Solarvault Ltd

Solarvault Ltd, based in Chatham, UK, is a small, active company founded just three years ago in 2021. With £398,602 in assets and a real registered address, it employs two people and is a family business run by two directors and owners. The company operates as an irregular importer, primarily dealing with electrical machinery and equipment, with just one month of import activity recorded as of October 2023.

The company’s website, Solarvault, focuses on providing sustainable solutions for the construction industry, designing and manufacturing solar-powered plant accessories. Products include a Power Tower, Smart Refuelling Station, and Pitch Perfect system, all aimed at reducing carbon emissions and maximizing battery power utilisation. The website highlights the company’s commitment to electric vehicles, biomass boilers, and carbon offsetting, positioning Solarvault as a leader in eco-friendly construction equipment.

Financially, Solarvault Ltd shows a mixed picture. Cash reserves have fallen by a significant 47% to £150,000, while current assets have dropped 14% to £400,000. Trade debtors have increased by 33%, suggesting a reliance on customer payments, and other creditors have increased by 20%. Equity has decreased by 100% to -£140,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp decline in equity is a cause for concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

While Solarvault’s website paints a picture of a forward-thinking company, the financials suggest it may be burning through money. The company’s focus on sustainable solutions and its family-run structure are strengths, but the financial pressures need to be addressed to ensure long-term success.

Registered in England/Wales under the registration number 13526479, with a registered address at ME4 6AE, England, Chatham, 1-3 Manor Road.

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