Swytch Technology Ltd
10932147
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/03/2025
group
Next accounts due
31/12/2026
Confirmation statement
Last: 07/03/2026
Due 21/03/2027
Industry
Officers
director · Since 09/01/2019
NON EXECUTIVE DIRECTOR
BRITISH · ENGLAND · Age 65
Also on 2 other boards
director · Since 01/08/2022
DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 1 other board
Former
director · Resigned 01/05/2019
director · Resigned 18/08/2025
director · Resigned 18/08/2025
director · Resigned 30/11/2025
Persons with Significant Control
Former PSCs
Panda Bikes Ltd
Ceased 01/09/2017
Mr Oliver Montague
Ceased 26/11/2025
Charges1 outstanding
SIMON BRAGG
GLIF LD LP ACTING BY ITS GENERAL PARTNER GLIF LD GP LTD
Change History
Active
Private Limited Company
UNIT 2A
LONDON
CompanyRankvs 159+ SIC 30920 peers21
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
arise from contractual or other legal rights. Where the fair value of contingent liabilities cannot be reliably measured they are disclosed on the same basis as other contingent liabilities. 2.4. Going Concern Disclosure The company assesses its ability to continue operations as a going concern. The directors have conducted a comprehensive review of the company's financial position, cash flow
Key FinancialsYear ending 31/03/2025
Turnover
£8.5M
Annual revenue
Net Worth
-£2.2M
Balance sheet strength
Cash
£141k
Cash in the bank
Profit Before Tax
-£1.7M
Bottom line earnings
Net Current Assets
-£1.9M
Working capital
Current Assets
£1.4M
Current Liabilities
£3.3M
Fixed Assets
£553k
Debtors
£291k
Cost of Sales
£4.6M
Gross Profit
£3.9M
Admin Expenses
£5.5M
Operating Profit
-£1.6M
Profit After Tax
-£1.5M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.42 | +£0 |
| 2025 | 0.42 | -£652k |
| 2024 | 0.63 | -£2.3M |
| 2023 | 1.06 | — |
Derived from filed accounts. Not audited figures.