Target Energy Solutions Limited

Target Energy Solutions Ltd, based in Woking, UK, is a holding company established 20 years ago. With nine employees and £26,465 in assets, it operates from a virtual address, raising some questions about its physical presence. The company is active, managed by five directors and owned by one individual. It holds a stellar 5.0 Google rating based on three reviews, but is an irregular exporter of electrical machinery and equipment, with only one month of exports recorded in 2019.

The company’s website, Target Energy Solutions, is currently inaccessible due to a JavaScript error. This lack of a functioning website is a significant drawback for a business aiming to attract customers or showcase its services. It’s difficult to determine the precise nature of their operations beyond the broad description of software development and IT services. It's not clear if the company operates an e-commerce platform, but the lack of a functional website makes it impossible to confirm.

Financially, Target Energy Solutions Ltd presents a mixed picture. While current assets increased by 8.5% to £26,000, net assets plummeted 11% to -£410,000, a concerning trend. Bank borrowings remained stable at £390,000, but cash reserves increased by a substantial 110% to £2,200. Creditors decreased by 7.3%, suggesting improved debt management. The company’s equity is negative, indicating it’s burning through cash faster than it’s generating revenue. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited, which is important to consider. The company’s small size and holding company structure suggest it may be navigating a period of restructuring or investment, but the negative equity is a cause for concern.

Registered in England/Wales under the registration number 05413158, with a registered address at GU21 4SU, England, Woking, Surrey, Sundial House High Street, Horsell.

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