Triathlon Battery Solutions Ltd

Triathlon Battery Solutions Ltd, a UK-based company from Manchester, is a sizable operation holding company, active since its founding nine years ago. With 73 employees and £10,347,437 in assets, the company generates £17,129,649 in yearly revenue. It has a real address and is overseen by two directors and one owner, boasting a respectable 4.0 Google rating from seven reviews. The company regularly imports and exports electrical machinery and equipment, with 108 months of import activity and 20 months of export activity.

The company is part of the Sunlight Group, focusing on providing innovative energy solutions. Its website highlights a range of products, including lithium-ion and lead-acid batteries, chargers, and energy management systems. It caters to industrial, mobility, and energy storage sectors, offering both sales and rental services. A key feature is its focus on streamlining battery needs, providing comprehensive selection, and expert service. The company also emphasizes its commitment to sustainability and its ecosystem approach to supporting an allelectric carbonfree future.

Financially, Triathlon Battery Solutions Ltd presents a mixed picture. While turnover increased by 25%, current assets decreased by 15%, and net assets fell by 3.7%. Bank borrowings have remained stable, and cash bank on hand has decreased by 52%. The company’s average number of employees has increased by 22%, suggesting growth, but administrative expenses have also risen by 13%. Interest expense has surged by 180%, which is a concern. The company's auditors, Walker Begley UK Limited, have noted a matter relating to disputed charges from a group member, which could impact the financial statements.

The company’s growth in employees and revenue suggests it’s expanding its operations, but the decline in assets and cash reserves warrants closer monitoring. The increase in interest expense could be a result of increased borrowing to support this growth, and the auditor’s comments highlight a potential internal control issue. It’s likely that the company is navigating the challenges of scaling up while maintaining financial stability, and the support from its parent company, Sunlight Group, will be crucial for its continued success.

Registered in England/Wales under the registration number 10026276, with a registered address at M17 1AY, United Kingdom, Manchester, Unit 21 Westbrook Trading Estate, Westbrook Road, Trafford Park.

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