Apelson Appliances Uk Ltd

Apelson Appliances Uk Ltd, based in Normanton, UK, is a holding company with an active status, having been founded twelve years ago in 2012. The company employs fifty people and holds assets valued at £18,021,864. It’s managed by three directors and owned by Parlade De Elia Juan, who is also the solo founder. A Google rating of 2.0 based on just three reviews suggests room for improvement. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts—with 567 months of import activity and 40 months of export activity. Its primary business involves the wholesale of radio, television goods & electrical household appliances.

The company's website isn't available, so it's impossible to determine if it operates as an e-commerce platform.

Financially, Apelson Appliances Uk Ltd shows some concerning trends. While its total assets remain substantial at £18,021,864, accrued liabilities have decreased slightly, and depreciation impairment on property, plant, and equipment has increased significantly. Bank borrowings have also risen by a considerable 18%, reaching £6,400,000, while cash reserves have fallen by 20%. Trade debtors have increased by 35%, suggesting potential issues with customer payments. Despite these challenges, the company’s turnover has increased by 14%, reaching £16,000,000, which is a positive sign. The company’s net assets have decreased by 5%, reaching £3,100,000. The accounts were audited by Azets Audit Services Limited.

It appears Apelson Appliances Uk Ltd is navigating a period of financial pressure, potentially due to increased borrowing and a decline in cash reserves. However, the growth in turnover suggests the company’s core business remains viable. The increase in bank borrowings could be a strategic move to support growth, but it also carries risks. 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 equity drop raises questions.

Registered in England/Wales under the registration number 08265471, with a registered address at WF6 1TR, England, Normanton, Apelson Appliances Uk Ltd Good Hope Close, Normanton Industrial Estate.

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