Nz Eco Electric Ltd

Nz Eco Electric Ltd, based in Bishop Auckland, UK, is a small, active company established 14 years ago. With just two employees and £109,323 in assets, it’s a modest operation overseen by two directors and a single owner. The company boasts a perfect 5.0 Google rating from one review, highlighting its strong customer service. It’s an irregular importer, primarily bringing in electrical machinery and equipment, with its last import occurring in October 2024.

The company’s website reveals a focus on renewable energy solutions, particularly solar PV systems, battery storage, and EV charging. It positions itself as a specialist installer and supplier, partnering with brands like SolarEdge and MyEnergi. The site emphasizes design, installation, upgrades, and repairs, catering to both domestic and commercial clients. It’s clear the company has shifted its focus to renewables, no longer offering standard electrical services due to an increasingly heavy workload.

Financially, Nz Eco Electric Ltd presents a mixed picture. While cash bank on hand decreased by 26% to £52,000, creditors saw a significant drop of 38% to £91,000—a positive sign of improved debt management. Net assets, however, increased by 110% to £41,000, and net current assets improved dramatically, jumping from a negative £680 to a positive £19,000. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the increased equity suggests a need to reinvest in the business. No auditor is mentioned, which is common for small companies. The company's focus on renewables, while promising, will need to translate into sustained profitability.

Registered in England/Wales under the registration number 07263856, with a registered address at DL13 3EZ, England, Bishop Auckland, County Durham, 62 Lydgate Lane, Wolsingham.

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