Absolute Solar Limited

Absolute Solar Ltd, based in Ashby De La Zouch, UK, is a small, active company established fifteen years ago. Employing forty-four people and holding assets of £1,863,569, it’s a well-established player in its sector. With five directors and a single owner, the company maintains a real address and has a Google rating of 3.0 based on twenty-eight reviews, which could be improved. It’s an irregular importer of electrical machinery and equipment, with the last import operation occurring two months ago.

The company operates within the other construction installation industries, primarily focusing on solar panel installation and related services. Its website highlights award-winning solar panel installation, battery storage solutions, and insulation services, catering to both homeowners and house builders. It's clear they’re focused on renewable energy and energy efficiency, with a strong emphasis on quality and customer service. They even offer EV charging solutions, reflecting the shift towards electric vehicles.

Financially, Absolute Solar Ltd’s report shows some interesting trends. Accrued liabilities decreased by 53%, which is a positive sign, while accumulated depreciation on motor vehicles increased by 15%. Bank borrowings remained steady, but cash on hand was unchanged. Creditors, however, rose by 15%, suggesting increased reliance on short-term financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors could be a cause for concern. The company’s equity decreased by 8.6%, which could be due to dividend payments or reinvestment in the business. With no auditor mentioned, the figures are unaudited.

The company’s management structure, with five directors, suggests a collaborative approach, and the recent change in the directors list two months ago is a good sign. Overall, Absolute Solar Ltd appears to be a stable, albeit small, company navigating the challenges of the renewable energy sector.

Registered in England/Wales under the registration number 07038542, with a registered address at LE65 1JS, United Kingdom, Ashby De La Zouch, Leicester, Dents Road, Nottingham Road Industrial Estate.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.