Stored Energy Technology Limited

Stored Energy Technology Limited, based in Derby, UK, is a small, active company founded 27 years ago. With 12 employees and £690,589 in assets, it's a well-established player in its field. The company boasts a perfect 5.0 Google rating based on two reviews, and is led by six directors and one owner, Whitley Martin. It’s a real address, and the director list was recently updated, a good sign.

The company operates in the manufacture of electric motors, generators and transformers, the repair of electrical equipment, and research and development in engineering. Its website highlights a focus on root cause analysis and innovative solutions for failing electronic and electromechanical equipment. They offer services like form fit function repair, data logging, reverse engineering, and project scoping, catering to clients with hard-to-repair equipment. The site showcases case studies involving traction inverters, door signalling kits, and auto voltage regulators, demonstrating expertise in resolving complex technical issues.

Financially, Stored Energy Technology Limited shows a mixed picture. Current assets have increased by 48% to £690,000, while net assets have increased by 23% to £1.1 million. Bank borrowings have decreased by 19% to £420,000, and cash reserves have increased dramatically by 1200% to £220,000. Creditors have decreased by 19%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company is exempt from an audit, and the financial statements are unaudited.

The substantial increase in cash reserves is a positive sign, but the company's reliance on bank borrowings suggests it may be funding growth through debt. The recent changes to the director list could indicate a restructuring or new investment, but more information would be needed to confirm this.

Registered in England/Wales under the registration number 03571564, with a registered address at DE24 8AQ, Derby, Derbyshire, Atlas Works, Litchurch Lane.

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