Solar Advanced Systems Ltd

Solar Advanced Systems Ltd, based in Houghton Le Spring, UK, is a small holding company with an active status. Founded fifteen years ago in 2009, the company employs thirty-one people and holds assets totaling £3,019,563. It operates from a virtual address, a fact highlighted by the presence of twenty-three other companies registered at the same location. With six directors and one owner, and a solid Google rating of 4.0 based on ten reviews, Solar Advanced Systems Ltd is a regular importer of iron or steel products, with nineteen months of import activity recorded.

The company’s website, sasenergy.co.uk, showcases its role as a renewable energy specialist, particularly in solar PV installations. It operates under the EDF Renewables CI Solar Division and provides services ranging from site assessments and design to installation and maintenance. They cater to various sectors, including commercial, education, and public sectors, and even boast projects like transforming a car park into an energy-generating center with EV charging points. Their website also mentions a large-scale solar PV installation at the National Trust’s Wimpole Estate, eliminating 152 tonnes of CO2 emissions. They appear to be a full-service provider, offering financing, maintenance, and even disaster recovery for solar installations.

Financially, Solar Advanced Systems Ltd shows a mixed picture. Current assets dropped by 18%, reaching £3,000,000, while net assets increased by 16%, totaling £750,000. Bank borrowings are at zero, a positive sign, but cash reserves plummeted 87%, falling to just £190,000. Creditors decreased by 24%, suggesting improved debt management, but trade debtors increased by 20%, which could indicate difficulties in collecting payments. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The accounts are unaudited, a common practice for small companies, and no auditor is mentioned.

Overall, Solar Advanced Systems Ltd seems to be navigating a period of change. The decline in cash reserves is concerning, but the improved debt management and the growth in net assets suggest the company is working to strengthen its financial position. The reliance on EDF Renewables as a parent company likely provides stability, but the company’s future success will depend on its ability to maintain its competitive edge in the renewable energy market.

Registered in England/Wales under the registration number 07028136, with a registered address at DH4 5RA, England, Houghton Le Spring, Sunderland, Alexander House 1 Mandarin Road, Rainton Bridge Business Park.

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