Switchshop Limited

Switchshop Ltd from Hitchin UK is a large, holding company with an active status, celebrating 25 years since its founding. Employing 57 people and boasting assets of £15,194,221, the company operates from a real address and is overseen by three directors and one owner. Its Google rating stands at a perfect 5.0 based on 11 reviews. The company regularly imports electrical machinery and equipment (for 35 months), and has occasionally exported similar items (for 1 month).

Switchshop Ltd is a specialist in IT networking, security, and VoIP telephony hardware and solutions. As a leading UK reseller, it prides itself on strong partnerships with industry-leading vendors and a technically-led approach. The company’s website highlights its expertise in switches, wireless solutions, cybersecurity, servers, storage, and IP telephony, catering to sectors like healthcare, government, education, hospitality, and transport. It even offers managed services and help desk support.

Financially, Switchshop Ltd shows some interesting trends. Current assets have increased by a substantial 30% to £15,000,000, which is good news. However, net assets have jumped by a significant 40% to £7,400,000, and bank borrowings have decreased by 3.4% to £180,000. Staff costs have increased by 23%, reflecting the company’s growth. The company’s size (meeting two of three criteria for a large company) suggests it’s navigating a competitive market. The unaudited financial statements, prepared using CCH Software, don’t mention an auditor.

The increase in staff costs and the growth in assets could be a result of increased demand for IT services, but the decrease in bank borrowings suggests the company is managing its debt effectively. It’s likely that Switchshop Ltd is experiencing a period of expansion and investment, but it’s important to monitor its financial performance closely in the coming years.

Registered in England/Wales under the registration number 03771032, with a registered address at SG4 8HP, Hitchin, Hertfordshire, Switchshop House, Enterprise Park Kimpton.

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