Start Solar Ltd

Start Solar Ltd, based in Lisburn, Northern Ireland, is a small, active company founded five years ago. Employing 23 people, it holds £1,623,611 in assets and operates from a real address. With three directors and two owners, it boasts a stellar 5.0 Google rating from 361 reviews. The company irregularly imports electrical machinery and equipment, with the last import operation occurring one month ago.

The company's website showcases a focus on solar energy solutions for homes and businesses, emphasizing reduced energy costs and a smaller carbon footprint. They offer solar PV systems, battery storage, EV charging, and heat pumps, all designed to promote sustainability. Case studies highlight successful installations at businesses like Carrickcloughan Farm (an egg producer) and Paul Thompson Freight, demonstrating tangible benefits in terms of energy savings and reduced environmental impact. The website also features a blog with articles aimed at educating homeowners about solar power. It seems they’re actively trying to generate leads and build brand awareness through content marketing.

Financially, Start Solar Ltd shows some concerning trends. Creditors have increased significantly by 230%, reaching £470,000, while cash reserves have plummeted 64%, dropping to £110,000. Net assets have also decreased by 34%, settling at £790,000. Trade debtors have ballooned by 53%, suggesting difficulties in collecting payments. On a positive note, bank borrowings have decreased by 25%, and average employee numbers have risen by 39%, indicating potential growth. The company meets the criteria for a small business, with turnover under £10.2 million and assets under £5.1 million. No auditor is mentioned, which is likely due to its small size.

Overall, Start Solar Ltd appears to be a growing company with a strong reputation, but its financial figures suggest it’s facing some challenges in managing its cash flow and collecting debts. The increase in creditors and decrease in cash reserves are particularly noteworthy and warrant further investigation.

Registered in Northern Ireland under the registration number NI662917, with a registered address at BT28 2RB, Northern Ireland, Lisburn, 9 Rathdown Close.

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