Advanced Electrics Limited

Advanced Electrics Limited, based in Keith, UK, is a small, active company established 38 years ago. With 25 employees and £2,489,497 in assets, it's a long-standing player in the local electrical installation industry. The company, owned by Green Alexander James, has three directors and a real registered address, suggesting a solid operational base. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with recent activity recorded just two months ago.

The company’s website is currently unavailable, so it’s difficult to determine if it operates an e-commerce platform or relies solely on business-to-business sales. However, its presence in the electrical installation sector points towards a service-oriented model rather than a direct retail operation.

Financially, Advanced Electrics Limited presents a mixed picture. While net assets increased by 22% to £1.7 million, cash reserves saw a significant jump of 39% to £960,000. However, trade debtors rose substantially by 85% to £770,000, indicating potential challenges in collecting payments. Creditors also increased by 43% to £890,000, and other taxation and social security payable increased by 75% to £220,000. Despite these pressures, the company's small size—meeting two of three criteria for a small company—allows for flexibility. The lack of an auditor mentioned suggests it’s exempt from an audit as a small company.

Overall, Advanced Electrics Limited appears to be a stable, albeit somewhat stretched, operation. The increase in debtors and creditors suggests a need for improved cash flow management, but the healthy cash reserves provide a buffer. The company’s longevity and local presence indicate a strong foundation, but ongoing monitoring of its financial performance is warranted.

Registered in Scotland under the registration number SC100047, with a registered address at AB55 5DD, Keith, Banffshire, Unit Q1 Isla Bank Mills, Station Road.

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