Sura Power Limited

Sura Power Ltd from Leicester UK: a small, active company founded 14 years ago, employs three people, and holds £922,096 in assets. With three directors and one owner, the business regularly imports and exports electrical machinery and equipment – 13 months of imports and 16 months of exports recorded. It has a real address and is registered with Companies House.

The company operates within the “other professional, scientific and technical activities n.e.c.” industry, and is classified as a small business, meeting two of the three criteria: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It’s a private limited company, and the accounts have been prepared in accordance with the provisions applicable to small companies.

Sura Power Ltd’s website, Sura Shopping Complex, showcases a bustling marketplace with over 600 businesses and service providers in Lagos, Nigeria. It’s not just about electrical equipment; the complex offers a wide range of services, from accounting firms and air-conditioning repairers to beauty salons and frozen fish depots. The website highlights the complex’s benefits, including a conducive parking space and a 24/7 power station – a significant advantage in a region often facing electricity shortages. It even hosted a recent exhibition and discount sales fair.

Financially, Sura Power Ltd presents a mixed picture. Cash bank on hand increased significantly by 180% to £300,000, a positive sign of improved liquidity. However, creditors decreased by 52% to £28,000, and bank borrowings also decreased by 52% to £28,000. A notable decline occurred in other inventories, dropping 33% to £400,000. The company's net assets increased by 3.1% to £380,000. While the company’s current assets remained steady at £920,000, the increase in liabilities suggests that the business is using debt to fuel its operations. The accounts are unaudited, and no auditor is mentioned, which is typical for a small company. It’s unclear if the company is financially healthy or burning through money, but the increase in cash and the decrease in liabilities suggest a period of stability.

Registered in England/Wales under the registration number 07311483, with a registered address at LE3 3EJ, England, Leicester, 24 Vyner Close, Thorpe Astley.

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