Cornelius Electronics Limited

Cornelius Electronics Limited, based in West Glamorgan, UK, is a medium-sized holding company with an active status, celebrating 41 years in business. Employing 221 people, the company holds assets valued at £7,500,105 and generates an annual revenue of £17,220,297. With five directors and two owners, Cornelius Electronics boasts a respectable Google rating of 4.0 based on 18 reviews. The company regularly imports and exports electrical machinery and equipment, having done so for 49 months and 23 months respectively.

The company operates as a contract manufacturer specializing in wiring harnesses, cable assemblies, box builds, and related services. Its website highlights a focus on turnkey manufacturing solutions, boasting 50,000 square feet of facilities and a workforce of 250 trained operatives. Cornelius Electronics emphasizes strong partnerships, lasting connections, and a commitment to quality, offering services like design, build, and shipping. The company also provides a range of value-added services, including supply chain management, stock holding, and build-to-order capabilities.

Financially, Cornelius Electronics shows some concerning trends. Accrued liabilities and deferred income increased by 38%, while non-financial instruments decreased by 57%. Property, plant, and equipment saw a decrease in depreciation and impairment, but overall, the company’s net assets declined. Administrative expenses decreased by 23%, which is positive, but bank borrowings decreased significantly. A notable increase in merchandise, from £2 million to £2.4 million, suggests a focus on sales, but also potentially increased inventory risk. Cash reserves, however, increased by 62%, a positive sign of improved liquidity. The company’s turnover decreased by 7.8% to £17 million.

While the company's financial statements are unaudited, the trends suggest a period of adjustment. The decrease in turnover, combined with increased liabilities, warrants close monitoring. The company’s long-standing presence and focus on specialized manufacturing, however, provides a solid foundation for future growth. The lack of auditor information is consistent with the company’s size and status.

Registered in England/Wales under the registration number 01729062, with a registered address at SA12 7TZ, West Glamorgan, Purcell Avenue, Port Talbot.

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