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Switchsure Finance Limited

05149688

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

THE PAVILION, HEDGE END, SO30 2AF
Incorporated 09/06/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47429
Retail sale of telecommunications equipment

Officers

Mr David Jason Fogelman

director · Since 09/06/2004

ELECTRICAL RETAILER

BRITISH · ENGLAND · Age 56

Also on 15 other boards

Mr Robert Charles Wickings

director · Since 24/11/2007

ENGINEER

BRITISH · ENGLAND · Age 60

Also on 15 other boards

Mr Paul William Dellow

director · Since 03/01/2023

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 11 other boards

Persons with Significant Control

Scci Group Limited

75–100% shares
75–100% votes
Appoint directors

The Pavilion, Grange Drive, Southampton, SO30 2AF

Reg: 06089974 · England And Wales · Limited Company

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

GLAS TRUST CORPORATION LIMITED

Created 19/01/2024Registered 22/01/2024
Charge
satisfied

BARCLAYS BANK PLC

Created 05/10/2021Registered 13/10/2021Satisfied 18/01/2024
charge
satisfied

BARCLAYS BANK PLC

Created 11/02/2011Registered 19/02/2011Satisfied 18/01/2024
charge
satisfied

BARCLAYS BANK PLC

Created 24/09/2009Registered 02/10/2009Satisfied 12/01/2024
charge
satisfied

BARCLAYS BANK PLC

Created 24/09/2009Registered 02/10/2009Satisfied 12/01/2024
charge
satisfied

BARCLAYS BANK PLC

Created 18/09/2008Registered 20/09/2008Satisfied 12/01/2024

CompanyRankvs 2010+ SIC 47429 peers
67

Financial strength100th percentile among SIC peers · 25/25
Employees16th percentile among SIC peers · 2/15
LiquidityCurrent ratio 4.57× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/05/2025

Net Worth

£2.2M

Balance sheet strength

Cash

£68

Cash in the bank

Net Current Assets

£2.9M

Working capital

Current Assets

£3.7M

Current Liabilities

£800k

Debtors

£3.7M

0avg. employees

Tax at Year End(2023)

Corp tax£0

Balance Sheet

Assets less current liabilities£2.9M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20254.57+£0
20254.57+£259k
20243.96+£467k
20233.05+£389k
20222.58+£340k
20212.65

Derived from filed accounts. Not audited figures.