Company Overview
Switch Wholesale Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 29 February 2016, so this is a well established company. Switch Wholesale Ltd has been in business for 10 years and 1 month. The accounts status is total exemption full and the accounts are next due on Tuesday 30 November 2021.
Registered Address

454 Altair House Falcon Drive, Cardiff, CF10 4RH
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Companies House Data
Company NameSWITCH WHOLESALE LTD
Company Number10032288
Registered Office Address454 Altair House Falcon Drive
 CF10 4RH
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date29/02/2016
Accounting Reference Date Day29
Accounting Reference Date Month2
Accounts Next Due Date30/11/2021
Accounts Last Made Up Date27/02/2020
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date17/06/2017
Returns Last Made Up Date20/05/2016
Directors & Members
Show Resigned
Usman Ahmed - Director
(British, 44 years old, born February 1982)
Appointed 29 February 2016
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Usman Ahmed
DT NAIL & BEAUTY LTD
HASHTAG JUICZ LTD
SW VAPE SUPPLIES LTD
SWITCH BEDMINSTER LTD
SWITCH CITY CENTRE LIMITED
SWITCH EXPRESS CORPA LTD
SWITCH PARTNERSHIP STORES LIMITED
SWITCH WEST STORES LTD
UNIK TECHNOLOGY UK LTD
VAPESTARZ LTD
Balance Sheet Unlock full report
Accounts Date 27-Feb-2020 27-Feb-2019 27-Feb-2018
Balance Sheet
Fixed Assets 18,589 19,660 5,499
Current Assets 210,849 279,851 220,838
Creditors Due Within One Year 387,249 320,831 199,703
Working Cap -176,400 -40,980 21,135
Total Assets Less Current Liabilities -157,811 -21,320 26,634
Long-term Liabilities 0 0 0
Net Assets -157,811 -21,320 26,634
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -157,811 -21,320 26,634
Common Size Financial Analysis Unlock full report
Accounts Date 27-Feb-2020 27-Feb-2019 27-Feb-2018
Tangible Fixed Assets - - -
Fixed Assets 8.1% 6.6% 2.4%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand 2.5% 5.0% 3.2%
Current Assets 91.9% 93.4% 97.6%
Creditors Due Within One Year 168.8% 107.1% 88.2%
Net Current Assets Liabilities -76.9% -13.7% 9.3%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds -68.8% -7.1% 11.8%
Capital Employed - - -
Total Assets Less Current Liabilities -68.8% -7.1% 11.8%
Financial Ratio Analysis Unlock full report
Accounts Date 27-Feb-2020 27-Feb-2019 27-Feb-2018
Liquidity Ratio 0.5 0.9 1.1
Solvency Ratio 0.6 0.9 1.1
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 27-Feb-2020 27-Feb-2019 27-Feb-2018
Assets 229,438 299,511 226,337
Debt 387,249 320,831 199,703
Net Assets/Debt -157,811 -21,320 26,634
Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
First Gazette notice for voluntary strike-off
Voluntary strike-off action has been suspended
Application to strike the company off the register
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Registered office address changed from 22 Oak Street Newport NP19 7HL Wales to 454 Altair House Falcon Drive Cardiff CF10 4RH on 23 October 2021
Confirmation statement made on 12 May 2021 with no updates
Registered office address changed from 31 Albany Road Cardiff CF24 3LJ Wales to 22 Oak Street Newport NP19 7HL on 12 May 2020
Confirmation statement made on 12 May 2020 with updates
Termination of appointment of Harindar Singh as a director on 12 May 2020
Registered office address changed from Rear of Norman Road Norman Road Cardiff CF14 1PS United Kingdom to 31 Albany Road Cardiff CF24 3LJ on 15 January 2020
Director's details changed for Mr Harinder Singh on 14 October 2019
Confirmation statement made on 24 September 2019 with updates
Confirmation statement made on 26 July 2019 with no updates
Confirmation statement made on 26 July 2018 with no updates
Registered office address changed from 31 Albany Road Cardiff CF24 3LJ United Kingdom to Rear of Norman Road Norman Road Cardiff CF14 1PS on 14 December 2017
Confirmation statement made on 26 July 2017 with no updates
Confirmation statement made on 26 July 2016 with updates
Appointment of Mr Harinder Singh as a director on 14 July 2016
Annual return made up to 20 May 2016 with full list of shareholders
Termination of appointment of Danish Bilal Haider Khan as a director on 29 February 2016
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