Green Solar Limited

Green Solar Systems Ltd, based in Ilford, UK, is a small, active company established fifteen years ago. With three employees and £135,430 in assets, it's a solo-founded venture led by a single director and owner, Rafiq Abrar. The company has a real registered address and maintains a 1.0 Google rating based on just one review, suggesting room for improvement in customer perception. It’s a regular importer, though its top import category is listed as "None" with just five months of import activity recorded.

The company's website highlights a focus on renewable energy solutions, particularly solar panel installations for both residential and commercial clients. It offers a range of services, including commercial solar solutions, electric vehicle charging, and air source heat pumps. The site emphasizes a "professional, obligation-free survey" and positions itself as a trusted partner in transitioning to solar energy. The website also mentions a partnership with Phoenix Financial Consultants for finance options.

Financially, Green Solar Systems Ltd presents a mixed picture. Current assets have decreased by 12%, falling to £130,000, while net assets have also declined by 17%, dropping to £68,000. Bank borrowings have decreased by 5%, reaching £64,000, and cash reserves have fallen significantly by 77%, leaving just £6,300. Creditors have also decreased by 18%, suggesting some improvement in managing short-term liabilities. The company’s size (meeting two of three criteria for a small company) allows for agility, but the decline in equity and cash reserves raises concerns. As a small company, it’s exempt from an audit, and the financial statements are unaudited.

The company's focus on solar energy is commendable, but the financial data suggests it’s burning through cash. Whether it can sustain its growth and navigate these financial pressures remains to be seen.

Registered in England/Wales under the registration number 07125341, with a registered address at IG3 8LJ, Ilford, 134 Norfolk Road, Newbury Park.

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