Switch2 Energy Limited
02409803
Healthy
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Previously known as
Compliance
Last accounts
31/03/2025
full
Next accounts due
31/12/2026
Confirmation statement
Last: 16/03/2026
Due 30/03/2027
Industry
Officers
Former
director · Resigned 28/05/2015
director · Resigned 30/09/2016
director · Resigned 31/05/2017
director · Resigned 22/03/2018
director · Resigned 26/06/2018
secretary · Resigned 28/06/2018
director · Resigned 10/01/2020
director · Resigned 19/06/2020
director · Resigned 11/12/2020
director · Resigned 21/12/2021
director · Resigned 02/08/2024
Persons with Significant Control
Mr Timothy Hays Scott
British · Jersey · Age 76
The Waterfront, Salts Mill Road, Shipley, BD17 7EZ
Notified 20/06/2018
Mr Nikolaus Thomas Wilhelm
Liechtenstein Citizen · Liechtenstein · Age 50
Lova-Center, PO BOX 1150, 9490 Vaduz, N/A
Notified 20/06/2018
Thomas Haas
Liechtenstein Citizen · Liechtenstein · Age 45
Lova Centre, PO BOX 1150, Vaduz, 9490
Notified 02/03/2026
Former PSCs
Switch2 Holdings Limited
Ceased 13/04/2018
Switch2 Udh Limited
Ceased 20/06/2018
Martin Lothar Ernst Hornig
Ceased 20/06/2018
Dr Thomas Martin Joseph Wilhelm
Ceased 15/06/2024
Alexandra Maria Oberhuber-Wilhelm
Ceased 02/03/2026
Charges0 outstanding
BARCLAYS BANK PLC
Change History
Active
Private Limited Company
THE WATERFRONT
SHIPLEY
CompanyRankvs 54+ SIC 43220 peers80
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company ’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going c
Key FinancialsYear ending 31/03/2025
Turnover
£28.3M
Annual revenue
Net Worth
£10.9M
Balance sheet strength
Cash
£2.8M
Cash in the bank
Profit Before Tax
£1.7M
Bottom line earnings
Net Current Assets
£7.8M
Working capital
Current Assets
£13.5M
Current Liabilities
£5.7M
Fixed Assets
£4.7M
Debtors
£697k
Cost of Sales
£13.5M
Gross Profit
£14.8M
Admin Expenses
£13.1M
Operating Profit
£1.7M
Profit After Tax
£1.3M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.36 | +£1.3M |
| 2024 | 2.26 | — |
Derived from filed accounts. Not audited figures.