The Solar Centre Ltd

The Solar Centre Ltd, based in Harpenden, UK, is a small, active company established 19 years ago. With 20 employees and £4,900,727 in assets, it operates a thriving e-commerce site and enjoys a perfect 5.0 Google rating from over 1000 reviews. Six directors and three owners (though the list isn’s exhaustive) steer the business, which regularly imports and exports furniture, lighting, and prefabricated buildings—a total of 88 months of import activity and 47 months of export activity. The company’s registered address is real, with only one other company registered at the same location.

The Solar Centre’s website showcases a wide range of solar lighting solutions, from fairy lights to security spotlights, catering to both residential and commercial customers. The site emphasizes quality, free UK delivery, and a 180-day return policy, reflecting a customer-centric approach. It even has a section dedicated to inspiration, suggesting a desire to engage customers beyond simple transactions. The website is well-designed and easy to navigate, with a blog providing helpful information about solar energy.

Financially, The Solar Centre Ltd presents a mixed picture. While current assets increased by 10%, net assets only increased slightly by 6.6%. Bank borrowings have increased by 18%, and cash reserves increased by 18% to £1,700,000. Trade debtors have increased by 28%, suggesting a potential challenge in collecting payments. Creditors have increased by 33%, which could be due to increased purchasing to meet demand. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debt warrants attention. No auditor is mentioned, which is common for small, exempt companies.

Overall, The Solar Centre Ltd appears to be a well-managed, customer-focused business. Its strong online presence and positive reviews suggest a loyal customer base. However, the increase in debt and the need to manage working capital will be key to its continued success.

Registered in England/Wales under the registration number 05749088, with a registered address at AL5 4UN, England, Harpenden, Hertfordshire, The Solar Centre Ltd, 44-46 Coldharbour Lane.

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