Aspire Electronics Ltd

Aspire Electronics Ltd from Emsworth UK: small company, active status, founded 22 years ago, 2 employees, £38,307 assets, real address, 3 directors, 1 owner. Regular importer of electrical machinery and equipment (8 months imported). Regular exporter of electrical machinery and equipment (7 months exported). It’s a small, family-run business with an active trading status. Founded 22 years ago, the company employs just two people and holds a modest £38,307 in assets. With a real registered address and three directors, it's a tight-knit operation. The firm regularly imports and exports electrical machinery and equipment, with a combined 15 months of activity recorded, the latest in April 2023 for exports.

The company operates as a distributor of high-quality electronic components, based in Chichester, West Sussex. They provide a wide range of products and services to a select number of UK companies, even able to source parts from around the world. Aspire Electronics boasts full batch traceability and Certificates of Conformity, with 90% of their products Rohs Compliant. Their website highlights a catalogue of components, including batteries, capacitors, connectors, and semiconductors, alongside services like tape reeling and optronics. The site also features news updates, contact information, and a legal section detailing terms of use and privacy policies. It’s clear they’re aiming for a professional image, with a clean design and a focus on technical specifications.

Financially, Aspire Electronics Ltd shows a mixed picture. Current assets declined by 8.1% to £38,000, while net assets also fell by 4.0% to £7,300. Bank borrowings increased significantly, rising to £7,700, and cash reserves plummeted 94%, leaving just £310. On the positive side, merchandise inventory exploded, increasing by a staggering 1100% to £4,300, suggesting increased stock levels. 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 sharp drop in cash reserves is a concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Aspire Electronics Ltd is facing some financial headwinds, despite its strong position as a distributor of electronic components. The increase in inventory suggests a bet on future demand, but the company will need to manage its cash flow carefully to navigate these challenges.

Registered in England/Wales under the registration number 04560221, with a registered address at PO10 8LG, Emsworth, Hampshire, 7 Cooks Lane, Southbourne.

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