Solid State

Solid State is a high value-add manufacturer and specialist design-in distributor to the electronics industry. It has particular expertise in industrial/ruggedized computers, specialist electronic components and battery power solutions. Serving industries with demands for complex, performance-critical products, the Solid State trading brands have become recognised industry leaders through consistently delivering product quality, high service standards and comprehensive technical support. Solid State plc has two principal trading companies in the UK; Solid State Supplies Ltd and Steatite Ltd. In addition we market our products through a number of industry leading brands which include ndura RUGGED®, Steatite Rugged Systems, RZ Pressure and Steatite Wordsworth.
Company Growth (employees)
Redditch, GB
Size (employees)
161 (est)
Solid State was founded in 1979 and is headquartered in Redditch, GB

Solid State Office Locations

Solid State has an office in Redditch
Redditch, GB (HQ)
Hedera Rd

Solid State Data and Metrics

Solid State Financial Metrics

Solid State's revenue was reported to be £44.1 m in FY, 2016 which is a 21% increase from the previous period.

Revenue (FY, 2016)

44.1 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

14 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

4.2 m

Market capitalization (25-Jul-2017)

41.7 m

Closing share price (25-Jul-2017)

Solid State's current market capitalization is £41.7 m.
GBPFY, 2014FY, 2015FY, 2016


32.1 m36.6 m44.1 m

Revenue growth, %


Cost of goods sold

22.7 m25.4 m30.1 m

Gross profit

9.4 m11.2 m14 m

Gross profit Margin, %


Operating expense total

7.1 m8.1 m9.7 m

Pre tax profit

2.2 m3 m4.2 m

Net Income

1.9 m2.9 m4.2 m
GBPFY, 2014FY, 2015FY, 2016


685.4 k1.7 m

Accounts Receivable

9.9 m7.3 m12.7 m

Current Assets

15.7 m16.1 m20 m


1.1 m1.2 m1.4 m


4.9 m5.4 m5.3 m

Total Assets

21.7 m22.8 m26.6 m

Accounts Payable

5.4 m3.6 m2.6 m

Current Liabilities

10.9 m10 m10.6 m

Total Liabilities

11.3 m10.4 m10.9 m

Retained Earnings

1.3 m2.1 m3.2 m

Total Equity

10.4 m12.4 m15.8 m

Financial Leverage

2.1 x1.8 x1.7 x
GBPFY, 2014FY, 2015FY, 2016

Cash From Operating Activities

2.1 m2.2 m1.8 m

Cash From Financing Activities

773.3 k(2.3 m)(1.1 m)

Income Taxes Paid

(277.6 k)(122 k)(27.8 k)
GBPY, 2016


302.1 k

Financial Leverage

1.7 x

Solid State Market Value History

Traffic Overview of Solid State

Solid State Online and Social Media Presence

Solid State News and Updates

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HP Spectre x360 13 4K review: A beautiful display that kills the battery

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A Waymo filing leaks lidar tech details in Uber lawsuit

 Anthony Levandowski took his seat in a conference room one sunny Friday morning in April and proceeded to read the same phrase from a sheet of paper for the next five hours. “On the advice and direction of my counsel, I respectfully decline to answer. And I assert the rights guaranteed to me under …

Two Pore Guys Raises $24.5 Million in Series A Financing

PRESS RELEASE: Two Pore Guys, Inc. (2PG), today announced the close of a Series A venture financing round in the amount of $24.5 million, led by Khosla Ventures. The new funding will be used to scale up manufacturing of 2PG's hand-held, point-of-use...

HP’s new x360 laptops miss the point of 4K on the Spectre but get security right with the EliteBook

 The Spectre 13 x360 I strangely loved from late last year is back with a 4K screen and pen support for the Windows Creators update that went global this month. Read More
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Solid State Company Life and Culture

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