Smart Energy Systems Limited

Smart Energy Systems Ltd, based in Machynlleth, UK, is a small, active company founded 14 years ago in 2010. With three employees and £239,869 in assets, it operates from a real address and is overseen by one director and owner. The company is an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances—parts, with the last import activity occurring one month ago in June 2023. It operates in the other construction installation industries.

The company’s website is non-existent, making it difficult to determine if it operates an e-commerce platform or focuses solely on business-to-business sales.

Financially, Smart Energy Systems Ltd presents a mixed picture. While net assets increased by 12% to £150,000, current assets declined by 44% to £240,000. Bank borrowings decreased significantly by 30%, reaching £15,000, and cash reserves saw a substantial increase of 220%, reaching £86,000. Creditors decreased by 39%, suggesting improved debt management, but other creditors increased dramatically by 1400%, reaching £92,000. 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 agility, but the decrease in current assets and the large increase in other creditors could indicate a need to carefully manage cash flow. The company’s unaudited accounts, as a small company, rely on director-reported data.

The increase in other creditors could be due to a number of factors, such as increased supplier costs or delayed payments from customers. The decrease in current assets could be a result of increased inventory levels or a slowdown in sales. It’s likely that the company is still working to establish a stable financial foundation, but the increase in cash reserves is a positive sign.

Registered in England/Wales under the registration number 07275096, with a registered address at SY20 8QG, Machynlleth, Powys, Ffridd Mill House, Ffriddgate.

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