The Minel Group Ltd.

The Minel Group Ltd, based in Newcastle Upon Tyne, UK, is a small, active company founded 24 years ago in 2000. With three employees and £1,102,719 in assets, it operates from a real address and is managed by one director and one owner. Google users rate it a perfect 5.0 based on 53 reviews. The company is an irregular importer of electrical machinery and equipment, with its last import activity recorded one month ago in November 2022.

The company’s website, Minel Energy, showcases a range of services including solar PV, battery storage, heat pumps, and car chargers. It’s positioned as a provider of renewable energy solutions, with a focus on both residential and commercial customers. The site also mentions piano restoration, a potentially related venture. It’s clear the company is aiming to be a one-stop shop for energy-efficient home improvements.

Financially, The Minel Group Ltd is showing some concerning trends. Current assets have fallen by 19%, dropping to £1,100,000, while net assets have also decreased by 2.2% to £470,000. Bank borrowings have fallen by 8%, reaching £45,000, and cash reserves have declined by 18%, sitting at £140,000. Creditors have also fallen by 1.4%, suggesting better debt management. The company meets two of the three conditions to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to its small size, so the figures are unaudited.

Overall, The Minel Group Ltd appears to be facing some financial pressures, despite its strong Google rating and diverse service offerings. Whether it can maintain its momentum in the competitive renewable energy market remains to be seen.

Registered in England/Wales under the registration number 04005598, with a registered address at NE1 1PG, United Kingdom, Newcastle Upon Tyne, Ne1 1pg, Minel Cathedral Buildings Minel Cathedral Buildings, Dean Street.

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