Sol Power Re Ltd

Sol Power Re Ltd, based in St. Albans, UK, is a small, active company established 14 years ago. With two employees and £44,452 in assets, it operates from a real address and is managed by two directors and owners. Boasting a perfect 5.0 Google rating from five reviews, the company is an irregular importer of electrical machinery and equipment, with its last import activity occurring one month ago.

The company’s website highlights its focus on solar energy solutions for homes, offering services like solar PV installations, battery storage, and EV charger setups. It positions itself as a local specialist, emphasizing a holistic approach to system design and maximizing customer savings. The website also showcases completed projects and accreditation details, reinforcing its commitment to quality and expertise. It's clear they're aiming to be a one-stop shop for homeowners looking to transition to renewable energy.

Financially, Sol Power Re Ltd presents a mixed picture. While cash bank has increased by a respectable 45% to £44,000, net assets have seen a significant jump of 170% to £18,000, and retained earnings have also increased substantially. However, directors’ advances have fluctuated—with repayments up 60% but advances down 47%. Trade debtors have plummeted, suggesting improved cash flow management, but creditors have risen by 51%, which could be due to increased stock purchases. 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 flexibility, but the fluctuations in director advances warrant closer attention. As a small company, it's exempt from a full audit, relying on unaudited financial statements.

Overall, Sol Power Re Ltd seems to be growing, but the management of director advances and the rise in creditors should be monitored closely. Their focus on solar energy and positive customer reviews suggest a solid foundation for future success.

Registered in England/Wales under the registration number 07318821, with a registered address at AL3 5HP, St. Albans, Herts, 47 Watson Avenue.

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