Solar Collect Limited

Solar Collect Ltd from Preston UK: small company, active status, founded 17 years ago, £48,248 assets, yearly revenue: £1,499, real address, 3 directors, 1 owner, e-commerce site. It’s a small, active business operating from Preston, UK, established seventeen years ago. With a modest £48,248 in assets and a yearly revenue of just £1,499, it’s a tiny operation run by three directors and a single owner, and it has a real address. The company operates an e-commerce site, suggesting a focus on online sales.

The website reveals Solar Collect Ltd specializes in renewable energy equipment, particularly microgeneration products. It sells evacuated tube solar thermal collectors, solar water heaters, photovoltaic modules, and related components. The site emphasizes the importance of renewable energy and the UK government's Microgeneration Strategy and Renewable Heat Incentive. It even provides information on payback times for equipment, though it notes that current estimates are often inaccurate. The site’s content is informative, but it hasn’s been updated recently.

Financially, Solar Collect Ltd presents a mixed picture. Current assets have decreased by 4%, settling at £48,000, while net assets have fallen by 8.4% to -£27,000. Cash reserves have also declined by 3.5%, dropping to £26,000. Turnover has fallen by 27% to £1,500. Trade debtors have dramatically decreased, suggesting better collection practices, but creditors have remained constant at £75,000. The company's small size (meeting two of three criteria for a small company) allows it to remain flexible, but the decrease in equity and turnover raises concerns. There’s no auditor mentioned, likely due to its small size and exemption from an audit.

The company’s financial situation suggests it’s struggling to generate profit, and it’s burning through money. It's possible that the business has been impacted by increased competition or changing market conditions. It’s unclear whether the company can sustain its current trajectory, but its focus on renewable energy and its online presence offer potential for growth.

Registered in England/Wales under the registration number 06234018, with a registered address at PR2 8WB, Preston, Lancashire, 2 Masonwood, Fulwood.

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