Solarfire Systems Limited

Solarfire Systems Ltd, based in Wokingham, UK, is a small, active company founded eleven years ago. With six employees and £899,258 in assets, it operates from a virtual address – seventeen companies registered at the same location, which is a bit unusual. The company is led by two directors and has one owner, Bressington Lee Charles. It’s an irregular importer of iron or steel products (two months, latest in 2023) and a regular exporter (ten months, latest in April 2024).

The company specializes in fire detection, alarm, and suppression systems installation, offering a range of services from water mist systems to kitchen fire protection. Its website highlights expertise in specialist knowledge of fire suppression engineering, design, commissioning and maintenance. They offer a wide array of products, including high-pressure, low-pressure, gas suppression, and inert gas systems, catering to commercial and industrial clients. They even offer a "Free Silver Medal service contract" for the first operational year, a nice touch.

Financially, Solarfire Systems Ltd has seen some interesting shifts. Current assets have fallen by 13% to £900,000, while net assets have plummeted 50% to £210,000 – a significant drop. Bank borrowings have decreased by 46%, and cash reserves have increased dramatically by 830% to £100,000. Creditors have also increased by 18%. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is typical for small companies.

The sharp decline in equity is something to watch. While the company’s cash position has improved considerably, the drop in net assets suggests potential challenges. It's possible the company has been investing in growth or managing increased costs. The company’s focus on specialist fire protection services and its commitment to customer service could help it navigate these pressures.

Registered in England/Wales under the registration number 08596687, with a registered address at RG40 1XJ, England, Wokingham, Berkshire, 1 Peach Street.

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