Switch Wholesale Ltd

Switch Wholesale Ltd, based in Cardiff, UK, is a small, active company founded nine years ago. Despite its active status, the company has overdue accounts for three years and confirmation statements for two, a situation that might cause concern. Employing seven people and holding assets of £210,849, it operates from a real address and is managed by one director and owner. The company is a regular importer of electrical machinery and equipment, with recent activity recorded three months ago.

The company’s website, Switch Electrical Wholesale, showcases a comprehensive online store catering to the electrical trade. It’s not strictly e-commerce in the sense of direct-to-consumer sales, but rather a platform for wholesale distribution. The site lists a vast array of products, including cables, accessories, lighting, power distribution, and tools, targeting electrical contractors and businesses. It also offers credit accounts and supplier brands, indicating a B2B focus. The site's extensive product categories and detailed specifications suggest a well-stocked inventory and a commitment to serving the electrical trade.

Financially, Switch Wholesale Ltd presents a mixed picture. Net assets have decreased significantly, dropping from £-160,000 to £-160,000, which is a concerning trend. Cash reserves have also declined, and trade creditors have increased, suggesting potential cash flow challenges. While the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 20 employees) allows for agility, the negative equity and increased liabilities are worrying. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on director-reported data.

The company’s reliance on imports and the current economic climate could be contributing to these financial pressures. While the website appears professional and well-maintained, the underlying financial health needs careful monitoring.

Registered in England/Wales under the registration number 10032288, with a registered address at CF10 4RH, Wales, Cardiff, 454 Altair House Falcon Drive.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.