Welsh Power Group Limited

Welsh Power Group Limited, based in Cardiff, UK, is a large company with an active status, having been founded nineteen years ago in 2006. Employing forty-seven people and holding £4.41 million in assets, the company operates from a virtual address shared by fifteen other businesses, a fact that raises some questions. Six directors and one owner (though the list of owners isn't exhaustive) guide the company, which is an irregular importer of optical and medical tools and devices, with its last import operation occurring over a year ago.

The company’s website paints a picture of a developer and asset manager specializing in flexible generation, storage, and grid stability. It offers services from development and construction to complete operational asset management, catering to customers seeking high-quality services. Welsh Power is described as expert, strategic, and imaginative, offering an unrivalled depth of knowledge. The website showcases projects around the UK and highlights its team’s expertise.

Financially, Welsh Power Group Limited shows a mixed picture. Current assets have fallen by a significant 42% to £4.4 million, while net assets have also declined by 30% to £3.3 million. Director remuneration has surged by 160% to £780,000, which could be a reflection of increased responsibilities or a change in management structure. Cash bank on hand has also decreased by 30% to £2.2 million. While turnover has fallen by 67% to £3.3 million, it still meets two of three criteria for a large company—having turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. Bank borrowings have increased by 430% to £430,000, suggesting the company may be relying more on debt financing. The company is audited by UHY Hacker Young.

Overall, Welsh Power Group Limited appears to be navigating a period of change, with a focus on asset management and grid stability. While the financial figures reveal some challenges, the company’s expertise and focus on a growing sector suggest it has the potential to weather the storm.

Registered in England/Wales under the registration number 05766467, with a registered address at CF10 3FD, United Kingdom, Cardiff, Fourth Floor, 2 Kingsway.

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