Sokratherm Ltd
- Dissolved
- Small
- 6 years
- 1 employee
- £277,645 (cur assets)
- 0-1m
- Regular importer
- Virtual address
- 2 directors
- 2 owners
- Family business
- London
- Rating 4.0 (3)
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Sokratherm Ltd from London UK: a small, active company founded six years ago, currently has accounts overdue by seven months, employs just one person, and holds assets worth £277,645. Operating from a virtual address, the company is a family business with two directors and two owners, boasting a respectable Google rating of 4.0 based on three reviews. It's a regular importer of electrical machinery and equipment, with four months of import activity recorded.
The company’s core business revolves around Blockheizkraftwerke (BHKW), or Combined Heat and Power (CHP) systems, alongside heat pumps. Its website showcases a range of CHP modules, from 50kW to 500kW, emphasizing efficiency, reliability, and compact design. Sokratherm also offers comprehensive service and support, including maintenance, planning assistance, and a dedicated online portal for engineers. The company’s history stretches back 45 years, positioning it as a veteran in the CHP sector.
Financially, Sokratherm Ltd presents a mixed picture. Cash reserves have plummeted by a staggering 98%, leaving just £7300 on hand. Current assets have also decreased significantly, falling 49% to £280,000. However, trade debtors have increased by a substantial 94%, reaching £110,000—potentially indicating a shift in payment terms or increased sales on credit. Equity has also seen a dramatic drop, decreasing 230% to -£250,000, a significant concern. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are audited, and Blick Rothenberg Audit LLP served as the auditor.
While the company's long-standing presence and focus on specialized energy solutions suggest stability, the sharp decline in cash and equity raise questions about its financial health. The increase in trade debtors could be a short-term strategy to manage cash flow, but it also carries the risk of bad debts. The company's future hinges on its ability to maintain sales, manage its debts, and secure additional funding, if needed.
Registered in England/Wales under the registration number 11938120, with a registered address at WC2B 5AH, United Kingdom, London, 16 Great Queen Street.
WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Owners & PSC
-
Individual
- 6 years
- 25%+
-
Resident of Germany
-
Individual
- 6 years
- 25%+
-
Resident of Germany
Managers
-
Individual
- 6 years
- 1
-
Resident of United Kingdom
-
Individual
- 6 years
-
Resident of Germany
Last reports
The latest confirmation statement submitted one year ago.
Last news
-
Final Gazette dissolved via compulsory strike-offDownload 1 page pdf report
-
First Gazette notice for compulsory strike-offDownload 1 page pdf report
-
Accounts for a small company made up to 2022-12-31Download 11 pages pdf report
Importer profile by HS codes
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Import HS codes in detail
Last imported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
FAQ about Sokratherm Ltd
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