Spe Energy Limited

Spe Energy Limited, based in Perth, UK, is a small, active company established 42 years ago in 1982. Employing 18 people, the business holds £1,467,710 in assets and operates from a real address. With three directors and one owner, Skipper Deborah Jane, the company has been importing electrical machinery and equipment regularly for 55 months, with the latest import in August 2024. Export activity is minimal, with just one month of exports recorded in August 2023.

The company’s website highlights its focus on solar energy solutions, energy storage, and consulting services, primarily targeting the Nigerian market. It positions itself as a provider of renewable energy solutions, offering solar panels, battery storage systems, and project management services. A key element of their strategy is addressing the power supply challenges in Nigeria, offering alternatives to diesel generators and grid power. The site also features client testimonials praising their services and expertise.

Financially, Spe Energy Limited shows a mixed picture. Current assets increased by 18% to £1,500,000, while net assets jumped 31% to £1,500,000. Bank borrowings decreased significantly by 59% to £180,000, and cash reserves fell 85% to £63,000. Creditors decreased by 13% to £120,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility. However, the large increase in trade debtors suggests potential issues with customer payments, and the decrease in cash reserves could be a concern. The company’s auditor is Nelson Gilmour Smith, and the accounts are audited.

Overall, Spe Energy Limited appears to be a stable, long-standing business navigating the challenges of the renewable energy sector. The company's focus on the Nigerian market and its range of services suggest a potential for growth, but the financial trends warrant close monitoring.

Registered in Scotland under the registration number SC079314, with a registered address at PH2 8QJ, Scotland, Perth, Perh & Kinross, Tayview Grange Of Elcho, Nr Rhynd.

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