Convert Energy Ltd

Convert Energy Ltd, based in Canterbury, UK, is a small, active company founded ten years ago in 2014. Employing nine people and holding £313,462 in assets, it operates from a real address and is managed by two directors and owners. It has a stellar 5.0 Google rating from 18 reviews. The company regularly imports electrical machinery and equipment, with the most recent import occurring in September 2024.

The company’s website highlights its focus on solar panels and photovoltaic thermal systems in Kent and the southeast. It seems to be primarily an installer and supplier, rather than a manufacturer, targeting residential and commercial customers seeking renewable energy solutions. The website doesn’t explicitly mention e-commerce, suggesting a more service-oriented business model—customers likely request quotes and schedule installations directly.

Financially, Convert Energy Ltd presents a mixed picture. Current assets have decreased by 36%, dropping to £310,000, while net assets have fallen by 17%, settling at £390,000. Bank borrowings have remained constant, and cash reserves have declined by 34%, now standing at £200,000. Creditors have significantly decreased by 85%, which is a positive sign, and debtors have also fallen by 40%. The company’s small size—meeting two of three criteria for a small company—helps with agility, but the decrease in assets warrants attention. No auditor is mentioned, likely due to its small size.

While the company’s Google rating suggests satisfied customers, the financial data indicates a possible slowdown. The decrease in assets and cash reserves could be attributed to increased operating expenses or investments in new equipment—although the decrease in creditors suggests better debt management. It’s likely the company is still growing, but needs to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 09350129, with a registered address at CT1 3AA, England, Canterbury, Convert Energy Ltd, 22c Barton Business Park, New Dover Road.

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