Addicott Electrics Limited

Addicott Electrics Limited, based in Exeter, UK, is a small, family-run business with an active status, celebrating 37 years since its founding in 1987. The company employs 43 people and holds assets totaling £1,878,144. It operates from a real address and is managed by five directors and two owners. Boasting a perfect 5.0 Google rating from three reviews, Addicott Electrics is a well-regarded local business. It's an irregular importer, with its top import category being iron or steel products, importing for just one month.

The company’s website highlights its expertise in generator manufacturing, sales, and service. Based in Teignmouth, Addicott Electrics caters to commercial properties, hospitals, and industrial applications, offering a range of diesel generator sets. Services include generator hire, fuel polishing, and load bank testing. They are also Kohler generator dealers and offer a complete "turnkey" package, including installation, commissioning, and testing. The website emphasizes a proven track record of quality and over 35 years of experience.

Financially, Addicott Electrics Limited presents a mixed picture. While cash reserves increased by a respectable 80% to £17,000, net assets remained relatively stable at £1,400,000. However, bank borrowings decreased by 25% to £150,000, and creditors decreased by 18%. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decrease in bank borrowings could indicate a need for external financing. The company’s average number of employees decreased by 33% to 29, which could be a result of restructuring or seasonal fluctuations. There's no mention of an auditor, which is common for small, exempt companies.

Overall, Addicott Electrics Limited appears to be a stable, albeit small, business. Its strong Google rating and long-standing presence suggest a loyal customer base. However, the decrease in employees and the fluctuating financials warrant close monitoring.

Registered in England/Wales under the registration number 02164309, with a registered address at EX1 1JG, Exeter, Hw Chartered Accountants, 3 Southernhay West.

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