Green Switch Limited

Green Switch Limited is a small, holding company based in London, UK, with an active status. Founded four years ago in December 2020, it employs just two people and holds £66,756 in assets. The company is registered at a real address shared by only two other businesses, suggesting legitimacy. It has two directors and three owners, though the list of owners changed three years ago. Green Switch Limited operates as an irregular importer, primarily dealing in vehicles, parts, and accessories (excluding trains and trams), with its last import activity occurring over a year ago.

The company’s website reveals a mission-driven focus on net-zero carbon solutions, with its first product being an e-bike scheme called Blike. The site highlights a commitment to products, services, and technology aimed at addressing climate challenges. It also mentions being regulated by the Financial Conduct Authority.

Financially, Green Switch Limited presents a mixed picture. While average employee numbers increased by 100% to four, cash bank on hand dropped by nearly half to £6,600. Creditors, particularly those due within a year, increased significantly, rising 110% to £430,000. Debtor amounts also surged by 290% to £42,000. Equity, however, took a major hit, plummeting 120% to -£950,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor is typical for a small company, meaning the financial statements are unaudited.

The company's rapid growth in liabilities and substantial equity loss suggest it may be burning through cash to fuel expansion. However, the increased debtor amounts could indicate successful sales growth, albeit with delayed payments. It’s difficult to say for sure, but the company’s financial health appears precarious.

Registered in England/Wales under the registration number 13071306, with a registered address at E8 1GR, England, London, 281 Mare Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.