Stec Ltd

Stec Ltd, based in Lichfield, UK, is a small holding company with an active status, established 13 years ago. It employs just one person and holds £249,195 in assets, operating from a virtual address shared by numerous other companies. The company is managed by one director and one owner, and it’s an irregular importer of machinery, boilers, and mechanical appliances, with recent import activity recorded just one month ago.

Stec Ltd is part of the larger STec Group LTD, which specializes in renewable energy solutions, particularly solar PV systems, heat pumps, and EV charging. Their website showcases a business focused on residential and commercial installations, emphasizing tailored solutions, nationwide coverage, and a commitment to sustainability. They even offer battery storage and maintenance packages, and have a blog section with articles on industry trends.

Financially, Stec Ltd’s picture is mixed. Cash bank on hand has significantly dropped by 54%, falling to £20,000, while creditors have surged by 120%, reaching £270,000. Equity has taken a substantial hit, plummeting 130% to -£53,000. Although trade debtors have increased by 100%, suggesting improved sales, the drop in equity and cash reserves is concerning. The company meets the criteria for a small business, with turnover under £10.2 million and assets under £5.1 million. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

The company’s focus on renewable energy, coupled with the growth in the sector, could be a positive sign for the future. However, the significant decrease in equity and cash reserves suggests the company is burning through money, and it may need to carefully manage its expenses to ensure long-term viability.

Registered in England/Wales under the registration number 07686920, with a registered address at WS13 6QD, England, Lichfield, Staffordshire, Hanover Court, 5 Queen Street.

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