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 Financials and Metrics

Solid State Financials

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 (11-Sep-2017)

40.6 m

Closing share price (11-Sep-2017)

Solid State's current market capitalization is £40.6 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
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
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
Show all financial metrics

Solid State Market Value History

Solid State's Web-traffic and Trends

Solid State Online and Social Media Presence

Solid State News and Updates

Solid State Drive (SSD) market is expected to expand at a CAGR of 17.80% to grow to US$36.455 billion by 2022, from US$16.071 billion in 2017

This market is primarily driven due to the factors such as high demand for these drives in data centers owing to the need of faster, cheaper and denser storage. Rapidly declining prices, performance improvement due to the formation of NVMe, and surge in cloud customers are some of the key factors fo…

Solid State Transformer Market is projected to witness a compound annual growth rate of 32.09% to reach to total market value of US$487.474 million by 2022, from US$XX billion in 2015

With an increase in the use of distributed energy sources, solid state transformer is increasing finding application in smart grids for a better control and reliable operation due to its high load handling capacity and effective bidirectional flow. Increasing preference for renewable energy source, …

SNY Adds Solid State Logic’s System T to Production Team

SportsNet New York continues to build its team for its new studios at the World Trade Center with the addition of Solid State Logic’s System T networked audio broadcast systems.

Spinning Lighter, More Sustainable Solid State Electrodes For Batteries & Supercapacitors

Researchers at Drexel University have created a solid state, non-flammable electrode for lithium ion supercapacitors and batteries. Spinning Lighter, More Sustainable Solid State Electrodes For Batteries & Supercapacitors was originally published on CleanTechnica. To read more from CleanTechni…

AEye Completes Live Demo Of 360 Degree Solid State LiDAR System

The robotic vision tech company AEye has successfully completed a live demo of its solid-state commercial LiDAR system (with 360° vehicle coverage) in a metropolitan setting, according to a new press release AEye Completes Live Demo Of 360 Degree Solid State LiDAR System was originally published on …

Solid State Lighting System Market Revenue, Opportunity, Forecast and Value Chain 2017-2027

Future Market Insights has announced the addition of the “Solid State Lighting System Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027" report to their offering. Posted via Industry Today. Follow us on Twitter @IndustryToday
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Solid State Company Life and Culture

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