Autoreel Limited

Autoreel Ltd, based in Nottingham, UK, is a small holding company with an active status, having operated for 39 years. Employing 18 people and holding £752,260 in assets, the company has a real address and is managed by two directors and two owners. While it maintains a Google rating of 1.0 from a single review, Autoreel Ltd’s business model is a curious mix of importing and exporting. It sporadically imports electrical machinery and equipment, with its last import operation occurring over a year ago in October 2020, but it regularly exports machinery, boilers, and mechanical appliances—parts, with the latest shipment made in April 2024.

The company’s website is not available, which makes it difficult to fully understand its operations beyond the import/export activity. It appears to operate in the manufacture of wiring devices industries.

Financially, Autoreel Ltd’s numbers paint a slightly concerning picture. Cash bank on hand decreased by 10% to £360,000, and net current assets liabilities fell by 5% to £240,000. Trade debtors increased significantly, by 73%, reaching £99,000, which could indicate a build-up of outstanding invoices. Creditors also rose, by 16%, to £510,000, and other taxation social security payable increased dramatically, by 150%, to £34,000. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the increase in debt and decrease in cash reserves suggest it’s burning through money. The company’s auditor, Xeinadin Audit Limited, has not provided any comments. The company's property plant equipment decreased by 2.1%, to £14,000.

Registered in England/Wales under the registration number 01933665, with a registered address at NG4 2BB, Nottingham, Colwick Industrial Estate, Colwick.

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