We Power Holdings Ltd

We Power Holdings Ltd is a small, active company based in Bingley, UK, founded four years ago in 2020. With a single employee and £484,625 in assets, it’s a family-run business managed by one director and two owners, Arter Kai and Arter Linda Ann. The company operates from a real address shared by three other businesses, indicating a likely genuine location.

The company's core business revolves around electric vehicle (EV) chargers and installation services. Its website, "We Power Your Car," positions itself as a nationwide installer, catering to both home and commercial clients. They offer a range of chargers from leading manufacturers, emphasizing a comprehensive, end-to-end service, including installation, and even partnering with Kerbo Charge and ChargeArm to provide solutions for those without off-street parking. The site also features a blog and FAQs, demonstrating a commitment to educating customers about EV charging.

Financially, We Power Holdings Ltd presents a complex picture. While cash reserves have dramatically increased by 4400%, jumping to £52,000, net assets have plummeted 830%, settling at -£83,000. This suggests significant investment or expansion, although the substantial losses are concerning. Trade debtors have also risen sharply, increasing by 430%, reaching £430,000, which could indicate slower-paying customers or a deliberate strategy to extend credit terms. Conversely, creditors have also increased by 18%, totaling £1.2 million, and bank borrowings have risen by 18% to £1.2 million. 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 significant equity decline warrants close attention. No auditor is mentioned, consistent with its status as a small, exempt company.

In conclusion, We Power Holdings Ltd is a growing business with ambitious plans in the rapidly expanding EV charging market. However, the company’s financial trajectory suggests it’s burning through cash to fuel its growth, and whether it can achieve profitability remains to be seen.

Registered in England/Wales under the registration number 12762786, with a registered address at BD16 1WA, England, Bingley, West Yorkshire, Airedale House, Wagon Lane.

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