Apricate Energy Ltd

Apricate Energy Ltd is a small, active company based in Shrewsbury, UK, founded eight years ago in 2017. With just one employee and £36,419 in assets, it operates from a virtual address shared by 160 other companies—a bit of a red flag. The company is led by one director and has two owners, though the list of owners hasn't changed since the company was founded. It’s an irregular importer, bringing in electrical machinery and equipment for about one month out of the year, with the last import recorded in June 2023.

The company’s website is non-existent, so it’s difficult to ascertain exactly what they do, but the report suggests they operate in the production of electricity industries. It’s a small company, meeting two of three conditions for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Apricate Energy Ltd shows a mixed picture. Current assets decreased by 31% to £36,000, while net assets dropped 28% to £37,000. Cash reserves also fell 31% to £14,000. Trade debtors decreased by 30% to £22,000, and creditors improved by 42% to £7,800. The company’s small size helps it stay nimble, but the decline in equity raises questions. No auditor is mentioned, which is typical for a small, exempt company. The company’s bank borrowings are also down, which is good.

It's a bit concerning that the company has been importing irregularly, and the lack of a website makes it difficult to assess its market presence. While the financials aren't disastrous, the downward trends in assets and equity suggest that Apricate Energy Ltd is facing some financial pressures.

Registered in England/Wales under the registration number 10655888, with a registered address at SY2 6LG, United Kingdom, Shrewsbury, Shropshire, Belmont House, Shrewsbury Business Park.

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