Domelec Electrical & Solar Limited

Domelec Electrical & Solar Ltd, based in Wrexham, UK, is a small, active company founded seven years ago. With four employees and £101,378 in assets, it’s a family-run business led by two directors and a solo founder, Pritchard Dale James. The company enjoys a stellar 5.0 Google rating from 26 reviews, a testament to its customer service. It operates from a real address and is an irregular importer, bringing in electrical machinery and equipment, though just for one month in 2022.

Domelec’s website showcases its focus on domestic and commercial solar panel installations, EV charging, and battery storage solutions. It’s clear they’re aiming to be a one-stop shop for renewable energy needs, offering everything from initial assessments to ongoing maintenance. The site is professional and well-designed, emphasizing a commitment to quality and customer satisfaction. They even have a blog, a nice touch for establishing expertise.

Financially, Domelec’s picture is a little mixed. Accumulated depreciation on computer equipment increased by a whopping 100%, suggesting they’re investing in new technology. However, the value of motor vehicles decreased by 47%, and cash bank on hand fell 120% to £61,000. Amounts owed to directors increased dramatically, by 540%, reaching £20,000. Creditors also rose by 38%, to £120,000. On a positive note, the company’s net assets increased by 110%, reaching £3,000. 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 debt and decrease in cash reserves warrants attention. There’s no auditor mentioned, which is common for small, exempt companies.

Overall, Domelec Electrical & Solar Ltd seems to be navigating the challenges of a growing business. Their strong Google rating and focus on renewable energy solutions position them well for the future, but they’ll need to manage their finances carefully to ensure long-term success.

Registered in England/Wales under the registration number 10805156, with a registered address at LL12 0PB, Wrexham, Suite 9 Llay Business Centre Rackery Lane, Llay.

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