Switch Electrical Wholesale Limited

Switch Electrical Wholesale Ltd, based in Peterborough, UK, is a sizable company with an active status, having operated for fifteen years. Employing forty-nine people and holding assets valued at £4,753,693, the company generates a yearly revenue of £14,640,086. It’s a holding company with two directors and one owner, regularly exporting electrical machinery and equipment—a practice spanning 120 months, with the most recent export occurring in November 2024.

The company’s website, salesswitchelectricalsupplies.co.uk, reveals a comprehensive e-commerce operation. It offers a vast range of electrical supplies, from books and cables to circuit protection, lighting, and tools. The site’s layout is clean and well-organized, with clear product categories and a search function. It also includes a credit account application form, demonstrating a focus on business customers. The website is clearly set up to sell products directly to consumers and businesses alike.

Financially, Switch Electrical Wholesale Ltd shows some concerning trends. Accrued liabilities have increased dramatically by 430%, reaching £110,000, while depreciation on furniture fittings has risen by 52%. However, cash bank on hand has decreased by 6.5% to £850,000. The company’s administrative expenses increased by 18%, suggesting higher operational costs. On a positive note, the company’s revenue increased by 2.2%, reaching £15 million, and the net assets increased by 8.5% to £1.6 million. The company’s turnover is above £36 million, and the balance sheet total is above £18 million, confirming its status as a large company. The company’s auditor is SBCA Statutory Auditor.

Overall, Switch Electrical Wholesale Ltd appears to be a well-established electrical supply distributor with a strong online presence. While the increase in accrued liabilities and administrative expenses warrants attention, the company’s solid revenue growth and sizable asset base suggest it remains financially viable. The trend of increasing expenses, however, may be something to watch in the coming years.

Registered in England/Wales under the registration number 06925689, with a registered address at PE1 5YD, England, Peterborough, Cambridgeshire, Newark Road.

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