Afan Electrical Limited

Afan Electrical Ltd, based in Aberystwyth, UK, is a small, active company established 22 years ago. With 22 employees and £1,322,011 in assets, it’s a family-run business boasting a perfect 5.0 Google rating from four reviews. The company operates in the electrical installation industries and is a irregular importer, with its top import category being Optical and medical tools and devices, totaling 1 months of imports. The last import operation was conducted on May 01, 2022.

The company’s website highlights its services as an electrical contractor covering Mid Wales, offering domestic, commercial, and public sector electrical work, including installations, testing, and repairs. It emphasizes qualified tradesmen, expert advice, and NICEIC certification—a key selling point for electrical work. The site also promotes its ability to provide fire alarm and emergency lighting solutions. It's clear that Afan Electrical Ltd is focused on providing a quality service at a fair price.

Financially, Afan Electrical Ltd shows some concerning trends. While current assets increased by 16% to £1,300,000, net assets only grew by 2.9% to £1,400,000. Bank borrowings increased by 330% to £73,000, and cash reserves increased by 330% to £73,000. Trade debtors increased by 73% to £1,200,000, which could indicate issues with customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increase in debt is something to watch. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Afan Electrical Ltd appears to be a well-regarded local business, but the recent financial data suggests it may be burning through cash a little too quickly. It's a small company, and these things happen, but it's something to keep an eye on.

Registered in England/Wales under the registration number 04596255, with a registered address at SY23 3JQ, Aberystwyth, Ceredigion, Unit 24 Glanyrafon Industrial Estate, Llanbadarn Fawr.

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