Contel Ltd

Contel Ltd, based in Accrington, UK, is a small, active company founded seven years ago in 2017. With 13 employees and £1,461,709 in assets, it operates from a real address and is managed by two directors and two owners. The company is a regular importer and exporter of electrical machinery and equipment, with 119 months of import activity and three months of export activity recorded as of December 2024. It provides services and products to the wholesale of electronic and telecommunications equipment and parts industries.

The company's website highlights a focus on fleet safety and security solutions, specializing in reversing camera systems, mobile digital video recorders, and tracking telematics. It caters to industries like transport and logistics, offering products such as Defend MDVRs, forklift truck cameras, and body cameras. The site emphasizes its ability to protect fleets with market-leading solutions, and features testimonials from satisfied customers like Biffa Waste and NCR Corporation.

Financially, Contel Ltd shows a mixed picture. Current assets increased by 7.3% to £1.5 million, while net assets rose by 11% to £1.2 million. However, bank borrowings decreased by 52% to £9,200, and trade debtors increased by 12% to £510,000. Depreciation on motor vehicles increased by 15% to £100,000, suggesting investment in new equipment. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increase in debtors could indicate challenges in collecting payments. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Contel Ltd appears to be a stable, albeit small, business operating in a specialized niche. Its focus on fleet safety and security, combined with a growing asset base, suggests a potential for continued growth—though careful management of debtors will be key.

Registered in England/Wales under the registration number 10871572, with a registered address at BB5 5YH, England, Accrington, Unit 4 Shorten Brook Drive Altham Business Park, Altham.

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