Solion Limited

Solion Limited is a small, active company based in Stansted, UK, established 23 years ago in 2002. It employs just one person and holds £57,041 in assets, operating from a virtual address shared by 59 other companies. Two directors and one owner, Salam Loey, oversee the business, which is classified as an irregular importer of iron or steel products, with only two months of import activity recorded as of January 1, 2020. The company operates in the other research and experimental development on natural sciences and engineering industries.

While Solion Limited maintains a low profile, its website is non-existent, making it difficult to ascertain its specific operations beyond its import activities and research focus. There's no indication of an e-commerce presence or any public-facing products or services beyond its research endeavors.

Financially, Solion Limited presents a concerning picture. Current assets have plummeted by 45%, dropping to £57,000, while net assets have decreased by 13%, reaching -£130,000. Cash bank on hand has also suffered a significant 45% decline, falling to £43,000. Trade debtors have been decimated, decreasing by a staggering 90%, leaving just £240 remaining. Creditors, however, have seen a modest decrease of 38%, suggesting some improvement in debt management. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the substantial losses and dwindling cash reserves are cause for concern. The lack of an auditor (likely exempt as a small company) means these figures are unaudited.

Overall, Solion Limited appears to be struggling financially, burning through cash and facing significant losses. While its research focus and small size offer some advantages, the company needs to address its financial challenges to ensure its long-term viability.

Registered in England/Wales under the registration number 04363750, with a registered address at CM24 8JG, England, Stansted, 1 Pond Lane, Bentfield Road.

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