SWITCH MOBILITY LIMITED

UNIT 3 HURRICANE WAY SOUTH, SHERBURN IN ELMET, LEEDS, NORTH YORKSHIRE, LS25 6PT

Previous name: OPTARE GROUP LTD (changed on 03-Nov-2020)

Company Number: 01818255
Incorporation date: 22-May-1984
Status: Active
Entity type: Private Limited Company

SIC codes:
29100 Manufacture of motor vehicles

SUMMARY

This company is 39.9 years old and is currently active. It is controlled by Optare Plc. The company has negative equity (net assets) of GBP -73.6 million which has worsened since the previous year's figure of GBP -58.6 million. The latest reported revenue figure is GBP 37.1 million which is down -20% on the previous year. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -80.1 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 8 active officers (directors or partners) who are or were officers of 12 other companies. The company has no public disputes filed on the Business Disputes Register. There is one court case involving the company that we are aware of.

FINANCIALS (BETA)

Next accounts due: 31-Dec-2024
Accounts Filed: GROUP (31-Mar-2023)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Paid	Net Profit GBP
31-Mar-2020	GBP	37,052,000	-14,803,000	156,000	-14,959,000
31-Mar-2019	GBP	49,156,000	-7,379,000	539,000	-7,918,000
31-Mar-2018	GBP	26,874,000	-8,230,000	1,920,000	-10,150,000

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Debt	Share Capital	Premium Reserve	Retained Earnings	Net Assets
31-Mar-2020	GBP	1,269,000	58,565,000	135,650,000	702,000	678,000	1,850,000	-80,082,000	-73,554,000
31-Mar-2019	GBP	2,718,000	50,921,000	113,832,000	33,000	678,000	1,850,000	-65,124,000	-58,596,000
31-Mar-2018	GBP	195,000		98,938,000	31,000	678,000	1,850,000	-57,206,000	-50,678,000

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**

Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All apointments (active/resigned)
Active	Abhijit MUKHOPADHYAY	25 Jan 2023	18 Apr 2024			1 - 0
Resigned	Bill DEEVES	01 Jul 2021	30 Jun 2022			0 - 1
Active	OAKWOOD CORPORATE SECRETARY LIMITED	12 Jul 2012	18 Apr 2024			1419 - 1248
Resigned	Peter Brian PHILLIPS	06 Jun 2011	30 Jun 2012			0 - 1
Resigned	Michael James DUNN	23 Jul 2008	10 May 2011	Accountant	British	0 - 49
Resigned	Roger Nicholas FOSSEY		23 Jul 2008			0 - 15

