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Green Switch Limited

13071306

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)

Details

281 MARE STREET, LONDON, E8 1GR
Incorporated 08/12/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47640
Retail sale of sports goods, fishing gear, camping goods, boats and bicycles

Officers

Mr Timothy John Carrigan

director · Since 08/12/2020

COMPANY DIRECTOR

ENGLISH,AUSTRALIAN · ENGLAND · Age 61

Also on 7 other boards

Mr Steven Andrew Ellis

director · Since 08/12/2020

FINANCIAL CONSULTANT

BRITISH · AUSTRALIA · Age 52

Persons with Significant Control

Mr Timothy John Carrigan

25–50% shares
25–50% votes

English,Australian · England · Age 61

281, Mare Street, London, E8 1GR

Notified 08/12/2020

Ellis Nominees (Wa) Pty Limited

25–50% shares

2, Federal St, Perth

Reg: Abn 57833694860 · Asic'S Registers · Limited Company

Notified 31/08/2021

Eldon Capital Management Limited

25–50% shares

96, Kensington High Street, London, W8 4SG

Reg: 09535354 · Companies House · Limited Company

Notified 10/11/2021

Former PSCs

Mr Steven Andrew Ellis

Ceased 31/08/2021

CompanyRankvs 2434+ SIC 47640 peers
55

Financial strength1th percentile among SIC peers · 0/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.02× · 20/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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2434Green Switch Limited
54
How is this score calculated?
Financial strength0/25 pts

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

Employees14/15 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.

Longevity6/15 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.

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

Key FinancialsYear ending 31/12/2024

Turnover

£783k

Annual revenue

Net Worth

-£293k

Balance sheet strength

Cash

£62k

Cash in the bank

Profit Before Tax

-£680k

Bottom line earnings

Net Current Assets

£1.2M

Working capital

Current Assets

£1.8M

Current Liabilities

£592k

Fixed Assets

£4k

Debtors

£1.2M

Cost of Sales

£336k

Gross Profit

£446k

Admin Expenses

£859k

Operating Profit

-£411k

Profit After Tax

-£610k

6avg. employees+2

Balance Sheet

Intangible assets£1k
Assets less current liabilities£1.2M
Signed by Mr S Ellis 30th May 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20243.02+£58k
20230.16-£207k
20220.23-£307k
20215.09—

Derived from filed accounts. Not audited figures.