Basil Knipe Electrics Limited

Basil Knipe Electrics Ltd, based in Ballymoney, Northern Ireland, is a sizable company with a solid reputation, holding a perfect 5.0 Google rating from 485 reviews. Established sixteen years ago, the company employs forty-three people and boasts assets of £7,532,115. It operates as a holding company with an active status and is overseen by two directors and one owner. The company’s real address is registered at 41 Ballymena Road, and it’s a real address as only three companies are registered there.

Primarily, Basil Knipe Electrics Ltd is a retail business specializing in electrical household appliances, with a wide range of products including cookers, refrigerators, washing machines, and TVs. The website showcases a comprehensive selection, from kitchen appliances to entertainment systems, even offering wedding lists and a service for building custom cooker configurations. It’s clear they cater to a broad customer base, both in-store and online.

Financially, the company's recent performance shows some interesting trends. While cash and cash equivalents increased by a healthy 32% to £2.1 million, net assets also grew significantly, rising 40% to £6.5 million. However, bank borrowings increased by 26% to £1.1 million, and staff costs rose by 5.6% to £940,000. Trade debtors increased by 58% to £750,000, suggesting a possible shift in payment terms or increased sales on credit. The company’s turnover is likely over £36 million, but it is not stated. The company’s auditors are GMcG BELFAST. The decrease in deferred tax expense credit for the year could be due to changes in tax legislation or a change in the company’s tax position.

The company’s irregular import activity, with only one month of imports of electrical machinery and equipment recorded as of March 2021, suggests a selective approach to sourcing. Overall, Basil Knipe Electrics Ltd appears to be a financially stable and well-regarded business, though the increase in debt warrants further observation.

Registered in Northern Ireland under the registration number NI070354, with a registered address at BT53 7EX, Northern Ireland, Ballymoney, 41 Ballymena Road.

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