Simply Split Charge Ltd

Simply Split Charge Ltd, based in Millom, UK, is a small, active company established ten years ago. With six employees and a 5.0 Google rating from 53 reviews, it’s a well-regarded operation. The company, run by a solo founder and two directors, operates an e-commerce site specializing in vehicle and marine electricals. It’s an irregular importer, bringing in electrical machinery and equipment for around one month out of the last two years, with the last import occurring in November 2022.

The website showcases a vast selection of products, from battery chargers and inverters to solar panels and wiring kits, catering to campervans, motorhomes, caravans, and marine vessels. It even offers complete electric wiring kits, and has a blog with helpful advice on battery charging. The company emphasizes quality, competitive pricing, and expert customer support, and even offers wholesale options.

Financially, Simply Split Charge Ltd presents a mixed picture. While assets remain relatively stable at £220,000, net current assets have fallen by 12% to £86,000. Bank borrowings have increased by 10% to £140,000, and cash reserves have decreased by 10% to £100,000. Creditors have also risen by 10% to £340,000. The company meets two of the three criteria to be classified as small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it's exempt from a full audit, and the financial statements are unaudited.

The company’s reliance on imports, while offering a diverse product range, could expose it to supply chain disruptions. The rise in creditors suggests a need to manage payment terms, and the decrease in cash reserves warrants careful monitoring. Overall, Simply Split Charge Ltd appears to be a well-run, niche business, but it’s facing some financial pressures that need to be addressed.

Registered in England/Wales under the registration number 09239495, with a registered address at LA19 5UR, England, Millom, Cinderhill Farm, Whitbeck.

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