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Shenu AGARWAL	13 Jul 2023		Director	Indian	1 - 0	0 (0.0%)
Active	Jean Antoine BRUNOL	15 May 2023		Director	French	1 - 0	0 (0.0%)
Active	Mahesh Babu SUBRAMANIAN	27 Nov 2022		Global Ceo	Indian	1 - 0	0 (0.0%)
Active	Diane Elizabeth MOORE	04 Feb 2022		Director	British	4 - 5	0 (0.0%)
Active	Venkataramani SUMANTRAN	17 Sep 2021		Business Advisor	Indian	1 - 0	0 (0.0%)
Resigned	Miranda, Dr BRAWN	01 Jul 2021	31 Mar 2023	Director	British	0 - 1	0 (0.0%)
Resigned	Simon Jeremy COLLINS	11 Dec 2020	19 Feb 2021	Director	British	0 - 1	0 (0.0%)
Active	Jose Maria ALAPONT	11 Dec 2020		Director	Spanish	3 - 1	0 (0.0%)
Resigned	Vipin SONDHI	26 Nov 2020	31 Dec 2021	Director	Indian	0 - 1	0 (0.0%)
Active	Shom Ashok HINDUJA	26 Nov 2020		Director	Indian	1 - 1	0 (0.0%)
Active	Dheeraj Gopichand HINDUJA	26 Nov 2020		Director	British	2 - 2	0 (0.0%)
Resigned	Nitin SETH	26 Oct 2020	30 Sep 2021	Chief Operating Officer	Indian	0 - 2	0 (0.0%)
Resigned	Andrew Charles, Dr PALMER	17 Jul 2020	03 Nov 2022	Director	British	8 - 11	0 (0.0%)
Resigned	Richard Damian BUTLER	06 Dec 2018	05 Sep 2019	Ceo	British	0 - 9	0 (0.0%)
Resigned	Enrico VASSALLO	05 Sep 2013	19 Oct 2015	None	Italian	1 - 11	3 (25.0%)
Resigned	Ramesh NARASIMHAN	06 Apr 2013	17 Apr 2014	Director	Australian	0 - 7	1 (14.3%)
Resigned	Peter Brian PHILLIPS	06 Jun 2011	30 Jun 2012	Accountant	British	2 - 16	6 (33.3%)
Resigned	Amanda Louise MCLAREN	17 Mar 2011	28 Jun 2012	Director	British	7 - 5	1 (8.3%)
Resigned	Glenn Craig SAINT	29 Jan 2010	31 Oct 2014	Director	British	2 - 13	3 (20.0%)
Resigned	James Robert SUMNER	01 Jun 2009	31 Dec 2012	Director	British	0 - 27	15 (55.6%)
Resigned	John Matthew FICKLING	22 Dec 2008	17 Jul 2020	Director	British	3 - 24	12 (44.4%)
Resigned	Andrew Peter BRIAN	23 Jul 2008	04 Dec 2008	Director	British	0 - 19	6 (31.6%)
Resigned	Michael James DUNN	23 Jul 2008	10 May 2011	Accountant	British	0 - 49	21 (42.9%)
Resigned	Roy Robert Edward STANLEY	11 Mar 2008	30 Jul 2009	Director	British	11 - 46	32 (56.1%)
Resigned	Russell RICHARDSON	28 Apr 2006	11 Mar 2008	Engineer	British	0 - 10	3 (30.0%)
Resigned	Robert Joseph COOMBES	18 Feb 2004	11 Mar 2008	Managing Director	British	0 - 6	3 (50.0%)
Resigned	Peter RONA	18 Feb 2004	22 Apr 2004	Fund Manager	Hungarian	0 - 6	4 (66.7%)
Resigned	Andras RACZ	18 Feb 2004	28 Jul 2005	Chief Executive	Hungarian	0 - 2	0 (0.0%)
Resigned	Russell RICHARDSON		28 Jul 2005	Chairman	British	0 - 10	3 (30.0%)
Resigned	Roger Nicholas FOSSEY		11 Mar 2008	Finance Director	British	0 - 15	6 (40.0%)
Resigned	Antonius Maria Christian MEIJS		09 Dec 1993	Director	Dutch	0 - 1	0 (0.0%)
Resigned	Wolf LIJMER		02 Dec 1993	Chairman	Dutch	0 - 2	0 (0.0%)

Number of active directors: 8
Average tenure of active directors: 2.3 years
Average tenure of resigned directors: 1.9 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Shenu AGARWAL	Jean Antoine BRUNOL	Mahesh Babu SUBRAMANIAN	Diane Elizabeth MOORE	Venkataramani SUMANTRAN	Jose Maria ALAPONT	Shom Ashok HINDUJA	Dheeraj Gopichand HINDUJA
HINDUJA AUTOMOTIVE LIMITED (00159177) - Active						✔		✔
MUFG SECURITIES EMEA PLC (01698498) - Active				✔
SWITCH MOBILITY LIMITED (01818255) - Active	✔	✔	✔	✔	✔	✔	✔	✔
THE MENTAL HEALTH FOUNDATION (02350846) - Active				✔
CANTOR FITZGERALD EUROPE (02505767) - Active				✔
SOCIETE GENERALE INTERNATIONAL LIMITED (05407520) - Active				✔
MAREX GROUP PLC (05613060) - Active				✔
AXIS BANK UK LIMITED (07554558) - Active				✔
DECARTEM LIMITED (08344526) - Active				✔
FERROGLOBE PLC (09425113) - Active						✔
HINDUJA INVESTMENTS AND PROJECT SERVICES LIMITED (10247849) - Active						✔		✔
STEADYPAY LIMITED (10713752) - Active				✔
OHM INTERNATIONAL MOBILITY LIMITED (13542899) - Active							✔	✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2020-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
OPTARE PLC	ORDINARY	91,880,732 100%	678,227 100%	678,227 100%	678,227 100%	678,227 100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

