SWITCHSHOP LIMITED

1. SWITCHSHOP LIMITED 2001-01-16 → present
2. LIBRA RESOURCES LIMITED 1999-05-14 → 2001-01-16

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Rayner Essex LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, 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.”

Significant events

• “The Directors can report that the business year (June 2024 to May 2025) proved to be a more challenging trading period with turnover decreasing from £40.7m to £30.2m in 2025.”
• “The company has seen a reduction in profitability in 2025 with operating profits of £625,111 (2024: £4,796,011).”
• “The principle causes of the reduction in revenue and profitability were a) political uncertainty (as a result of the general election) delaying funding programmes and spending decisions for many public sector entities b) the delay to the commencement of several major projects (where costs had been incurred internally to prepare for the projects) and c) delays in the procurement processes for replacing existing procurement frameworks.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +8.6%

  £4,216,591 → £4,579,413

  highest in 5 filed years

• Net assets

  -20.5%

  £7,446,536 → £5,922,780

• Employees

  +11.4%

  70 → 78

  highest in 5 filed years

• Profit before tax

  -87.2%

  £4,775,602 → £611,016

  lowest in 5 filed years

• Wages

  +9.8%

  £4,378,217 → £4,807,409

  highest in 5 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers