Freeman Solutions Limited

Freeman Solutions Ltd, based in Leeds, UK, is a small, active company established 20 years ago. Employing ten people, it holds £678,129 in assets and operates from a real address. With three directors and one owner, the company runs an e-commerce site and regularly imports electrical machinery and equipment—nineteen months of import activity recorded, with the last operation in February 2024. It exports irregularly, with only one month of activity in November 2019.

The website showcases a wide range of electrical components and equipment, including contactors, power metering devices, circuit breakers, and switch disconnectors. It caters to industrial and commercial clients, offering products from brands like Schneider Electric and ABB. The site also features a blog with technical articles and product updates, and a "customer support" section with FAQs and contact information. It's a well-stocked site, and the breadth of products suggests a focus on wholesale distribution.

Financially, Freeman Solutions Ltd’s numbers present a mixed picture. Current assets have decreased by 17%, falling to £680,000, while net assets have also dropped by 9%, settling at £550,000. Bank borrowings have seen a significant increase of 14%, reaching £170,000, and cash reserves have fallen by 32%, to £190,000. Creditors have decreased by 24%, which is a positive sign. The company’s size—meeting two of three criteria for a small company—allows for agility, but the decline in equity warrants attention. There's no auditor mentioned, so the figures are unaudited.

The company’s turnover is not mentioned, but it’s likely to be under £10.2 million. The increase in bank borrowings and decrease in cash reserves suggests that the company may be facing some financial pressure, but the decrease in creditors indicates that it’s managing its debts effectively. The irregular export activity and reliance on imports could also be a vulnerability.

Registered in England/Wales under the registration number 05150824, with a registered address at LS17 6LL, England, Leeds, 20 Allerton Grange Gardens, Moortown.

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