Boost Electric Ltd

Boost Electric Ltd, based in London, UK, is a small, active company founded four years ago. With a single employee and £9,064 in assets, the company generates £42,404 in yearly revenue. It operates from a virtual address shared by many other businesses, indicating a potentially lean operation. A single director and owner, Sebastian Szczypior, manages the company, which also runs an e-commerce site. Boost Electric is an irregular importer, primarily bringing in vehicles, parts, and accessories (excluding trains and trams), with recent activity recorded in October 2023.

The company’s website showcases a range of electric scooters, balance bikes, and spare parts, targeting commuters and families. It emphasizes next-day delivery, a 12-month warranty, and UK-based support—all hallmarks of a customer-focused online retailer. The site promotes “boost bikes” and highlights the benefits of electric vehicles, promising a “superpower” riding experience. Blog content addresses frequently asked questions about spare parts, returns, and payment methods, reinforcing its commitment to customer service.

Financially, Boost Electric Ltd presents a mixed picture. While turnover remained steady at £42,000, net assets have risen significantly to £9,300—a positive sign. However, cash bank on hand has decreased by 54% to £4,500, and current assets have fallen by 66% to £9,100. Operating profit loss remains at -£15,000, indicating ongoing challenges in profitability. Trade debtors are steady at £3,400, while creditors are also unchanged at £24,000. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the decline in cash reserves warrants attention. As a small company, it is exempt from an audit, so the figures are unaudited. It’s clear that while the company has a well-designed website and a customer-focused approach, it’s still navigating the complexities of running a small e-commerce business.

Registered in England/Wales under the registration number 13018355, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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