Solar Store Ltd

Solar Store Ltd, based in London UK, is a small, active company founded four years ago in 2020. It operates as an e-commerce site and has a single director and owner. The company’s registered address is a virtual one, shared by over 28,000 other businesses, suggesting a shared service or co-working space. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website showcases expertise in designing, supplying, and installing renewable energy systems for homes and businesses throughout the UK. Solar Store emphasizes delivering reliable, affordable, and sustainable energy solutions, aiming for excellent returns on investment for its customers. They highlight the benefits of solar power systems—protecting against rising energy prices and providing a clean, private source of electricity. Products and services include solar systems, battery backup systems, and off-grid living solutions. The website also features a blog and social media presence, including links to Facebook, LinkedIn, and X.

Financially, Solar Store Ltd presents a concerning picture. Cash bank on hand has plummeted by 50% to just £50, while creditors have increased by 67% to £250. Equity has suffered a dramatic 100% decrease, now sitting at -£300, and net assets liabilities have tripled to -£200. Although creditors within one year have increased, the sharp decline in equity and cash reserves is a red flag. The company’s small size helps it remain flexible, but the financial strain is evident. No auditor is mentioned, consistent with its status as a small company exempt from an audit.

Despite the financial challenges, Solar Store Ltd's focus on renewable energy and customer satisfaction suggests a commitment to its niche market. The company's website is well-designed and informative, showcasing its expertise and highlighting the benefits of solar power. It’s clear the company is trying to do well, but the numbers suggest it’s burning through money, and it's a little bit worrying.

Registered in England/Wales under the registration number 12806428, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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