Sunpower Group Holdings Limited

Sunpower Group Holdings Ltd from Reading UK is a large, active company founded 29 years ago. With 33 employees and £10,417,380 in assets, the company generated £15,159,678 in revenue last year. It has five directors and two owners, and operates from a real address. Regular importing and exporting activities have been recorded, though the specific categories remain unspecified.

The company’s website reveals a complex structure. Sunpower Group Holdings Ltd acts as a holding company for several specialist businesses, each focusing on different aspects of electrical power solutions. Sunpower Electronics provides industrial power solutions, Globe offers technical support, PowerLed supplies LED lighting, MEAN WELL Direct promotes MEAN WELL power supplies, and the company also manages Freeman Moore Investments LLP. The website highlights a focus on delivering efficiency and performance through new technologies. The Team section showcases various roles, and the Careers page lists open vacancies, indicating a growth-oriented approach. Recent company news includes an amalgamation of Sunpower Electronics and PowerLed into a single entity, and the search for a Business Development Manager.

Financially, the company’s performance presents a mixed picture. Accumulated amortisation impairment intangible assets increased significantly, while accumulated depreciation impairment property plant equipment also rose. However, cash bank on hand saw a substantial increase, jumping from £1.6 million to £3.3 million. Despite this, key management personnel compensation increased, and the company’s net assets decreased. Turnover decreased by 9.3% to £15 million, and the company reported a net loss. With no auditor mentioned, the financial statements are unaudited.

The company's large size, as indicated by its assets and revenue, suggests a stable operation. However, the increase in borrowings and decrease in net assets raise concerns about its financial health. The management team's focus on expansion, as evidenced by the recruitment efforts, could be a positive sign for the future, but it also introduces additional financial risks.

Registered in England/Wales under the registration number 03137835, with a registered address at RG7 8SN, England, Reading, Orion House Calleva Park, Aldermaston.

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