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Quantum Switch Europe Ltd

15700065

active
ltd
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)

Details

Suite 702 Eagle Tower Montpellier Drive, Cheltenham, GL50 1TA
Incorporated 02/05/2024

Previously known as

Quantum Switch Nordics Limited · until 14/05/2024

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 01/05/2026

Due 15/05/2027

On track

Industry

64209
Activities of other holding companies

Officers

Mr Richard William Bailey

director · Since 02/05/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 5 other boards

Mr Timothy Fraser Bawtree

director · Since 02/05/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 21 other boards

Richard William Bailey

director · Since 02/05/2024

British · England · Age 52

Timothy Fraser Bawtree

director · Since 02/05/2024

British · England · Age 55

Persons with Significant Control

Mr Timothy Fraser Bawtree

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

British · England · Age 55

Suite 702 Eagle Tower, Montpellier Drive, Cheltenham, GL50 1TA

Notified 02/05/2024

Change History

statusactive
2026-08-17

Active

typeltd
2026-08-17

Private Limited Company

address line1Suite 702 Eagle Tower Montpellier Drive
2026-08-17

SUITE 702 EAGLE TOWER

post townCheltenham
2026-08-17

CHELTENHAM

officer appointedBAILEY, Richard William
2026-08-17
officer appointedBAWTREE, Timothy Fraser
2026-08-17

CompanyRankvs 61720+ SIC 64209 peers
27

Financial strength5th percentile among SIC peers · 1/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.99× · 6/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength1/25 pts

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

Employees3/15 pts

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

Liquidity6/20 pts

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

Longevity2/15 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

£1.1M

Annual revenue

Net Worth

-£28k

Balance sheet strength

Cash

£1.5M

Cash in the bank

Profit Before Tax

-£28k

Bottom line earnings

Net Current Assets

-£28k

Working capital

Current Assets

£3.2M

Current Liabilities

£3.2M

Debtors

£1.6M

Gross Profit

£1.1M

Admin Expenses

£1.1M

Operating Profit

-£28k

Profit After Tax

-£28k

0avg. employees

Balance Sheet

Assets less current liabilities-£28k
Prepared with Sage Accounts Production Advanced 2024 - FRS102_2024

EstimatesDerived

YearCurrent Ratio
20240.99

Derived from filed accounts. Not audited figures.