Off Grid Engineering Ltd

Off Grid Engineering Ltd, based in Porthcawl, UK, is a small, active company founded five years ago. With three employees and £278,474 in assets, it’s a modest operation led by two directors and two owners. The company has a real address and regularly imports electrical machinery and equipment, with 26 months of import activity recorded.

The company specializes in off-grid solar power systems and related upgrades for both homes and businesses. Their website highlights a hands-on approach, emphasizing specialist engineers designing bespoke systems, quality products, and comprehensive project management from start to finish. They even boast unique monitoring capabilities for ongoing support, and the ability to expand systems as energy needs grow. Recent projects showcased include solar installations in Port Talbot, Salisbury, and Herefordshire, demonstrating a diverse range of applications.

Financially, Off Grid Engineering Ltd’s recent report shows some concerning trends. While cash bank on hand increased slightly to £50,000, net assets decreased significantly, falling 1600% to £26,000. Creditors rose 53% to £48,000, while trade debtors dropped by 54%, suggesting potential payment issues. There was a large increase in amounts owed by directors, rising 4900% to £49,000, which could be a temporary financing arrangement. 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 for flexibility, but the decline in equity warrants attention. No auditor is mentioned, which is typical for small companies.

Registered in Wales under the registration number 12426283, with a registered address at CF36 5AN, Wales, Porthcawl, 24 Birch Walk.

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