Solai Services Limited

Solai Services Ltd, based in Wembley, UK, is a large holding company with an active status, having operated for 40 years. Established in 1985, the company employs 33 people and holds assets worth £1,434,658. Yearly revenue stands at £5,181,381, although it uses a virtual address, which is a little concerning. Six directors and one owner oversee operations, and the company has a Google rating of 3.0 based on just two reviews. The company is an irregular importer of optical and medical tools and devices, with only one month of imports recorded, and a regular exporter of machinery, boilers, and mechanical appliances, boasting 101 months of export activity.

The company’s website reveals Solai Holdings Limited operates across various sectors, including oil and gas, manufacturing, shipping, and real estate, both in the UK and Africa. It invests in and supports leading companies within these industries. The website is well-designed, and it's clear the company is trying to project an image of stability and long-term investment.

Financially, Solai Services Ltd shows a mixed picture. While current assets increased by 23% to £1,400,000, net assets grew by a more substantial 86% to £1,200,000. Bank borrowings decreased by 44%, and cash reserves increased by 7.6% to £280,000. However, administrative expenses decreased by 2.4%, and turnover revenue declined by 2.7%. The company’s size qualifies it as large, meeting two of three criteria: turnover exceeding £36 million, balance sheet total over £18 million, and more than 250 employees. The lack of a mentioned auditor suggests it's likely exempt from an audit, relying on unaudited financial statements.

Overall, Solai Services Ltd appears to be financially stable, with growing assets and cash reserves. The decrease in administrative expenses is a positive sign, but the slight decline in turnover revenue warrants further observation. The company’s diverse investments and experienced management team suggest a resilient business model, although the virtual address is a little odd.

Registered in England/Wales under the registration number 01880666, with a registered address at HA9 8BU, England, Wembley, Middlesex, Portland House 69-71 Wembley Hill Road.

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