Cello Electronics (uk) Ltd.

Cello Electronics Uk Ltd, based in South Lanarkshire, UK, is a sizable holding company with an active status, having been founded 28 years ago. Despite employing just two people, the company boasts substantial assets of £11,017,818 and generates a yearly revenue of £13,718,349. The company operates from a virtual address, registered with 101 other companies at the same location, which is a bit unusual. It’s managed by three directors and has one owner, and currently holds a Google rating of 4.0 based on 14 reviews. Cello Electronics is a regular importer and exporter of electrical machinery and equipment, with 229 months of import activity and 5 months of export activity.

The company’s website, celloelectronics.com, showcases a wide range of televisions, small kitchen appliances, soundbars, monitors, and home office accessories. They particularly emphasize their TVs, offering various types like Smart TVs, HD TVs, and caravan TVs. A key selling point is their partnership with LG for Smart TVs, highlighting the speed and functionality of the WebOS platform. The website also promotes their TVs as being manufactured in the UK, specifically in Bishop Auckland, County Durham, which is a significant differentiator. The site is well-designed and easy to navigate, with clear product categories and detailed descriptions.

Financially, Cello Electronics Uk Ltd presents a mixed picture. While current assets remain stable at £11,017,818, the company’s bank balance has decreased significantly by 45% to £3,200,000. Borrowings have increased by a substantial 1,700% to £1,600,000, which could indicate increased investment or operational expenses. Creditors have also increased by 42% to £2,900,000. The company’s turnover remained consistent at £14,000,000, but net losses have increased to £1,100,000. The company’s large asset base and turnover suggest a stable business, but the increasing debt and losses are concerning. The company’s auditor, Sharles Audit Limited, has issued an unaudited report. The company is classified as a large company, meeting two of three conditions: turnover exceeding £36 million and balance sheet total exceeding £18 million.

Registered in Scotland under the registration number SC169201, with a registered address at ML3 6DA, South Lanarkshire, 29 Brandon Street, Hamilton.

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