Powerlink Limited

Powerlink Limited is a small, active company based in Glasgow, UK, established sixteen years ago in 2008. It’s a solo-founded operation with one director and owner, Majekodunmi Olufemi Adeoluwa, and operates from a virtual address shared by many other businesses. The company holds just £1,822 in assets and generates £57,397 in yearly revenue. It’s classified as a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Powerlink Limited specializes in manufacturing and supplying power generators, battery storage solutions, and related equipment. Its website showcases a wide range of products, including diesel and gas-powered generators, lighting towers, air compressors, and CHP units, catering to industrial, telecommunications, healthcare, and construction sectors. The company emphasizes innovation and reliability, with a global network of distributors and dealers. They even offer bespoke solutions, with a focus on excellence.

Financially, Powerlink Limited presents a concerning picture. Current assets have plummeted a staggering 96%, leaving just £1,800 remaining. Net assets have also taken a significant hit, falling 150% to -£15,000. The company’s operating profit has swung from a modest £450 to a substantial loss of -£44,000. Bank borrowings have also decreased, but the sharp decline in cash reserves and the substantial losses suggest the company is burning through money. While the company’s turnover has decreased by 37%, the increase in administrative expenses by 16% has also contributed to the losses. With no auditor mentioned, the figures are unaudited. It's a bit worrying, really.

Registered in Scotland under the registration number SC346954, with a registered address at G2 4JR, Scotland, Glasgow, 272 Bath Street.

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