SOLACE ELECTRICAL LIMITED Financials
- Company number
- 08025623CopyCopy
- Registered office
- 65 Knowl Piece Wilbury Way, Hitchin, Hertfordshire SG4 0TY
- Incorporated
- 11/04/2012
Company snapshot
- Status
- Active
- Employees
- 16 (2026)
- Latest financial data
- 2026
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2022–2026.
Net Assets
9.30%vs 20252025: £583.47K
Total Assets
-22.37%vs 20252025: £3.46M
Cash in Bank
-25.12%vs 20252025: £577.65K
Total Liabilities
-30.87%vs 20252025: £2.78M
Employees
-13vs 20252025: 29
In 2026, SOLACE ELECTRICAL LIMITED reported net assets of £637.73K. The same filing shows total assets of £2.69M, cash in bank of £432.54K and total liabilities of £1.92M. Reported headcount was 16 in 2026. Total Liabilities fell from £2.78M in 2025 to £1.92M in 2026 (-30.87%). Okredo holds filed figures for 2022–2026; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
9.30%from £583.47K in 2025Year-on-year change
Net Assets as filed for 2022–2026. Every figure in this chart is also in the financial history table.
3-year financial trend (2024–2026)
How the figures SOLACE ELECTRICAL LIMITED filed moved across the three reported years 2024, 2025 and 2026 — measured end to end rather than year on year.
Net Assets
-50.2%vs 2024-29.5% a year compound (CAGR)
Cash in Bank
-5.6%vs 2024-2.9% a year compound (CAGR)
Total Assets
-31.2%vs 2024-17.1% a year compound (CAGR)
Total Liabilities
-26.8%vs 2024-14.5% a year compound (CAGR)
Employees
-44.8%vs 2024-13Biggest decrease
Net Assets-50.2%
£1.28M in 2024 to £637.73K in 2026
Every indicator Okredo holds for SOLACE ELECTRICAL LIMITED fell between 2024 and 2026. The steepest fall came in net assets, pointing to a weakening balance sheet, with cash in bank, total assets, total liabilities and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SOLACE ELECTRICAL LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 23.73%2026
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 71.53%2026
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 22.50%2026
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 16.10%2026
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for SOLACE ELECTRICAL LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net Assets£ | 578.29K | 989.12K | 1.28M | 583.47K | 637.73K |
| Total Assets£ | 1.96M | 4.74M | 3.91M | 3.46M | 2.69M |
| Cash in Bank£ | 74.20K | 391.85K | 458.33K | 577.65K | 432.54K |
| Total Liabilities£ | 1.38M | 3.75M | 2.63M | 2.78M | 1.92M |
| Employees | 18 | 23 | 29 | 29 | 16 |
SOLACE ELECTRICAL LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SOLACE ELECTRICAL LIMITED covering 2022–2026, across 5 reported indicators. The most recent reported year is 2026.
SOLACE ELECTRICAL LIMITED reported net assets of £637.73K for 2026. That compares with £583.47K in 2025, a change of 9.30%.
SOLACE ELECTRICAL LIMITED reported total assets of £2.69M for 2026. That compares with £3.46M in 2025, a change of -22.37%.
SOLACE ELECTRICAL LIMITED reported cash in bank of £432.54K for 2026. That compares with £577.65K in 2025, a change of -25.12%.
SOLACE ELECTRICAL LIMITED reported 16 employees in 2026, compared with 29 in 2025.
Between 2024 and 2026, SOLACE ELECTRICAL LIMITED's net assets fell by 50.2%, cash in bank fell by 5.6%, total assets fell by 31.2% and total liabilities fell by 26.8%. Net assets contracted at 29.5% a year across the two years to 2026, from £1.28M to £637.73K. Reported headcount went from 29 in 2024 to 16 in 2026 (-13).
Okredo holds reported figures for the years 2022, 2023, 2024, 2025, 2026. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.