>75%:Optare Plc (6481690 - United Kingdom) active

Controlling entities above

SWITCH MOBILITY LIMITED

Controlled companies below

>75%:OHM GLOBAL MOBILITY LIMITED (13159787 - UK) active

LATE PAYMENTS REPORT

This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES

Date	Title	Reference	Subject
2007-07-10	v are Group Ltd v. Transport and General Workers Union	[2007] UKEAT 0143_07_1007

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 29100 Manufacture of motor vehicles)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
JAGUAR LAND ROVER LIMITED	ABBEY ROAD, WHITLEY, COVENTRY, CV3 4LF	01672070	2018-03-31	21,945,000,000	545,000,000
FORD MOTOR COMPANY LIMITED	ARTERIAL ROAD, LAINDON, ESSEX, ENGLAND, SS15 6EE	00235446	2017-12-31	12,863,000,000	618,000,000	29320-Manufacture of other parts and accessories for motor vehicles 45111-Sale of new cars and light motor vehicles
NISSAN MOTOR MANUFACTURING (UK) LIMITED	WASHINGTON ROAD, SUNDERLAND, TYNE AND WEAR, SR5 3NS	01806912	2018-03-31	6,260,659,000	115,302,000
VAUXHALL MOTORS LIMITED	PINLEY HOUSE, 2 SUNBEAM WAY, COVENTRY, WEST MIDLANDS, CV3 1ND	00135767	2017-12-31	3,676,400,000	109,000,000
HONDA OF THE U.K. MANUFACTURING LIMITED	1 MORE LONDON PLACE, LONDON, SE1 2AF	01887872	2018-03-31	2,608,166,000	26,270,000
TOYOTA MOTOR MANUFACTURING (UK) LIMITED	BURNASTON, DERBY, DE1 9TA	02352348	2018-03-31	2,479,634,000	-252,854,000
BENTLEY MOTORS LIMITED	PYM'S LANE, CREWE, CHESHIRE, CW1 3PL	00992897	2017-12-31	1,593,800,000	-4,200,000
IBC VEHICLES LIMITED	. KIMPTON ROAD, LUTON, ENGLAND, LU2 0JX	02091272	2017-12-31	805,893,000	17,297,000
ASTON MARTIN LAGONDA LIMITED	BANBURY ROAD, GAYDON, WARWICK, CV35 0DB	01199255	2017-12-31	771,090,000	119,039,000
LEYLAND TRUCKS LIMITED	9400 GARSINGTON ROAD, OXFORD BUSINESS PARK, OXFORD, OX4 2HN	02814092	2017-12-31	744,741,000	17,063,000
ALEXANDER DENNIS LIMITED	9 CENTRAL BOULEVARD, LARBERT, UNITED KINGDOM, FK5 4RU	SC268016	2017-12-31	577,007,000	19,734,000
MCLAREN AUTOMOTIVE LIMITED	MCLAREN TECHNOLOGY CENTRE, CHERTSEY ROAD, WOKING, SURREY, GU21 4YH	01967717	2017-12-31	526,916,000	-42,563,000	45111-Sale of new cars and light motor vehicles
ROLLS-ROYCE MOTOR CARS LIMITED	COMPANY SECRETARY, SUMMIT ONE, SUMMIT AVENUE, FARNBOROUGH, HAMPSHIRE, GU14 0FB	03522604	2017-12-31	422,489,000	21,032,000	45111-Sale of new cars and light motor vehicles
