Tier 1 Solar Ltd

Tier 1 Solar Ltd, based in Ashton-Under-Lyne, UK, is a small, active company founded just two years ago. With four employees and £252,963 in assets, it’s a relatively new player in the electrical installation and roofing activities industries. The company boasts a perfect 5.0 Google rating from two reviews, and is led by two directors and a solo founder, Shore Gillian. It’s a real address, with only one other company registered there. They are an irregular importer of aluminum and aluminum products, with just one month of import activity recorded as of July 2023.

The company’s website, while not providing extensive details, suggests a focus on solar panel installation and maintenance services. It's not clear if they operate an e-commerce site or simply use the website for marketing and contact information. They seem to be targeting residential and commercial customers seeking renewable energy solutions.

Financially, Tier 1 Solar Ltd presents a mixed picture. Cash bank on hand has plummeted by 96%, dropping to just £5,100—a significant drain. Trade debtors have increased dramatically, ballooning by 800% to £250,000, which could indicate difficulties in collecting payments or an expansion of credit terms. Creditors have also risen, increasing by 48% to £230,000. However, the company’s net assets have improved, jumping 18,000% to £18,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the sharp drop in cash reserves is concerning. No auditor is mentioned, likely due to its small size and exemption from an audit.

In short, Tier 1 Solar Ltd is experiencing a period of financial flux. The company's growth is evident in its increased debtors, but the significant reduction in cash reserves suggests it may be burning through money faster than it’s bringing it in. It’s unclear if this is typical startup turbulence or a longer-term challenge, but the company's future hinges on its ability to manage its cash flow and secure new business.

Registered in England/Wales under the registration number 14365587, with a registered address at OL6 6UZ, England, Ashton-Under-Lyne, Unit 3 Plantation Ind Estate, Whitelands Road.

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