1st Electronics Limited

1st Electronics Limited, based in Coventry, UK, is a small, active company founded eight years ago. It employs just three people and holds £456,528 in assets. A family business with one director and two owners, it operates from a virtual address – a fact highlighted by the presence of eighteen companies registered at the same location. The company is a regular importer of electrical machinery and equipment, with nine months of import activity recorded, the latest in March 2024.

The company’s website is non-existent, making it impossible to determine if it operates an e-commerce platform or primarily engages in business-to-business transactions. It appears to operate within the manufacture of other electronic and electric wires and cables industries.

Financially, 1st Electronics Limited presents a mixed picture. Current assets have fallen by 39%, dropping to £460,000, while net assets have decreased by 27%, settling at £250,000. Bank borrowings have seen a significant reduction, falling by 52% to £9,200. Cash reserves have also declined by 45%, dropping to £190,000. Creditors have decreased by 47%, suggesting improved debt management. The company qualifies as a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The decrease in equity is a notable trend, potentially indicating reinvestment in the business or increased borrowing. With no auditor mentioned, the financial statements are unaudited.

The company’s decrease in average employees reported from 3 to 4, suggests a slight increase in operational activity.

Registered in England/Wales under the registration number 10763766, with a registered address at CV5 6ET, England, Coventry, 12 Warwick Street.

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