Mhor Energy Limited

Mhor Energy Limited, based in Kinross, UK, is a small, active company founded six years ago. It employs just two people and holds £911,830 in assets. With three directors and one owner, Lindsay James, the company operates from a real address and is a somewhat irregular importer, primarily dealing in optical and medical tools and devices—just one month’s worth of imports were recorded as of February 2024.

The company’s website paints a picture of a forward-thinking energy storage solutions provider. It’s focused on helping the world transition to electric power, offering scalable, safe, and heat-resistant battery storage solutions for residential, commercial, industrial, and grid-scale applications. The site highlights the bespoke nature of their storage systems, emphasizing their non-flammable, non-toxic design and long-life, recyclable flow batteries. They even have a showroom in Harrods, London.

Financially, Mhor Energy Limited shows a remarkable turnaround. Cash reserves have exploded by 4,800%, reaching £890,000, a truly impressive jump. Current assets have also soared by 4,100%, reaching £910,000. Debtors have increased significantly, by 430%, to £20,000, which could indicate increased sales, but also a potential risk of delayed payments. Conversely, creditors have decreased by 25%, suggesting better management of short-term liabilities. The company’s small size—meeting two of three conditions for being considered small—allows for agility, but the dramatic increase in cash and assets suggests a period of significant investment or a successful funding round. There's no auditor mentioned, which is common for small companies.

In short, Mhor Energy Limited appears to be experiencing a period of rapid growth and financial health. While the increase in debtors warrants monitoring, the company’s strong cash position and expanding asset base point towards a promising future.

Registered in Scotland under the registration number SC622222, with a registered address at KY13 8DE, Scotland, Kinross, 198 High Street.

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