Drivenergy Ltd

Drivenergy Ltd from Truro UK: small company, active status, founded 10 years ago, 1 employee, virtual address, 1 director, 1 owner, solo founder. Irregular importer of electrical machinery and equipment (1 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the electrical installation industries.

Drivenergy is a supplier of premium EV charging solutions to the automotive industry, fleets, hospitality and businesses. Its website showcases a range of EV charging points and services, including workplace charging, fleet charging, and public charging options. The company even offers cloud services for remote performance monitoring and usage reporting. They supply AC charging points up to 43kW and DC chargers for even faster charging, along with a selection of premium quality charging cables. A guide to charging an EV is available on the website.

Financially, Drivenergy Ltd’s recent reports show some interesting trends. Accumulated depreciation increased by 25%, reflecting investment in property, plant and equipment. Bank borrowings decreased significantly, dropping 62% - a positive sign. However, net assets also decreased, falling 7.1% to -£59,000. Trade creditors decreased by 10%, suggesting improved debt management. The company’s small size helps it stay agile, but the decline in equity raises questions. There’s no mention of an auditor, likely due to its small size and exemption from an audit. The company’s turnover is not mentioned, but it’s likely to be relatively low given its size.

The company's financial data shows a mixed picture. While bank borrowings have decreased, the company's net assets are negative, indicating a reliance on external funding or a need to improve profitability. The decrease in total inventories by 51% could mean a shift in purchasing strategies or a slowdown in sales. The increase in trade debtors by 73% suggests customers are taking longer to pay, which could strain cash flow. The company’s reliance on a single employee and its virtual address, where 191 companies are registered, could also pose challenges in the long run.

Registered in England/Wales under the registration number 09053276, with a registered address at TR1 2NA, United Kingdom, Truro, Cornwall, Lowin House, Tregolls Road.

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