Sungift Solar Limited

Sungift Solar Ltd, based in Exeter, UK, is a small, active company established seventeen years ago in 2007. With 52 employees and £1,866,442 in assets, it operates from a real address and is managed by five directors and a solo founder, Wondrausch Gabriel. The company regularly imports electrical machinery and equipment, with 12 months of import activity, and occasionally exports, with just one month of export activity recorded as of January 01, 2024.

The company’s website, SunGift Solar, positions itself as a leading installer of solar panels and renewable energy solutions in Exeter and beyond. They offer a comprehensive range of services, including domestic and commercial solar panel installations, battery storage solutions (like Tesla Powerwall), electric vehicle charging, and solar carports. They work with various sectors, including manufacturing, public sector, and residential properties, and boast a strong focus on awards and sustainability. The site highlights their expertise in Tesla-certified installations and offers a range of financing options for businesses.

Financially, Sungift Solar Ltd shows some concerning trends. Current assets have decreased by 34% to £1,900,000, while net assets have fallen 14% to £1,100,000. Bank borrowings have increased by 56% to £62,000, and cash reserves have dropped 35% to £28,000. Trade debtors have increased by 30%, which could indicate challenges in collecting payments. Creditors, however, have decreased by 40%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decline in equity raises questions. No auditor is mentioned, likely due to the company’s status as a small entity, meaning the figures rely on unaudited director’s reports.

Overall, Sungift Solar Ltd appears to be navigating a period of financial pressure, despite its strong market position and reputation for quality installations. The company’s continued focus on renewable energy solutions and its expertise in Tesla technologies may help it weather these challenges, but close monitoring of its financial performance will be essential.

Registered in England/Wales under the registration number 06367389, with a registered address at EX4 8JN, England, Exeter, K S House Pinhoe Trading Estate, Venny Bridge.

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