Synergy Power Solutions Ltd

Synergy Power Solutions Ltd is a small, active company based in Wigan, UK, founded three years ago in January 2022. It’s a solo founder operation with one director and employee, holding £38,699 in assets and operating from a virtual address shared by fifty-four other companies. The company's registered address is WN6 8EA, England, Wigan, 10 Broad O Th Lane, Shevington.

The business appears to operate across several industries, including machinery repair, sales agency, mail order retail, and the sale of used cars and light motor vehicles. It’s not clear if there’s a dedicated website or online presence, but the company's activities suggest a diverse range of services.

Financially, Synergy Power Solutions Ltd presents a mixed picture. While cash reserves increased by a healthy 84% to £35,000, equity plummeted by 93% to just £320. This sharp decline in retained earnings is concerning, though it could be due to investments or losses. Trade debtors decreased by 20%, which is a good sign, but other creditors ballooned by 380% to £24,000. The company’s small size (meeting two of three criteria for a small company) helps with agility, but the significant equity drop warrants closer attention. The company’s property plant and equipment decreased by 25% to £2,400.

Taxation social security payable increased by 210% to £8,300. It’s likely that the company is exempt from an audit, relying on unaudited financial statements. The company’s director, Andrew Griffiths, is responsible for the company's financial records.

Registered in England/Wales under the registration number 13879911, with a registered address at WN6 8EA, England, Wigan, 10 Broad O Th Lane, Shevington.

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