Solumetrics Limited

Solumetrics Limited, based in Loughborough, UK, is a small, active company founded 31 years ago in 1994. With seven employees and £1,346,240 in assets, it operates from a virtual address – a point to note as thirty-nine companies share the same location. The company is managed by three directors and owned by two individuals, although the full ownership picture is likely more complex. Solumetrics regularly imports soaps, cleaning products, and waxes (for 20 months) and exports organic chemicals (for 29 months), indicating a focus on international trade.

The company’s website is minimal, suggesting a business-to-business model rather than direct e-commerce. It appears to focus on the manufacture of other inorganic basic chemicals, likely supplying raw materials to other industries. There isn't a visible online presence beyond basic company information, implying a reliance on direct sales and established relationships.

Financially, Solumetrics shows a mixed picture. While cash bank on hand has increased significantly by 130% to £760,000, current assets have also risen by 52% to £1,300,000. However, creditors have increased by 52% to £1,400,000, and net assets have dramatically decreased by 99% to just £1,300. The company's fixed assets have also fallen by 66%, which could be due to depreciation or asset disposals. Although the company is small, meeting two of three criteria for size, the large increase in creditors and the significant drop in equity suggest potential cash flow pressures. The company's accounts are abridged and unaudited, and there's no mention of an auditor. The company has not taken exemption under Companies Act in not publishing its own profit loss account.

Despite the challenges, the company’s long-standing presence and consistent import/export activity indicate a degree of resilience. The increase in cash reserves is a positive sign, but the rising debt levels warrant closer monitoring.

Registered in England/Wales under the registration number 02918064, with a registered address at LE11 3BJ, England, Loughborough, 36 Frederick Street.

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