Switched On Electrical Engineers Limited

Key Facts

Net Assets

Current: £5,246

Previous: £8,228

Change: -2,982 (-36.2%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £436,020

Previous: £282,719

Change: +£153,301 (+54.2%)

Comment: Current assets increased significantly.

Cash

Current: £23,358

Previous: £42,535

Change: -£19,177 (-45.1%)

Comment: Cash fell significantly, reducing short‑term liquidity.

Creditors 1 Year

Current: £120,945

Previous: £32,726

Change: +£88,219 (+269.6%)

Comment: Short‑term creditors rose sharply, indicating higher short‑term liabilities.

Net Current Assets Liabilities

Current: £26,168

Previous: £3,550

Change: +£22,618 (+637.1%)

Comment: Net current assets rose sharply, indicating a strong improvement in working capital.

Fixed Assets

Current: Not reported

Previous: Not reported

Comment: Not reported

Turnover

Current: Not reported

Previous: Not reported

Comment: Turnover not reported for either period, which is common for micro‑entity and small business.

Employees

Current: 23

Previous: 20

Change: +3 (+15%)

Comment: Solid growth.