BAE SYSTEMS GLOBAL COMBAT SYSTEMS LIMITED	106, RBSL, HADLEY CASTLE WORKS, TELFORD, SHROPSHIRE, ENGLAND, TF1 9AY	00414948	2017-12-31	184,000,000	19,000,000
AUTO-SLEEPERS GROUP LIMITED	ORCHARD WORKS, WILLERSEY, BROADWAY, WORCESTERSHIRE, WR12 7QF	03978237	2017-08-31	132,257,595	7,894,990	29203-Manufacture of caravans
JOHNSTON SWEEPERS LIMITED	CURTIS ROAD, DORKING, SURREY, RH4 1XF	00199841	2017-12-31	89,488,000	6,698,000
FORCE INDIA FORMULA ONE TEAM LIMITED	2ND FLOOR, 110 CANNON STREET, LONDON, EC4N 6EU, EC4N 6EU	02417588	2016-12-31	77,163,000	-11,599,000	29320-Manufacture of other parts and accessories for motor vehicles
MTCE LIMITED	C/O BIRKETTS LLP KINGFISHER HOUSE, 1 GILDERS WAY, NORWICH, NORFOLK, ENGLAND, NR3 1UB	02714436	2017-12-31	60,886,279	1,222,531	29320-Manufacture of other parts and accessories for motor vehicles 71129-Other engineering activities 71200-Technical testing and analysis
LONDON EV COMPANY LIMITED	LI CLOSE, ANSTY PARK, ANSTY, COVENTRY, ENGLAND, CV7 9RF	08357576	2017-12-31	14,694,000	-40,133,000
BMW (UK) MANUFACTURING LIMITED	COMPANY SECRETARY, SUMMIT ONE, SUMMIT AVENUE, FARNBOROUGH, HAMPSHIRE, GU14 0FB	03950868	2018-12-31	3,080,456	95,869
JEDI RACING CARS LIMITED	NETTLEBUSH, FINEDON ROAD, WELLINGBOROUGH, NORTHAMPTONSHIRE, NN8 4NY	03474790	2018-11-30	164,573	0	32300-Manufacture of sports goods
MIKE CHAMPION ENGINEERING LTD	29 QUEEN STREET, MIDDLETON CHENEY, BANBURY, ENGLAND, OX17 2NP	08447434	2018-03-31	98,574	0	71129-Other engineering activities
MIDAS ENGINEERING AND TECHNOLOGY LIMITED	10 HAZEL ROAD, BOTLEY, OXFORD, OXON, OX2 9LF	07089088	2017-11-30	73,847	0	74100-specialised design activities
RAIDI ENGINEERING LTD	3RD FLOOR, 207 REGENT STREET, LONDON, W1B 3HH	08570826	2019-06-30	73,461	0
COSTA BOGDAN LTD	3RD FLOOR, 207 REGENT STREET, LONDON, W1B 3HH	08685060	2018-09-30	66,568	0
EAMMB LIMITED	3RD FLOOR, 207 REGENT STREET, LONDON, W1B 3HH	08654216	2018-08-31	60,165	0
THE AUTO CLINIC LIVERTON LIMITED	UNIT 24 LANTSBERY DRIVE, LIVERTON INDUSTRIAL ESTATE, LIVERTON MINES, TS13 4QZ	08902228	2017-02-28	58,315	0
SYNERGMOTIVE LTD	28 KNOT TIERS MEWS, UPTON, NORTHAMPTON, ENGLAND, NN5 4FS	07855802	2018-11-30	58,110	0
ARLAUR LTD	5 BUTCHERS CLOSE, BISHOPS ITCHINGTON, SOUTHAM, WARWICKSHIRE, UNITED KINGDOM, CV47 2PX	10088550	2018-03-31	58,039	0
AISRET LIMITED	2 QUAKER CLOSE, FENNY DRAYTON, NUNEATON, WARWICKSHIRE, CV13 6BS	07965361	2019-02-28	51,881	0
