Solgen Commercial Ltd

Solgen Commercial Ltd, based in Launceston, UK, is a small, holding company with an active status. Established 22 years ago in 2002, it employs nine people and holds assets valued at £248,543. The company, with three directors and one owner, operates from a real address and has a history of importing electrical machinery and equipment for the last twelve months. It also engages in irregular exporting, with one month of activity recorded.

The company's focus is on renewable energy, specifically installing and maintaining solar photovoltaic (PV) and energy storage systems. It boasts over 30 years of experience in the electrical industry and caters to both commercial and residential clients. Services include installation, commissioning, maintenance, testing, and stock management. The company's website highlights its expertise in helping businesses invest in solar PV and storage, and offers maintenance services to existing installations. It even has a showroom in Harrods, London.

Financially, Solgen Commercial Ltd shows some concerning trends. Current assets decreased by 12% to £250,000, while net assets increased by 120% to £100,000. Bank borrowings decreased by 31% to £33,000, and cash reserves increased by 44% to £130,000. Creditors decreased by 29% to £180,000, and trade debtors decreased by 34% to £100,000. 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. The lack of an auditor is not surprising, given its small size. The sharp increase in equity is a positive sign, but the decrease in debtors suggests that the company may be struggling to collect payments.

Registered in England/Wales under the registration number 04535121, with a registered address at PL15 7ED, United Kingdom, Launceston, Cornwall, 36a Pennygillam Way Pennygillam Ind. Estate.

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