Banelec Limited

Banelec Ltd from Brierley Hill UK: small company, active status, founded 19 years ago, 17 employees, £1,429,259 assets, real address, 2 directors, 2 owners, family business, google rating 5.0 based on 3 reviews. Regular importer of electrical machinery and equipment (3 months imported). Irregular exporter of electrical machinery and equipment (2 months exported). Banelec Ltd operates as an electrical control system specialist, manufacturing automation firm, and Schneider Systems Integrator. The company’s website showcases a range of services, including automation, robotics, and hazardous area controls, catering to sectors like gigafactories, nuclear, rail, and renewables. It even offers a 3D factory tour, highlighting its capabilities.

Banelec's core business revolves around providing electrical control systems solutions, integrating technologies to enhance industrial processes. The website emphasizes a focus on innovation and future-proof solutions, supporting Industry 4.0 applications. The company’s in-house team of specialist engineers offers services from system integrations to programming robots. It seems they’re aiming to be a one-stop shop for electrical and automation needs.

Financially, Banelec Ltd presents a mixed picture. Current assets have increased by a substantial 130%, reaching £1.4 million, while cash reserves have skyrocketed 170% to £420,000. However, net losses have deepened, with bank borrowings decreasing by 31% to £22,000. Trade debtors have increased by 71% to £330,000, suggesting potential delays in customer payments. Creditors have risen significantly, increasing by 300% to £710,000. 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 nimble, but the increase in creditors raises questions about cash flow management. No auditor is mentioned, likely due to its status as a small company.

Overall, Banelec Ltd seems to be experiencing growth in assets and cash, but also facing challenges in managing its liabilities. The company’s family ownership and focus on specialized electrical services could be key to its long-term success, but keeping a close eye on its financial health will be important.

Registered in England/Wales under the registration number 05635655, with a registered address at DY5 1UB, England, Brierley Hill, West Midlands, 3 Old Bush Street.

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