A1 Electrics (n.i.) Limited

A1 Electrics (n.i.) Limited, based in Ballymena, UK, is a small, active company founded two years ago. With five employees and £148,151 in assets, it operates as a solo founder’s venture, managing an e-commerce site and holding a perfect 5.0 Google rating from thirteen reviews. The company’s registered address is real, with only one other business registered at the same location. A single director, Ulik Michal, oversees both the company’s operations and ownership.

The company’s website showcases a wide range of electrical supplies, lighting, and accessories. It caters to both commercial and individual customers, offering everything from light bulbs and wiring to circuit protection and industrial plugs. The site’s clear categorization and detailed product descriptions suggest a focus on providing a comprehensive online shopping experience. It also has a section for news and special offers, indicating an attempt to engage with customers and promote sales.

Financially, A1 Electrics (n.i.) Limited presents a mixed picture. While cash reserves increased by 40% to £40,000, current assets decreased by 14% to £150,000. Trade debtors saw a significant drop of 38%, suggesting improved collection rates or reduced credit sales. However, director remuneration increased dramatically by 550%, reaching £32,000, which could reflect increased workload or a shift in compensation structure. Creditors also increased by 57%, to £24,000, and taxation social security payable jumped 100% to £41,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in liabilities warrants attention. As a small company, it’s exempt from an audit, so these figures are unaudited.

Overall, A1 Electrics (n.i.) Limited appears to be a growing business facing typical startup challenges. While it maintains a strong online presence and positive customer reviews, managing its financial obligations will be key to its long-term success.

Registered in Northern Ireland under the registration number NI688389, with a registered address at BT42 3AZ, Northern Ireland, Ballymena, Unit D11 Wakehurst Industrial Estate.

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