Auto Electrics Group Limited

Auto Electrics Group Ltd from Mirfield UK: a small, active company founded eight years ago, employs seven people, and holds £1,155,699 in assets. It's a real address with three directors and two owners, operating as a family business and enjoying a perfect 5.0 Google rating from eight reviews. The company is an irregular importer of electrical machinery and equipment, with just one month of imports recorded as of June 2021.

The company’s website highlights its focus on providing safety devices for heavy goods vehicles, plant machinery, and agricultural vehicles, particularly in light of the Fleet Operator Recognition Scheme (FORS). They offer installation, maintenance, and supply of auto electrical parts, catering to businesses seeking to achieve FORS accreditation. The site also showcases bespoke HGV health and safety systems and a range of auto electrical components. It's clear they're targeting a niche market with a focus on safety and compliance.

Financially, Auto Electrics Group Ltd presents a mixed picture. Current assets increased by 8.8% to £1,200,000, while net assets also increased by 9.5% to £920,000. Bank borrowings decreased by 10% to £21,000, and cash reserves fell by 9% to £190,000. Trade debtors increased by 67%, which could be a positive sign of increased sales, but also a potential risk if payments are delayed. Creditors increased by 20%, suggesting increased spending. 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 remain flexible, but the increase in trade debtors should be monitored closely. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

Overall, Auto Electrics Group Ltd appears to be a stable, family-run business operating in a specialized market. While the financial numbers show some volatility, the company’s focus on safety and compliance, combined with its positive Google rating, suggests a solid foundation for continued success.

Registered in England/Wales under the registration number 10264842, with a registered address at HD9 3JA, England, Holmfirth, Victoria Court, 91 Huddersfield Road.

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