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SWITCH RENTALS LTD
UNIT 2 VARLIN COURT, WESTERN INDUSTRIAL ESTATE, CAERPHILLY, CF83 1BQCompany Number: 11407788
Incorporation date: 11-Jun-2018
Status: Active
Entity type: Private Limited Company
SIC codes:
77291 Renting and leasing of media entertainment equipment
77299 Renting and leasing of other personal and household goods
SUMMARY
This company is 5.9 years old and is currently active. It is controlled by multiple entities. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -5.7 million which has worsened since the previous year's figure of GBP -3.3 million. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -2.4 million in the last reported period. 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 -5.9 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 1 active officers (directors or partners) who are or were officers of 1 other company. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 29-Sep-2024Accounts Filed: SMALL (31-Dec-2022)
P&L Financials:
| Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
|---|
Balance Sheet Financials:
| Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
|---|---|---|---|---|---|---|---|---|---|
| 31-Dec-2022 | GBP | 230,043 | 495,644 | 1,000,494 | 7,178,272 | 1,245 | 262,255 | -5,916,163 | -5,652,663 |
| 31-Dec-2021 | GBP | 165,959 | 383,897 | 645,867 | 4,994,519 | 1,245 | 262,255 | -3,525,180 | -3,261,680 |
| 31-Dec-2020 | GBP | 40,145 | 188,232 | 546,848 | 3,109,757 | 1,090 | 249,001 | -2,179,097 | -1,929,006 |
| 31-Dec-2019 | GBP | 174,086 | 274,058 | 139,383 | 1,672,000 | 1,000 | 249,001 | -1,074,896 | -824,895 |
| 30-Jun-2018 | GBP | 1 | 1 | 1 |
VALUATION EVENTS (BETA)
| Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
|---|---|---|---|---|---|---|
| 31-Dec-2021 | GBP | 12.45% | 13,409 | 94,296 | 107,705 | 4,050,086 |
| 31-Dec-2020 | GBP | 8.26% | 90 | 1,000 | 1,090 | 2,284,808 |
| 31-Dec-2019 | GBP | 99.90% | 250,000 | 250 | 250,250 | 874,207 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
|---|
DIRECTORS
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
|---|---|---|---|---|---|---|---|
| Active | Leonardo POGGIALI | 01 Dec 2022 | Director | Italian | 1 - 0 | 0 (0.0%) | |
| Resigned | Frederik REYNAERT | 04 Nov 2021 | 31 Jan 2024 | Chief Financial Officer | British | 4 - 1 | 0 (0.0%) |
| Resigned | Kenneth KEATING | 01 Nov 2018 | 07 Mar 2023 | Accountant | Irish | 3 - 3 | 0 (0.0%) |
| Resigned | Mark George Venning BATES | 06 Sep 2018 | 01 Nov 2018 | Director | British | 2 - 6 | 4 (50.0%) |
| Resigned | Lyndon PEZZACK | 04 Sep 2018 | 09 Aug 2021 | Director | British | 0 - 3 | 0 (0.0%) |
| Resigned | Chris WEBB | 11 Jun 2018 | 19 Oct 2022 | Director | British | 0 - 2 | 0 (0.0%) |
Average tenure of active directors: 1.4 years
Average tenure of resigned directors: 2.8 years
Average active director Dissolution Rate: 0.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
|
Name
|
||
|---|---|---|
| SWITCH RENTALS LTD (11407788) - Active | ✔ |
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
SWITCH RENTALS LTD
no controlled companies
