Powerhouse Exergy Limited

Powerhouse Exergy Limited is a small, active company based in Belfast, UK, founded seven years ago in May 2018. It employs three people and holds £1,380,465 in assets. With a real registered address and three directors, but no listed owners, it operates as a regular importer of electrical machinery and equipment, with nine months of import activity recorded, the latest in January 2024. The company’s core business involves trade of electricity industries.

The company’s website, powerhousenergy.co.uk, is minimal, providing basic contact information and a brief description of its services. It doesn't appear to operate an e-commerce site, suggesting a business-to-business model focused on supplying electrical equipment rather than direct retail.

Financially, Powerhouse Exergy Limited shows a mixed picture. Current assets have increased by 22% to £1,400,000, while net assets have surged 140% to £260,000. Cash reserves have also increased significantly by 55% to £470,000. However, creditors have risen by 23%, reaching £1,600,000, and debtors have increased by 11% to £910,000. Accumulated depreciation has increased by 84% to £420,000. The company meets two of three conditions for being classified as a small company: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The accounts are abridged and unaudited, exempt from audit under the Companies Act, and prepared in accordance with Financial Reporting Standard 101. No auditor is listed.

The increase in both assets and liabilities suggests the company is expanding its operations, potentially investing in inventory or equipment to meet growing demand. The rise in creditors could indicate a reliance on trade credit, while the increase in debtors may reflect extended payment terms for its customers. The significant increase in retained earnings is a positive sign, indicating profitability. It's possible the company is experiencing growing pains as it scales up its business—but the strong asset growth and rising equity suggest a healthy trajectory.

Registered in Northern Ireland under the registration number NI653036, with a registered address at BT1 6DN, Northern Ireland, Belfast, 4th Floor Glendinning House, 6 Murray Street.

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