Switch Networks Ltd

Switch Networks Ltd, based in Malton, UK, is a small, family-run business with an active status, having been founded thirteen years ago. The company employs nine people and holds £382,901 in assets. With two directors and four owners, it operates from a real address and enjoys a stellar 5.0 Google rating based on 43 reviews. It's an irregular importer of electrical machinery and equipment, with just one month of imports recorded as of March 2022.

The company's website highlights a comprehensive suite of telecommunications and IT services, ranging from CCTV installation and data networking to cloud solutions and business phone systems. It's clear that Switch Networks isn’t an e-commerce business; instead, it’s a service provider catering to businesses in the region. The site emphasizes its local presence, over 50 years of combined experience, and a partnership-driven approach, suggesting a focus on building long-term relationships with clients. It even offers a free eBook download about its services.

Financially, Switch Networks Ltd shows a mixed picture. Cash reserves increased by a substantial 58%, reaching £270,000, and current assets grew by 43% to £380,000. However, creditors surged by a significant 120%, reaching £290,000, and net assets dropped by 9% to £150,000. Debtors also increased, rising 63% to £91,000. The company meets the criteria to be considered a small company—with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—and is exempt from an audit. The increase in creditors, while concerning, could reflect investment in growth or changes in payment terms. It’s a small company, so it’s likely that it’s been growing and expanding its business.

Registered in England/Wales under the registration number 08059305, with a registered address at YO17 6QX, Malton, North Yorkshire, Unit 1b Park Farm Courtyard, Easthorpe.

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