Solution Plus Phones Ltd

Solution Plus Phones Ltd is a small, active company based in Glasgow, UK, founded three years ago in February 10, 2022. With £103,330 in assets and a real registered address, it's a solo-founded operation run by a single director and owner, Khanna Gagan. The company operates in the wholesale of electronic and telecommunications equipment and parts industries. Its website, homesolutionsplus.co.uk, focuses on UPVC windows, doors, and conservatories, offering installation and roof upgrades in Weston-super-Mare. The site highlights customer testimonials praising their work and a 10-year guarantee.

The business appears to be a local installer, offering a range of home improvement services. They have a strong emphasis on customer service and quality workmanship, with testimonials highlighting their professionalism and reliability. The website’s focus on windows, doors, and conservatories suggests a traditional, service-based business model, with a clear focus on residential customers in the Weston-super-Mare area.

Financially, Solution Plus Phones Ltd shows a mixed picture. Cash bank on hand has plummeted 93%, dropping to a concerning £3,300. Trade creditors have increased significantly by 73%, reaching £79,000, while current assets have risen by 48% to £100,000. Despite this, the company's equity has remained static at £24,000. The number of employees has increased by 60%, from five to eight—a positive sign of growth, but it could also indicate increased operational costs. The company is exempt from an audit, so the figures are unaudited.

Overall, Solution Plus Phones Ltd seems to be growing, but it's burning through cash. The increase in creditors suggests they may be relying on credit to fund operations, and the drop in cash reserves is a cause for concern. Whether this is a temporary blip or a longer-term trend remains to be seen—but for now, the company's success hinges on maintaining its reputation for quality workmanship and customer satisfaction.

Registered in Scotland under the registration number SC722576, with a registered address at G5 8EP, Scotland, Glasgow, 93 Commerce Street.

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