P B Battery Solutions Limited

Pb Battery Solutions Ltd, based in Wigan, UK, is a small, active company founded twelve years ago in 2012. With two employees and £276,512 in assets, it operates from a virtual address shared by fifty-four other companies—a bit unusual. The business is run by a solo founder and director, Paul Byrne, and features an e-commerce site selling forklift batteries, chargers, and off-grid power solutions. It regularly imports electrical machinery and equipment, with the latest import occurring in June 2024, and has sporadically exported “none” – just one month of activity recorded in 2021.

The company's website, salespbbatterysolutions.co.uk, highlights its expertise in forklift battery services, including repairs, reconditioning, and recycling, as well as offering solar panels and inverter systems. It even boasts a page dedicated to used forklift batteries and a section showcasing customer testimonials—a nice touch. The site’s content suggests a focus on both retail and technical support, catering to a range of customers from small businesses to larger industrial operations.

Financially, Pb Battery Solutions Ltd presents a mixed picture. Cash bank on hand has increased by a significant 68%, reaching £170,000—a positive sign. However, trade debtors have decreased by 27%, suggesting potential issues with customer payments. Equity has grown by 23%, reaching £260,000, and creditors have decreased by 52%, which could indicate improved debt management. Despite the growth in equity, it’s worth noting that the company's net current assets liabilities have increased by 30%. The company is exempt from an audit, so the figures are unaudited.

The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the fluctuating debtor and creditor balances warrant close monitoring. It’s clear that Pb Battery Solutions Ltd is a focused operation—but whether it can sustain its growth remains to be seen.

Registered in England/Wales under the registration number 08196424, with a registered address at WN6 8EA, England, Wigan, 10 Broad O Th Lane, Shevington.

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