Elco Group Ltd

Elco Group Ltd from Rochester UK: a small company with an active status, founded 7 years ago, employs 6 people, and holds £3,309,629 in assets. It’s a real address, managed by a single director and owner, and regularly imports aluminum and aluminum products—5 months of import activity recorded, the last in May 2024. The company operates in the electrical installation industries.

The company’s website, EG Solar, positions itself as a provider of solar panel solutions for businesses. It offers services ranging from new build solar installations to retrofits, battery storage, and EV charger installations. The site emphasizes sustainable power and offers a “one-stop-shop” for renewable energy needs, with a focus on efficient processes—survey, planning, installation, and service. Case studies highlight projects with major clients like Solar Excel Centre, ALDI Supermarket, Tottenham Hotspur, and Liverpool FC. It’s a well-designed site, clearly aimed at a B2B audience.

Financially, Elco Group Ltd presents a mixed picture. Accumulated depreciation for computer equipment increased by 65%, while furniture fittings saw a 60% increase. However, bank borrowings decreased by 29%, and cash bank on hand jumped a remarkable 530% to £800,000. Creditors increased significantly by 100%, and trade debtors also rose by 130%. The number of employees reported increased by 50%, from 6 to 9. These numbers suggest the company is growing, but also taking on more debt. The significant increase in cash reserves is a positive sign, but the rising debt levels should be monitored. 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 it to remain flexible, but the growth in debt could pose a challenge. No auditor is mentioned, likely due to the company's exemption as a small entity. The company’s success will depend on its ability to manage its debt and continue to secure new solar projects.

Registered in England/Wales under the registration number 10897802, with a registered address at ME2 4NP, England, Rochester, Kent, C6 Spectrum Business Estate, Anthonys Way.

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