Onsolar Ltd

Onsolar Ltd from Langport UK: a small, active company founded 20 years ago, holds £21,125 in assets, and operates from a real address. It’s a family business with three directors and two owners. The company is an irregular importer, primarily dealing in optical and medical tools and devices, with just one month of import activity recorded in 2022. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, Onsolar.co.uk, showcases a range of 12V and 24V LED and CFL fluorescent solar lighting solutions for off-grid applications like homes, boats, and caravans. The site emphasizes energy efficiency and DC lighting technology, targeting customers seeking to reduce power consumption and save energy. It offers a variety of products, including downlights, floodlights, and accessories, and even provides blog content on topics like solar lighting systems and cable voltage drop. The website gives the impression of a specialist retailer catering to a niche market of off-grid and energy-conscious consumers.

Financially, Onsolar Ltd presents a mixed picture. While bank borrowings increased by 39%, cash reserves decreased by 6.6%. Creditors rose slightly, but trade debtors saw a significant drop of 28%. Net assets declined by 7.4%, and losses deepened, leaving the company with negative equity. 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 declining equity and increased borrowings are concerning. With no auditor mentioned, the figures are unaudited.

Overall, Onsolar Ltd appears to be navigating a challenging financial landscape. While its niche product offering and online presence suggest a focused business model, the financial data indicates a need for careful management and potentially a review of its operational strategies.

Registered in England/Wales under the registration number 05126643, with a registered address at TA10 9RL, England, Langport, R & J Business Solutions, North Street.

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