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
77291 Renting and leasing of media entertainment equipment)
| Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
|---|---|---|---|---|---|---|
| PPL EVENT SERVICES LTD | 543 HOLYHEAD ROAD, COVENTRY, ENGLAND, CV5 8HW | 05125055 | 2017-09-30 | 494,587 | 0 | |
| MONITOR AND SCREEN RENTAL LTD | S2 MILL HOUSE CENTRE 108 COMMERCIAL ROAD, TOTTON, SOUTHAMPTON, HAMPSHIRE, ENGLAND, SO40 3AE | 07070228 | 2018-06-30 | 334,555 | 0 | |
| DOUG HUNT SOUND & LIGHT LIMITED | 50 YORK ROAD, NORTH WEALD, EPPING, ESSEX, ENGLAND, CM16 6HU | 07721946 | 2018-04-01 | 117,826 | 0 | |
| T. SANDERS T.V. RENTALS LIMITED | 294 BALBY ROAD, BALBY, DONCASTER, SOUTH YORKSHIRE, DN4 0QF | 01379395 | 2018-06-30 | 102,358 | 0 |
77299-Renting and leasing of other personal and household goods |
| WINTERS AUDIO LTD | 10 OAK STREET, FAKENHAM, ENGLAND, NR21 9DY | 09056991 | 2017-05-29 | 79,539 | 0 | |
| THEEVENTSLOUNGE LIMITED | 2 LOXWOOD CLOSE, THREE MILE CROSS, READING, BERKSHIRE, UNITED KINGDOM, RG7 1BX | 09586919 | 2019-03-31 | 30,154 | 0 | |
| PRIME TIGER EVENT SERVICES LIMITED | SUIT 10-12 PETRE HOUSE, PETRE STREET, SHEFFIELD, ENGLAND, S4 8LJ | 10089424 | 2019-03-31 | 24,906 | 0 | |
| GLX PRODUCTIONS LTD | 35 UPENDE, AYLESBURY, BUCKINGHAMSHIRE, UNITED KINGDOM, HP18 0FA | 10075856 | 2018-03-31 | 20,181 | 0 | |
| PHOTOBOOTH IN THE CITY LIMITED | 71 FILLEBROOK ROAD, FILLEBROOK ROAD, LONDON, ENGLAND, E11 4AU | 09787059 | 2017-09-30 | 15,697 | 0 | |
| LOVE THAT LIVE LIMITED | 22 KIRKMAN ROAD, LOSCOE, HEANOR, ENGLAND, DE75 7LH | 10543017 | 2018-12-31 | 10,177 | 0 |
90020-Support activities to performing arts |
| SCENIC HIRE SOLUTIONS LTD | CHANCELLORS COTTAGE, 46 HOLWAY ROAD, SHERINGHAM, NORFOLK, ENGLAND, NR26 8HR | 10146948 | 2018-03-31 | 8,266 | 0 | |
| VENYOUEVENTS LTD | 12 SPRUCE ROAD, NUNEATON, ENGLAND, CV10 0LL | 10783264 | 2019-05-31 | 8,025 | 0 | |
| C & L AUDIO LTD | UNIT 18, SUTTON OAK DRIVE, ST. HELENS, ENGLAND, WA9 3PH | 09162992 | 2018-08-31 | 3,756 | 0 | |
| VIBE ACOUSTICS LIMITED | GARTHWEN, PEN Y BRYN, ABERAERON, UNITED KINGDOM, SA46 0EL | 09772689 | 2018-09-30 | 3,278 | 0 | |
| CITY BOOTH LIMITED | FLAT 30, 209 CHARGEABLE LANE, LONDON, ENGLAND, E13 8DW | 09636555 | 2018-06-30 | 2,500 | 0 | |
| PHASE AUDIO AND LIGHTING LIMITED | 76A EAST VIEW, WIDEOPEN, NEWCASTLE UPON TYNE, UNITED KINGDOM, NE13 6EF | 10908323 | 2019-08-31 | 1,933 | 0 |
77390-Renting and leasing of other machinery, equipment and tangible goods not elsewhere classified 82990-Other business support service activities not elsewhere classified |
| KIRKHILL ASSOCIATES LTD | ROYAL COURT THEATRE, 1 ROE STREET, LIVERPOOL, MERSEYSIDE, L1 1HL | 06602175 | 2018-05-31 | 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 RENTALS LTD | 0.7% | 3.6% | 7.1% | Medium |
| Other companies Active in the same sector | Too few competitors | |||
| Age | 0.6% | 2.5% | 4.9% | Medium |
| Company Type | 0.7% | 3.7% | 7.4% | Medium |
| Accounts category | 0.5% | 1.5% | 2.8% | Medium |
| Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
| Sic code count | 0.8% | 3.8% | 7.5% | Medium |
