Comelit-pac Limited

Comelit Pac Ltd, based in Luton, UK, is a sizable holding company with an active status. Established 23 years ago in 2001, the company employs 87 people and holds assets valued at £10,407,365. Its yearly revenue reaches £17,202,510, demonstrating a substantial operation. With two directors and one owner, Comelit Pac operates from a real address and regularly imports and exports electrical machinery and equipment—19 months of import activity and 18 months of export activity recorded.

The company’s website reveals a focus on security solutions, targeting both installers and end-users. Comelit Group, the parent company, emphasizes innovation in video door entry, access control, fire safety systems, and home automation. It’s clear they’re aiming for a global presence, boasting nine branches, eight research and development centres, and a commercial presence in over 90 countries. They also highlight a commitment to sustainability, training, and employee empowerment.

Financially, Comelit Pac Ltd shows a mixed picture. While turnover remains strong at £17.2 million, several key metrics have shifted. Accumulated amortisation and impairment of intangible assets has increased significantly, by 86%, suggesting increased investment in intellectual property. Cash and cash equivalents have fallen by a substantial 42%, dropping to £1.2 million, and net assets have decreased by 14%, settling at £5.6 million. Bank borrowings have increased by 35%, reaching £450,000, while trade debtors have fallen by 2.9%, which could indicate better credit control. Despite these changes, creditors have decreased by 18%, suggesting improved debt management. The company meets two of three criteria to be classified as a large company, indicating a solid, established business. The company's financial statements were audited by Ashings Limited.

Overall, Comelit Pac Ltd appears to be a financially stable, established company navigating typical business fluctuations. The decrease in cash reserves and increase in intangible asset amortisation warrants monitoring, but the company’s global presence and commitment to innovation position it well for continued success.

Registered in England/Wales under the registration number 04311885, with a registered address at LU2 8EF, England, Luton, Unit 2b The Quad, Butterfield Business Park.

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