Solapak Systems Limited

Solapak Systems Limited, based in Axminster, UK, is a small, active company established 22 years ago. With five employees and £634,672 in assets, it operates from a virtual address – a detail flagged by the presence of 33 other companies registered at the same location. The company has four directors and two owners, though the list of owners changed a year ago. It's a regular exporter of electrical machinery and equipment, with 12 months of export activity recorded, the last in December 2024. However, its import activity is irregular, with just one month of imports noted in May 2023.

The company's website highlights its specialization in off-grid solar power systems, targeting industrial and home applications. It boasts a heritage dating back to the 1970s, initially focused on solar cell research before evolving into a supplier of professional solar systems. The website emphasizes the company’s ability to design and supply dependable standalone solar power solutions, catering to hazardous areas and even offering disaster recovery for damaged pianos – a surprising connection to a separate piano restoration venture.

Financially, Solapak Systems Limited presents a mixed picture. Current assets have decreased by 30% to £630,000, while net assets have increased by 70% to £190,000. Cash reserves have improved significantly, rising 74% to £500,000. However, trade debtors have plummeted by 92%, suggesting difficulties in collecting payments, and other inventories have increased dramatically, jumping 6200% to £89,000. Bank borrowings have decreased by 29%, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 0 employees) allows for flexibility, but the sharp decrease in debtors warrants attention. As a small company, it is exempt from an audit, and the figures are unaudited.

Overall, Solapak Systems Limited appears to be navigating a period of change. While cash reserves are healthy, the decline in debtors and the increase in inventories suggest potential challenges in managing working capital. The company's diverse offerings – from solar power systems to piano restoration – present both opportunities and complexities.

Registered in England/Wales under the registration number 04594857, with a registered address at EX13 5AX, England, Axminster, 2 Victoria Hall, Coombe Lane.

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