Saved Energy Ltd

Saved Energy Ltd, based in Haverthwaite, UK, is a small, active company founded ten years ago in June 2014. With three employees and £3,461 in assets, it’s a modest operation run by a single director and owner. Confirmation is overdue by eleven months, a detail that could indicate a need for administrative attention. The company operates from a real address and regularly imports optical and medical tools and devices, with five months of import activity recorded.

The company’s website reveals a focus on solar panel and battery storage solutions, serving both residential and commercial customers across Dorset and the wider UK. They offer a range of services, from initial consultations and technical surveys to installation and ongoing maintenance, and even offer a solar carport installation. They also sell a variety of batteries from brands like GivEnergy, QCells, and Tesla Powerwall. The website’s emphasis on customer service, with over 600 excellent reviews and a 9.98 rating on Checkatrade, suggests a strong focus on building a positive reputation.

Financially, Saved Energy Ltd presents a concerning picture. Net assets have plummeted by 10%, reaching -£100,000, while cash reserves have fallen dramatically by 93%, leaving just £190 remaining. Bank borrowings have decreased by 16%, and trade debtors have risen, suggesting potential cash flow issues. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) does allow for agility, but the sharp decline in equity and cash reserves is a significant worry. There's no mention of an auditor, which is typical for small companies. The accounts are unaudited and have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

It’s clear that while Saved Energy Ltd has built a strong reputation in the solar energy sector, it's currently facing financial challenges. Whether the company can navigate these difficulties and continue to thrive remains to be seen—but it's a situation that warrants close monitoring.

Registered in England/Wales under the registration number 09070231, with a registered address at LA12 8AF, United Kingdom, Haverthwaite, Melody House, Melody House.

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