Power Supplies Group Limited

Power Supplies Group Ltd from Walsall, UK, is a small, active company founded twelve years ago in 2012. Employing eight people, it holds £3,919,399 in assets and operates from a real address. With four directors and three owners, the company regularly imports and exports electrical machinery and equipment—90 months of imports and 8 months of exports recorded. It’s a real business, not a shell company.

The company’s website highlights its partnership with Top Cable Group, a significant presence in the renewable energy market, supplying cables for solar, BESS, and wind power projects. They also offer a range of products, including cable glands, connectors, and LV/MV joints. The website’s “Latest News” section announces a move to a new site at Venture Park, Lindon Road, Walsall, WS8 7BW—a positive sign of growth. They've got a good contact page too, with a phone number and address.

Financially, Power Supplies Group Ltd presents a mixed picture. While cash reserves have dramatically increased by 690% to £1.2 million, net assets have also risen by 52% to £1.1 million. However, creditors have increased significantly by 70% to £2.8 million, and bank borrowings have decreased by 8.1% to £11,000. Trade debtors have also increased by 9.3% to £1.7 million. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the rise in creditors suggests a need to manage debt carefully. There's no auditor mentioned, likely due to its small size, so the figures are unaudited.

Overall, Power Supplies Group Ltd seems to be growing, evidenced by its new site and increased cash reserves. However, the rising debt levels warrant close monitoring. It’s a solid business, but it needs to keep a close eye on its finances to sustain its growth.

Registered in England/Wales under the registration number 08283351, with a registered address at WS8 7BW, England, Walsall, Unit B Venture Park, Lindon Road.

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