 80,407 | -219,807 | 57,680 | 33,267 | 138,185 | 0 |
| Creditors | -20,367 | 6,179 | 557 | 6,416 | -21,603 | -17,401 | 10,916 | 26,929 | 8,374 |
| Accruals and Deferred Income | -8,855 | 32,123 | -13,201 | 13,170 | 30,529 | 4,957 | 2,425 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 26,683 | -3,520 | 37,500 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -15,015 | 15,015 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -43,015 | 0 | -9,480 | -9,527 | 62,022 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 2,091 | -31,556 | -6,134 | -53,508 | 91,198 | 0 | 0 | -33,960 | 33,960 |
| overdraft | -21,884 | 21,107 | 852 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 23,975 | -52,663 | -6,986 | -53,508 | 91,198 | 0 | 0 | -33,960 | 33,960 |
switch electronics limited Credit Report and Business Information
Switch Electronics Limited Competitor Analysis
Perform a competitor analysis for switch electronics limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in HU7 area or any other competitors across 12 key performance metrics.
switch electronics limited Ownership
SWITCH ELECTRONICS LIMITED group structure
Switch Electronics Limited has no subsidiary companies.
Ultimate parent company
SWITCH ELECTRONICS LIMITED
09300503
switch electronics limited directors
Switch Electronics Limited currently has 2 directors. The longest serving directors include Mr Benjamin Ewart (Nov 2014) and Miss Hannah Ewart (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Benjamin Ewart | England | 31 years | Nov 2014 | - | Director |
| Miss Hannah Ewart | England | 31 years | Mar 2024 | - | Director |
P&L
November 2023turnover
894.6k
+25%
operating profit
109.5k
0%
gross margin
36.7%
-0.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
644.1k
+0.14%
total assets
765.9k
+0.08%
cash
2.1k
0%
net assets
Total assets minus all liabilities
Similar Companies
switch electronics limited company details
company number
09300503
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
November 2014
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
N/A
accountant
B S PANESAR & ASSOCIATES LTD
auditor
-
address
unit g rotterdam park, hull, HU7 0AN
Bank
-
Legal Advisor
-
switch electronics 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 did not find charges/mortgages relating to switch electronics limited.
switch electronics 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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switch electronics limited Companies House Filings - See Documents
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