How much does Switchshop Limited make?

Switchshop Limited reported revenue of £30.2m and £444k profit in the year to 31 May 2025, according to its accounts filed at Companies House.

How many employees does Switchshop Limited have?

Switchshop Limited reported an average of 78 employees in the year to 31 May 2025.

Is Switchshop Limited profitable?

Yes — Switchshop Limited reported a profit of £444k in the year to 31 May 2025.

Company No. 03771032 · Incorporated 14 May 1999

Switchshop Limited

Registered name: SWITCHSHOP LIMITED

Part of Switchshop Holdings Limited group

Switchshop Limited made £30.2m revenue and £444k profit in the year to 31 May 2025. read from filing text

Switchshop Limited’s revenue fell 26% to £30.2m in the year to 31 May 2025, with £444k profit and 78 employees. The company is classified under “other information technology service activities” and is based in Hitchin; we hold 4 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities

Status: Active
Location: Hitchin, East of England
Age: 27 yrs · since 1999
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The company's ultimate parent and controlling company is Switchshop Holdings Limited, a company incorporated in the United Kingdom. It has included the company in its consolidated group accounts, copi”

Latest accounts · year to 31 May 2025

Key figures

Capital-light

Revenue

£30.2m

Growth ▼25.8%

Profit

£444k

Growth ▼87.7%

Profit margin

1.5%

Gross 25.6%

Employees

Change ▲11.4%

Profit / employee

£5.7k

Revenue/employee £387k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 May 2022	31 May 2023	31 May 2024	31 May 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£23.7m	£32m	£40.7m	£30.2m
Cost of sales	£17.5m	£22.9m	£29.3m	£22.5m
Gross profit	£6.2m	£9.1m	£11.4m	£7.7m
Operating profit	£2.6m	£3.8m	£4.8m	£625k
Profit before tax	£2.6m	£3.8m	£4.8m	£611k
Profit after tax	£2.1m	£3.1m	£3.6m	£444k
Profit (best available)	£2.1m	£3.1m	£3.6m	£444k
Staff costs	£2.7m	£4.1m	£5m	£5.6m
Employees (average)	47	57	70	78
Ratios
Profit margin	8.9%	9.6%	8.9%	1.5%
Gross margin	26.3%	28.5%	28.1%	25.6%
Revenue per employee	£503k	£561k	£582k	£387k
Profit per employee	£45k	£53.9k	£51.6k	£5.7k
Growth (year on year)
Revenue growth	—	▲35.2%	▲27.3%	▼25.8%
Profit growth	—	▲45.3%	▲17.6%	▼87.7%
Headcount growth	—	▲21.3%	▲22.8%	▲11.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.7m	£3.5m	£4.2m	£4.6m
Net assets	£4.4m	£5.3m	£7.4m	£5.9m
Fixed assets	£325k	£342k	£471k	£549k
Current assets	£9.1m	£11.7m	£15.2m	£12m
Debtors	£2.7m	£2.9m	£5.7m	£3.3m
Deferred income	£108k	£182k	£458k	£405k
Source	Accounts · bulk data Jan 2024	Accounts · bulk data Jan 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 1.5%; Profit ÷ revenue.
Gross margin: 25.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £387k; Revenue ÷ average employees.
Profit per employee: £5.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.1%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼20%; Now £5.9m
Cash at bank: ▲9%; Now £4.6m
Headcount: ▲11%; Now 78
Deferred income: ▼11%; Now £405k
Fixed assets: ▲17%; Now £549k

Corporate ownership

Group structure

Ownership chain

Switchshop Holdings Limitedultimate parent75–100%
Switchshop Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 May 2025 (profit £444k), from the Companies House accounts bulk data published Feb 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.