Broadway Electrical Services Ltd

Broadway Electrical Services Ltd, based in Bishop's Stortford, UK, is a small, family-run business with an active status, celebrating 51 years since its founding in 1974. Employing 10 people and boasting assets of £426,988, the company operates from a virtual address, a detail that raises some questions. It’s managed by four directors and owned by two individuals, Farrow Stephen William Ernest and Farrow Susan Diana. The company maintains a stellar 5.0 Google rating based on 39 reviews and regularly imports electrical machinery and equipment, with its last import operation in August 2023.

The company's website, Broadway Electrical, presents a local electrical service provider operating in Southend-on-Sea and surrounding areas. It offers a range of services, including emergency callouts, EICRs (Electrical Installation Condition Reports), fault finding, rewiring, consumer unit replacements, and EV charger installations. The website highlights the company’s commitment to expert electrical works from fully insured local electricians, emphasizing quality, service, and experience. It also features testimonials praising the company's attention to detail and value. The website clearly functions as a marketing tool to generate leads and showcase services, but it doesn’t appear to be an e-commerce platform.

Financially, Broadway Electrical Services Ltd shows a mixed picture. Cash reserves decreased by 18% to £97,000, while bank borrowings significantly dropped by 41% to £9,900. Creditors increased by 13% to £19,000, and trade debtors decreased by 2.8% to £200,000. The company’s assets are growing, with a 1.5% increase to £430,000. The company’s net assets grew by 14% to £290,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the decrease in cash reserves could be a cause for concern. The company is exempt from an audit, and the figures rely on unaudited statements. Overall, Broadway Electrical Services Ltd seems to be financially stable, but it's important to monitor its cash flow and manage its debts effectively.

Registered in England/Wales under the registration number 01170027, with a registered address at CM22 6PU, England, Bishop's Stortford, Suite 1, The Old Farmhouse Stansted Courtyard, Parsonage Road, Takeley.

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