SUNSYNK UK LTDActive
Key figures
Ratios
2024/25Balance sheet structure
Filed accounts2019/20–2024/25
| 2019/20 | 2021/22 | 2022/23 | 2023/24 | 2024/25 | |
|---|---|---|---|---|---|
| Turnover | — | — | 23,689,429 | 13,738,354 | 13,455,726 |
| Profit for the year | — | — | 3,788,712 | -1,014,218 | -3,542,360 |
| Cash at bank and in hand | 10,937 | 311,184 | 7,899,673 | 13,180,697 | 2,235,247 |
| Total assets | 63,247 | 929,515 | 19,942,982 | 22,417,885 | 12,890,431 |
| Total liabilities | 4,711 | 944,390 | 16,359,674 | 19,547,572 | 13,628,020 |
| Net assets / total equity | 58,536 | 30,277 | 3,818,989 | 2,804,771 | -737,589 |
| Average number of employees | 0 | 2 | 10 | 33 | 48 |
| Average pay (per year) | — | — | 72,967 | 55,055 | 79,055 |
A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.
Principal activity
Accounts 2025The principal activity of the company continued to be the distribution of hybrid inverters and associated accessories, including batteries, used in the renewable energy sector. Results, performance and developments during the year Revenue levels in the year to March 2025 at £13.5m were slightly lower than the in the prior year (£13.7m), whilst gross profit margins increased from 18.0% to 28.2%. These margins improvements were in line with expectations following the pricing pressure in the period to March 2024 which had diluted overall margins. There has been a large increase in distribution costs in the current year following a relocation to improve our customer service, whilst Administrative expenses also show a sharp increase as we relocated many of our group functions from Hong Kong to the UK. We remain confident in the long term fundamentals of the market and have continued to invest in our infrastructure during the year, building teams who can deliver further growth and maintain our market leading position. Principal risks and uncertainties The directors consider that the key risks and principal uncertainties faced by the company are: products cost price volatility, exchange rate variances and supply chain distribution. These risks are managed through monitoring of the appropriate markets, the use of forward contracts and currency hedges, maintaining close relationships and multiple sourcing of key resources. Financial instruments Due to the nature of the financial instr
As described in the company's latest filed accounts.
Summary: SUNSYNK UK LTD
Company
SUNSYNK UK LTD is a private limited company registered with Companies House under company number 08778087. It was incorporated on 15 Nov 2013. Its status is active. The registered office is in Wrexham technology park (LL13). Its nature of business (SIC 2007) is wholesale of other machinery and equipment (46690).
Accounts
The latest accounts in the database are for 2024/25 (period ending 31 Mar 2025); the company files medium company accounts. Turnover was £13,455,726. Loss for the year was £3,542,360. Net assets were −£737,589, down 126.3% on the previous year. Cash at bank and in hand was £2,235,247. Total assets were £12,890,431 and total liabilities £13,628,020. The company had an average of 48 employees. Figures are available for 5 financial years (2019/20–2024/25).
Control and charges
2 persons with significant control are registered. 1 of 1 registered charges are outstanding.
Filing deadlines
The next accounts are due by 31 Dec 2026. The next confirmation statement is due by 29 Nov 2026.