Savawatt Controls Ltd

Savawatt Controls Ltd, based in Tugby, UK, is a small, active company founded five years ago in 2019. With £194,986 in assets and a virtual registered address (shared by 69 other companies), it employs five people and is run by two directors and owners. The firm has a stellar 5.0 Google rating based on a single review, indicating a positive customer experience. Savawatt Controls operates in the information technology consultancy activities industries and is an irregular importer, primarily dealing in electrical machinery and equipment, with the last import recorded one month ago in January 2024. It’s a family business, and the company’s name was previously Savawatt Controlls Ltd.

The company’s website is currently unavailable, making it difficult to assess its online presence and specific services. Without a website, it's unclear if Savawatt Controls Ltd operates an e-commerce platform or focuses on direct client engagements.

Financially, Savawatt Controls Ltd presents a mixed picture. Current assets have significantly dropped by 52%, falling to £190,000, while net assets have also decreased by 41%, settling at £86,000. Cash reserves have taken a substantial hit, declining 75% to just £28,000. Trade debtors have also decreased significantly, dropping 62% to £110,000. On a brighter note, creditors have fallen by 40%, indicating improved management of short-term liabilities. 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 sharp decline in equity raises concerns about its financial health. As a small company, it is exempt from an audit, so the financial statements are unaudited.

The significant drop in cash reserves and net assets suggests the company may be burning through money, potentially due to increased operating expenses or decreased sales. The reduction in debtors could be a positive sign of better collection practices, or it could indicate a slowdown in sales. The company’s future success will depend on its ability to stabilize its financial performance and generate sustainable revenue.

Registered in England/Wales under the registration number 12162008, with a registered address at LE7 9WE, England, Tugby, Leicestershire, Valley View Tugby Orchards Business Centre, Wood Lane.

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