Triple Solar Ltd

Triple Solar Ltd, based in Harlow, UK, is a large, active company founded fourteen years ago in 2011. Employing eleven people and holding assets of £12,080,985, the firm generates an annual revenue of £25,038,035. It’s a family business with one director, two owners (Gami Yogash and Gami Rocky), and a real registered address, operating an e-commerce site and maintaining a 5.0 Google rating from 49 reviews. The company regularly imports electrical machinery and equipment, with 107 months of import activity recorded, and occasionally exports the same, with just two months of export activity.

Triple Solar Ltd specializes in electrical installation, wholesale of hardware, plumbing, and heating equipment. Its website, while not providing extensive details, suggests a focus on solar energy solutions, aligning with its name. It’s a B2B operation, supplying renewable energy products and services to commercial clients.

Financially, Triple Solar Ltd presents a mixed picture. While turnover remains strong at £25 million, net assets have decreased by 30% to £4.4 million. Cash reserves have improved by 69% to £1 million, but bank borrowings have decreased by 67% to £42,000. Perhaps most concerning is the significant increase in administrative expenses – a 840% rise to £3.5 million – which may indicate investment in growth or operational inefficiencies. Trade debtors have also increased, suggesting potential issues with customer payments. The company’s size (meeting two of three criteria for a large company) and the absence of an auditor (likely exempt) mean the figures are unaudited.

Despite the financial challenges, Triple Solar Ltd appears to be a well-established player in its niche, with a strong online presence and positive customer feedback. The increase in administrative expenses and the decrease in net assets are worth monitoring closely, but the company’s resilience and focus on renewable energy solutions suggest it’s positioned for long-term success.

Registered in England/Wales under the registration number 07556187, with a registered address at CM20 2EY, England, Harlow, Temple House, River Way.

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