Solution Concepts Limited

Solution Concepts Ltd is a small, active company based in Bexhill, UK, established sixteen years ago in 2009. With just two employees and £699 in assets, it operates from a virtual address shared by 703 other companies, raising some questions. The company is run by three directors and two owners, and is a family business. It’s been importing and exporting electrical machinery and equipment, though only sporadically, with activity recorded in January 2021 for imports and October 2019 for exports.

The company’s website, solutionconcepts.co.uk, focuses on safety critical training and certification, particularly related to software development. It offers courses on RTCA DO178C, MIL STD 1553, and ARP4754, targeting managers and engineers. The site emphasizes real-world experience and offers training services, consultancy, and even self-play system integrations for pianos. It’s clear the business is targeting a niche market of professionals in the aerospace and defense industries.

Financially, Solution Concepts Ltd presents a mixed picture. Accumulated depreciation on computer equipment has increased by 84%, while plant machinery has seen a slight increase of 1.1%. Cash bank on hand has decreased by 14% to £650, and creditors have risen by 12% to £100,000. Debtor’s have increased significantly by 2200%, which could be a good sign of increased sales, or a sign of customers not paying on time. The company’s net current assets liabilities have also increased by 13%. The company is small, meeting two of three criteria for being classified as such, and has no auditor mentioned.

While the company’s training services appear to be in demand, the financial data suggests it’s facing some challenges. The increase in creditors and decrease in cash reserves could indicate a need for careful financial management. It remains to be seen if the company can sustain its growth and profitability in the long term.

Registered in England/Wales under the registration number 06886134, with a registered address at TN39 5ES, England, Bexhill, East Sussex, Unit 2.02 High Weald House, Glovers End.

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