Socomec (uk) Ltd

Socomec (uk) Ltd from London UK is a small, active company founded twelve years ago in 2012. It employs just two people and holds £173,977 in assets, operating from a virtual address shared by fifty-four other companies. The company has two directors and two owners, though it’s important to note that the ownership list may not be exhaustive. It’s a regular importer and exporter of electrical machinery and equipment, with a long history of activity – 823 months importing and 117 months exporting.

The company’s website showcases a broad range of electrical products and services, from power switching and monitoring to energy storage solutions. It caters to diverse industries, including data centres, healthcare facilities, buildings, and renewable energy projects. Notably, the site highlights digital services like remote troubleshooting and energy management software, suggesting a focus on modernizing power infrastructure. It's a wholesale business, not an e-commerce site.

Financially, Socomec (uk) Ltd’s recent report shows some concerning trends. Current assets have dropped significantly – a 40% decrease to £170,000. Net assets have plummeted an even greater 97%, leaving just £2,200. Bank borrowings increased by 29%, reaching £24,000, while cash reserves fell by 50% to £52,000. Creditors have risen by 21%, and trade debtors have fallen by 52%. The company’s small size (meeting two of three conditions for being small) helps it remain flexible, but the sharp decline in equity is a red flag. The lack of an auditor, as it's exempt as a small company, means the figures are unaudited.

In summary, Socomec (uk) Ltd is a small business facing financial challenges. While its core business of importing and exporting electrical equipment seems stable, the recent financial performance raises questions about its long-term viability. It's a bit worrying, but the company’s established presence and diverse product offerings could help it weather the storm.

Registered in England/Wales under the registration number 08278406, with a registered address at N21 2AD, England, London, 940 Green Lanes.

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