SWITCH ENERGY NETWORK LTD Financials
- Company number
- 12114563CopyCopy
- Registered office
- C/O Ground Floor St Pauls House, 23 Park Square, Leeds LS1 2ND
- Incorporated
- 22/07/2019
Company snapshot
- Status
- Liquidation
- Employees
- 0 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
-17.22%vs 20242024: £2.81M
Total Assets
-29.10%vs 20242024: £6.68M
Cash in Bank
-48.70%vs 20242024: £4.17M
Total Liabilities
-37.64%vs 20242024: £3.86M
Employees
0vs 20242024: 0
In 2025, SWITCH ENERGY NETWORK LTD reported net assets of £2.33M. The same filing shows total assets of £4.74M, cash in bank of £2.14M and total liabilities of £2.41M. Reported headcount was 0 in 2025. Cash in Bank fell from £4.17M in 2024 to £2.14M in 2025 (-48.70%). Okredo holds filed figures for 2021–2025; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-17.22%from £2.81M in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures SWITCH ENERGY NETWORK LTD filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
+33%vs 2023+15.3% a year compound (CAGR)
Cash in Bank
+159%vs 2023+60.8% a year compound (CAGR)
Total Assets
+7.7%vs 2023+3.8% a year compound (CAGR)
Total Liabilities
-8.8%vs 2023-4.5% a year compound (CAGR)
Employees
-100%vs 2023-29Biggest increase
Cash in Bank+159%
£826.28K in 2023 to £2.14M in 2025
Biggest decrease
Employees-100%
29 in 2023 to 0 in 2025
SWITCH ENERGY NETWORK LTD's filings pull in both directions between 2023 and 2025. The steepest rise came in cash in bank, pointing to a more liquid cash position, set against a fall in employee numbers, pointing to a smaller workforce. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SWITCH ENERGY NETWORK LTD's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 49.16%2025
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 50.84%2025
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 88.70%2025
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 45.09%2025
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for SWITCH ENERGY NETWORK LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 915.63K | 926.26K | 1.75M | 2.81M | 2.33M |
| Total Assets£ | 2.77M | 2.08M | 4.40M | 6.68M | 4.74M |
| Cash in Bank£ | 56.55K | 518.17K | 826.28K | 4.17M | 2.14M |
| Total Liabilities£ | 1.83M | 1.14M | 2.64M | 3.86M | 2.41M |
| Employees | 19 | 23 | 29 | 0 | 0 |
SWITCH ENERGY NETWORK LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SWITCH ENERGY NETWORK LTD covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
SWITCH ENERGY NETWORK LTD reported net assets of £2.33M for 2025. That compares with £2.81M in 2024, a change of -17.22%.
SWITCH ENERGY NETWORK LTD reported total assets of £4.74M for 2025. That compares with £6.68M in 2024, a change of -29.10%.
SWITCH ENERGY NETWORK LTD reported cash in bank of £2.14M for 2025. That compares with £4.17M in 2024, a change of -48.70%.
SWITCH ENERGY NETWORK LTD reported 0 employees in 2025, compared with 0 in 2024.
Between 2023 and 2025, SWITCH ENERGY NETWORK LTD's net assets rose by 33%, cash in bank rose by 159%, total assets rose by 7.7% and total liabilities fell by 8.8%. Net assets compounded at 15.3% a year across the two years to 2025, from £1.75M to £2.33M. Reported headcount went from 29 in 2023 to 0 in 2025 (-29).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.