Best Electric Ltd

Best Electric Ltd, based in Knaresborough, UK, is a small, active company established eleven years ago. With four employees and £2,341,138 in assets, it’s a modest operation overseen by two directors and one owner. The company regularly imports electrical machinery and equipment, with 15 months of import activity recorded, the latest in December 2024. It's a real address, with only four companies registered there.

The company’s website, Best Electric, positions itself as a leading UK online supplier of electrical products, focusing on energy-efficient solutions. It offers a range of energy-efficient radiators, heaters, and LED lighting, and even explores the electric car market with helpful tips. The site also includes separate sections for piano restoration (1066 Pianos), and electric car news—a diverse range of activities. They even have a showroom in Harrods!

Financially, Best Electric Ltd shows a mixed picture. While net assets increased by 5.1% to £2,300,000, cash reserves remained steady at £2,000,000. Trade debtors jumped significantly by 130%, suggesting potentially delayed customer payments, but creditors decreased slightly. 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 for agility, but the increase in debtors warrants attention. There was no auditor mentioned, likely due to exemption as a small company. Accumulated depreciation on vehicles has increased, which is a normal thing.

Overall, Best Electric Ltd seems to be holding its own, with a diverse range of activities and a focus on energy efficiency. However, the increase in debtors should be monitored closely to ensure continued financial stability.

Registered in England/Wales under the registration number 09018210, with a registered address at HG5 8LF, England, Knaresborough, Building C Knaresborough Technology Park, Manse Lane.

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