Solar Designs Limited

Solar Designs Limited, based in Freeland, UK, is a small, family-run business with an active status. Founded eleven years ago in 2013, it employs just one person and holds £159,409 in assets. The company, led by a single director and two owners, operates from a real address in Oxfordshire and regularly imports jewelry, precious stones, and metals, with the last import activity recorded four months ago.

The company’s website, though unavailable for direct analysis, indicates a focus on the manufacture of jewellery and related articles. It's a small operation, meeting two of the three criteria to be classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Solar Designs Limited presents a mixed picture. Cash bank on hand saw a dramatic increase of 390%, jumping to £40,000, while creditors rose by 20% to £91,000. Current assets also increased by 30% to £160,000, and equity grew by 38% to £71,000. However, property plant and equipment saw a 33% decrease, and net current assets liabilities increased by 45%. Future minimum lease payments also decreased by 24%. The company’s unaudited financial statements, prepared by Chapman Robinson and Moore Limited, show a reliance on director-reported data.

The increase in cash and equity suggests a period of growth, but the rising creditors and decreasing property plant and equipment could indicate increased debt and depreciation. It’s possible the company is investing in its operations, or it could be facing some financial pressures. The lack of an auditor, typical for small companies, means these figures aren’t independently verified.

Registered in England/Wales under the registration number 08701959, with a registered address at OX29 8HZ, United Kingdom, Freeland, Oxfordshire, Unit 4 Wroslyn Road Industrial Estate.

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