AUTO CONSULTING OFFICE LTD	1403 THE ROTUNDA, 150 NEW STREET, BIRMINGHAM, ENGLAND, B2 4PE	08215588	2018-09-30	33,887	0
GS DESIGN CENTER LTD	3RD FLOOR, 207 REGENT STREET, LONDON, W1B 3HH	08355215	2019-01-31	32,036	0
J.G.H AEROMOTIVE LIMITED	51 KINGCUP DRIVE, BISLEY, WOKING, GU24 9HH	10412941	2017-10-31	31,028	0
DRIVING DAISY LTD	51 ALLANTON AVENUE, PAISLEY, RENFREWSHIRE, PA1 3BN	SC489722	2017-12-31	29,335	0
ADAM RESOLUTION LTD	141 EVESHAM ROAD, 141 EVESHAM ROAD, REDDITCH, WORCESTERSHIRE, UNITED KINGDOM, B97 4JX	10657083	2019-03-31	23,571	0
HANNIS ENGINEERING LTD	52 PILLEY CRESCENT, CHELTENHAM, GLOUCESTERSHIRE, GL53 9ET	09169860	2017-08-31	21,206	0
BELLINI AEROSPACE LTD	17 RIVERSIDE RIVERSIDE, HIGHTOWN, LIVERPOOL, UNITED KINGDOM, L38 0BU	10470134	2018-11-30	4,180	0	30300-Manufacture of air and spacecraft and related machinery 30400-Manufacture of military fighting vehicles
ALTERNATIVE CARS LIMITED	10 HAZEL ROAD, BOTLEY, OXFORD, OXFORDSHIRE, OX2 9LF	04943896	2017-10-31	2,974	0	74100-specialised design activities
THE NARROW CAR COMPANY LIMITED	OTWAYS QUAY STREET, ORFORD, WOODBRIDGE, SUFFOLK, ENGLAND, IP12 2NU	05031181	2018-02-28	1,666	0	41202-Construction of domestic buildings 71122-Engineering related scientific and technical consulting activities
DOWNTON ENGINEERING WORKS LIMITED	HIGHCLERE HOUSE, 2 CLARENDON AVENUE, ANDOVER, HAMPSHIRE, SP10 2LX	02880309	2018-03-31	1,098	0	29320-Manufacture of other parts and accessories for motor vehicles
THE ALVIS CAR COMPANY LIMITED	COMMON LANE INDUSTRIAL ESTATE, COMMON LANE, KENILWORTH, WARWICKSHIRE, CV8 2EL	06922352	2018-12-31	0	0
JAGUAR LAND ROVER HOLDINGS LIMITED	ABBEY ROAD, WHITLEY, COVENTRY, ENGLAND, CV3 4LF	04019301	0000-00-00	0	0
PACCAR PARTS U.K. LIMITED	9400 GARSINGTON ROAD, OXFORD BUSINESS PARK, OXFORD, ENGLAND, OX4 2HN	02799338	0000-00-00	0	0
PACCAR TRUCKS U.K. LTD	9400 GARSINGTON ROAD, OXFORD BUSINESS PARK, OXFORD, OX4 2HN	03525173	0000-00-00	0	0

LIQUIDATION RISK (BETA)

This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:

Basis	Liquidation within 3 months	Liquidation within 6 months	Liquidation within 12 months	Prediction confidence
SWITCH MOBILITY LIMITED	0.7%	3.6%	7.1%	Medium
Other companies Active in the same sector	2.1%	8.0%	19.5%	Medium


Age	0.3%	1.3%	2.4%	Medium
Company Type	0.7%	3.7%	7.4%	Medium
Accounts category	0.6%	1.5%	2.5%	Medium
Accounting Month	0.5%	1.8%	3.9%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium