Solagen Limited

Solagen Ltd from Yate UK: small company, active status, founded 24 years ago, 18 employees, £298,861 assets, real address, 1 director, 1 owner. Regular importer of electrical machinery and equipment (3 months imported). Regular exporter of electrical machinery and equipment (16 months exported). It’s a small, family-run business with a long history, operating from Westerleigh Business Park. Founded in 2001, Solagen Ltd is a limited company with a real address and a single director, Barraclough David, who also acts as the owner. The company employs eighteen people and holds a modest £298,861 in assets.

Solagen’s core business revolves around the manufacture of other electrical equipment, as indicated by its industry classification. It’s a regular importer, bringing in electrical machinery and equipment for three months, with the last import operation recorded in October 2023. It also exports electrical machinery and equipment for sixteen months, with the most recent export taking place in August 2024. The company's website is currently unavailable, so it's difficult to determine if it operates an e-commerce platform or primarily serves business-to-business clients.

Financially, Solagen Ltd shows some concerning trends. Current assets have decreased by 23%, dropping to £300,000, while net assets have fallen 5.6% to £23,000. Bank borrowings have increased significantly by 180%, reaching £28,000, and cash reserves have declined 16% to £16,000. Creditors have also decreased by 22%, which could suggest improved debt management. The company's small size—meeting two of three conditions for a small company—allows for agility, but the decline in equity is a cause for concern. The lack of an auditor mentioned likely means the accounts are unaudited.

The company's financial data reveals a mixed picture. While the decrease in creditors is a positive sign, the decline in cash reserves and the increase in bank borrowings suggest Solagen Ltd is facing financial pressures. It's possible the company is investing in growth or dealing with increased costs, but the trends warrant close monitoring. The single director structure, while common for small businesses, could also indicate a reliance on one person to manage all aspects of the company.

Registered in England/Wales under the registration number 04186408, with a registered address at BS37 5YS, Yate, Bristol, Unit 8 Easter Court, Westerleigh Business Park.

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