SWITCH GLOBAL

At I Love To Be, we are passionate about creating transformative learning journeys. Combining our creative minds with expertise, we form a tight-knit team focused on career development and experience. Our immersive programmes are designed to challenge the status quo, encouraging free thinking and innovation. We have facilitated the growth of over 25,000 professionals through coaching, simulations, and assessment centres.

Our co-founders bring a wealth of experience and passion to the company. Jana, with a background in psychology and neuroscience, specialises in personal development and transformation, guiding individuals to achieve the unthinkable. Laszlo, our CEO, is dedicated to creating transformational education experiences through experiential learning, making these accessible through technology like the metaverse.

As we look to the future, we are seeking investment to expand our services and reach a broader audience. We invite you to join us in our mission to transform lives through experiential learning, creating a more informed and empowered world.

Credit Commentary:
Incorporated in April 2021, Switch Global Ltd is a London-based education-oriented company specialising in personal and professional development programs. They offer services such as digital assessments, coaching and leadership development to a diverse clientele, including individuals, schools, and corporations. The company holds an Equifax score of A and is jointly owned by Laszlo Avramov and Jana Hlavkova, while Laszlo is in charge of the Director role within the company. Both the shareholders are providing a personal guarantee, which means should the business fail to repay the loan, we can turn to the guarantor (s) to cover any shortfall. Moreover, both the directors are homeowners with good equity cover, which, whilst not directly charged in support of the proposed loan, does give strength to the personal guarantees they are providing in support of the proposed loan. In addition, both of them exhibit a good credit profile as well.
Looking at the financials, the company posted a Turnover of £ 656K (FY 2023: £664K) and recorded a Net Profit of 109K (FY 2023: £112K) for FY 2024 (Year ended April 2024). The financial performance of the company has been stable in the past few years, with Net Profit averaging around the £100-110K mark. The company regularly draws on the dividend. The Tangible Net Worth increased to £137K (FY 2023: 98K) in FY2024. In addition, the turnover for 9M FY2025 stood at £444K with an Operating Profit of £23K (including dividend drawdown). As of now, the company has secured 2 unsecured loan facilities including one from Crowd2Fund. The operating profit of the business is sufficient to cover the proposed loan facilities. The company will utilise funds to expand the business development dept, incur marketing expenses to expand its reach and develop strategic partnerships and alliances with executive search firms and boutique consultancies that want to enhance coaching and e-learning modules/tools. The company has a growing pipeline of contracts from reputable business schools (across Europe) under their kitty. Moreover, the director has an active profile on the professional networking website that highlights his expertise in AI-driven coaching, leadership development, and business strategy blending technology, finance and academia.

Inflation Risk:
As per the management, the company is not impacted by inflation.