Bankhead Electrical Services Limited

Bankhead Electrical Services Ltd from Aberdeen, UK, is a small, active company founded eight years ago. Employing just four people, it holds £486,425 in assets and operates from a real address. With four directors and three owners – the Hickling family – it’s a family business with a stellar 5.0 Google rating based on a single review. The company imports electrical machinery and equipment irregularly, with the latest import recorded just a month ago.

The company’s website highlights its expertise in electrical installation, maintenance, and servicing across commercial, industrial, and hazardous area sectors. It also offers bespoke control panel manufacturing, ranging from industrial to ATEX zone panels. The site emphasizes professional service, 40 years of experience, and a family-run approach, catering to businesses throughout Aberdeen and Aberdeenshire. It even boasts overseas technician availability.

Financially, Bankhead Electrical Services Ltd shows some interesting trends. While cash reserves increased by 5.4% to £250,000, net assets grew significantly by 48% to £480,000. However, accrued liabilities increased by 46% to £7,800, and bank borrowings surged, suggesting increased reliance on external financing. Debtors increased substantially, by 63%, which could indicate growth in sales but also potential issues with collecting payments. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The accounts are unaudited, a common exemption for small companies.

Overall, Bankhead Electrical Services Ltd appears to be a stable, growing business, though increased debt warrants monitoring. The family ownership and focus on specialized services – particularly in hazardous areas – provide a strong foundation for continued success.

Registered in Scotland under the registration number SC552601, with a registered address at AB21 0GX, Scotland, Aberdeen, Unit 5 Woodlands Road, Kirkhill Industrial Estate, Dyce.

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