Solcom Limited

Solcom Ltd, based in Ryde, UK, is a small, active company established 27 years ago. With 17 employees and £2,410,828 in assets, it’s a well-established player in its sector. The company operates from a real address and is led by two directors and one owner, Martin Tuula. Solcom is a regular importer, specializing in optical and medical tools and devices, with 35 months of import activity recorded, the latest in January 2024.

The company's website reveals a focus on integrating systems for healthcare monitoring. Solcom develops and delivers safety, value, and quality through intelligent solutions, particularly through its Whzan Digital Health division, which offers the advanced healthcare monitoring system, Guardian Kit. A key offering is SHEILA, a system developed in partnership with Sunderland City Council, designed to monitor vulnerable residents in their homes. The company’s website also details its experience in creating ‘informal carer networks’ through health and social care system interoperability.

Financially, Solcom Ltd presents a mixed picture. While cash bank holdings increased by a healthy 13% to £1.9 million, current assets decreased slightly by 2.2% to £2.4 million. Trade debtors saw a significant drop of 51%, falling to £260,000, which could indicate improved collection efforts or a shift in sales patterns. Liabilities also decreased, with creditors down 5.8% to £1.3 million. A notable increase in accrued liabilities, up 180% to £110,000, may suggest increased short-term obligations. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the fluctuating debtor and liability figures warrant closer attention. With no auditor mentioned, the figures are unaudited. Overall, Solcom Ltd appears to be financially stable, but it’s important to monitor these trends to ensure continued health.

Registered in England/Wales under the registration number 03525534, with a registered address at PO33 2JF, Ryde, Isle Of Wight, Solcom House, 79 George Street.

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