Automotive And Electrical Systems Limited

Automotive And Electrical Systems Limited, based in Spennymoor, UK, is a small, active company founded five years ago. With six employees and £135,209 in assets, it operates from a virtual address shared by thirty other companies, a detail that raises some questions. The company is led by a single director and owner, Oliver Darren, and is a solo founder operation. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with just one month of imports recorded as of January 01, 2022.

The company's website, infoevsystems.co.uk, reveals a more substantial operation than its size might suggest. Automotive And Electrical Systems Limited specializes in the design, manufacture, and marketing of electric motor control systems, positioning itself as a “worldwide leader” in the field. It serves a diverse range of clients, from forklift truck manufacturers to electric train manufacturers, and offers services including design consultation, customer support, and technology updates. The site emphasizes its expertise in electric vehicle systems and its commitment to “cutting-edge technology.”

Financially, Automotive And Electrical Systems Limited presents a mixed picture. While cash bank on hand increased by a healthy 17% to £120,000, other key metrics show signs of pressure. Accumulated depreciation on plant machinery surged by a staggering 410%, indicating significant investment or accelerated wear and tear. Trade debtors decreased by 11%, and bank borrowings increased by 2400%, suggesting the company is relying more on external financing. Net assets increased by 28%, and creditors increased by 27%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the increased borrowing and depreciation raise questions about its long-term sustainability. As a small company, it's exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 12366588, with a registered address at DL16 6QF, England, Spennymoor, 45-47 Cheapside.

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