Ablectrics Limited

Ablectrics Ltd, based in Bristol, UK, is a small, active company founded eight years ago. With six employees and £379,819 in assets, it operates as a solo-founded business under the direction of a single director and owner, Besant Fraser. The company runs an e-commerce site, Electricsandlighting.co.uk, and enjoys a stellar 5.0 Google rating from 86 reviews. It’s an irregular importer, with its last import activity recorded two months ago in April 2018, specializing in electrical machinery and equipment.

Electricsandlighting.co.uk showcases a wide range of electrical and lighting products, from indoor and outdoor lighting to LED solutions and home automation systems. It also offers a professional lighting design service and even repairs and restores lights in its workshop. The website highlights a showroom in Bristol, offering a unique experience with luxury lighting and a welcoming atmosphere. The business emphasizes its expertise, friendly customer service, and a commitment to providing inspiration and solutions for both residential and commercial projects. It’s a well-established institution, often described as such by its customers, and even has a showroom in Harrods.

Financially, Ablectrics Ltd shows some concerning trends. Cash reserves have fallen by 50%, dropping to £68,000, while bank borrowings have decreased by 36%, reaching £73,000. Current assets have also declined by 22%, falling to £380,000. Equity has suffered a significant drop of 35%, now standing at £100,000. Creditors have decreased by 36%, suggesting improved debt management, but the overall picture indicates a company facing financial pressure. The company meets two of three conditions to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), and is exempt from an audit. The lack of an auditor means the figures are unaudited.

The company’s irregular import activity and declining cash reserves suggest it may be burning through money. However, its strong online presence, positive customer reviews, and commitment to customer service could help it weather these challenges.

Registered in England/Wales under the registration number 10317738, with a registered address at BS6 7AH, England, Bristol, 33 Zetland Road.

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