Solway Heat & Power Limited

Solway Heat & Power Ltd from Wigton UK is a small holding company with an active status, established fifteen years ago in 2010. The company employs four people and operates from a real address in Kirkbride, Cumbria, with three directors and one owner. It holds a stellar 5.0 Google rating based on ten reviews. The company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with recent import activity recorded just one month ago.

The company’s website reveals it’s involved in the production of electricity, operating as a power generation business. While there’s no e-commerce presence, the website provides information about its operations and contact details. It's a small company, meeting two of the three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Solway Heat & Power Ltd shows a mixed picture. Accumulated depreciation for land and buildings increased by 12%, while depreciation for other property plant equipment rose by 13%. Amounts owed by related parties jumped a significant 180%, suggesting increased reliance on inter-company transactions. Bank borrowings decreased by 25%, which could indicate improved debt management, and cash reserves are holding steady. However, net assets increased by 64%, and net current assets increased by 130%. Creditors also increased by 27%. The company’s property plant equipment has decreased by 7.3% overall.

The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. The company’s financial statements were prepared by Dodd & Co Limited. Overall, Solway Heat & Power Ltd appears to be a stable, albeit small, business, but the increase in amounts owed to related parties warrants further investigation.

Registered in England/Wales under the registration number 07132926, with a registered address at CA7 5JR, Wigton, Cumbria, Kirkbride House, Kirkbride.

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