Cork Electrical Limited

Cork Electrical Limited, based in Lowestoft, UK, is a small, active company founded eight years ago in 2017. With seven employees and £617,475 in assets, it operates from a real address and is led by three directors, with Alexander Lee as the solo owner and founder. The company is an irregular importer, primarily bringing in optical and medical tools and devices, with the last import activity recorded one month ago in April 2024.

Cork Electrical Limited specializes in electricity distribution and control apparatus and electrical installation industries. Its website highlights a focus on solar panel solutions for homes and businesses, offering grants and expert installation services. The company’s website also mentions a solar panel division, 1066 Pianos, which operates from Cambridge and even has a showroom in Harrods, London.

Financially, Cork Electrical Limited presents a mixed picture. Cash bank on hand has increased significantly by 70% to £370,000, a positive sign. However, trade debtors have also risen sharply by 74%, reaching £200,000, which could indicate difficulties in collecting payments. Creditors have increased dramatically, rising by 270% to £310,000, and other creditors have also increased by 77% to £62,000. Despite these challenges, the company’s net assets have increased by 19% to £330,000, and it is a small company, meeting two of three conditions for being small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The company’s financial statements are unaudited, as it is exempt from audit as a small company. The company’s increase in trade debtors is concerning, but the increase in cash is encouraging.

Registered in England/Wales under the registration number 10580862, with a registered address at NR32 2HD, England, Lowestoft, Lothing House, 7 Quay View Business Park, Barnards Way.

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