Car Electronics Limited

Car Electronics Ltd is a sizable company, holding company, and active entity established 61 years ago in 1964. Based in Leicester, it employs 17 people and manages £3,298,882 in assets, generating £7,764,597 in yearly revenue. The company, which has five directors and one owner, operates an e-commerce site and has a respectable 4.0-star rating on Google based on 70 reviews. It’s a regular importer and exporter of electrical machinery and equipment, with 78 months of import activity and 180 months of export activity recorded.

The company's website indicates a focus on automotive electronics, particularly car stereo and dashcam systems. It appears to cater to both trade members and the general public, offering a wide range of brands like Alpine, Pioneer, and Sony. The site features a product carousel and detailed specifications, suggesting a commitment to providing customers with information.

Financially, Car Electronics Ltd presents a mixed picture. While turnover remained stable, net assets decreased by 23%, falling to £3,200,000. Cash reserves declined by 31%, reaching £1,200,000, and bank borrowings increased by 10%, reaching £790,000. Creditors decreased by 4%, indicating improved debt management. The company’s size (meeting two of three criteria for a large company) suggests it’s a well-established player in its market, but the decrease in equity raises questions about its long-term financial health. The company's auditor is Mark J Rees LLP Chartered Accountants, suggesting a level of scrutiny.

The company’s continued import and export activity, combined with its strong Google rating, points to a business that’s actively engaging with customers and suppliers. However, the decline in net assets warrants closer monitoring to ensure its continued success.

Registered in England/Wales under the registration number 00787857, with a registered address at LE2 6AN, 9 Oakland Road, Leicester.

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