Draycotts Electrical Engineers Limited

Draycotts Electrical Engineers Ltd, based in Stratford-Upon-Avon, UK, is a small, active company with a long history, having been founded 67 years ago in 1957. Employing just three people, the business holds £358,693 in assets and operates from a virtual address – a point to note as 266 companies share the same location. The company is run by three directors and owned by two individuals, though the list of owners hasn't been updated for nine years. It boasts a respectable Google rating of 4.0 based on 198 reviews, and regularly imports optical and medical tools and devices, with the most recent import recorded four months ago.

The company’s website, though not provided, suggests a focus on electrical installation services. It's a traditional business, not an ecommerce operation, and appears to serve local clients. The business is a small company, meeting two of the three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 30 employees.

Financially, Draycotts Electrical Engineers Ltd shows a mixed picture. While cash bank on hand decreased by 17% to £300,000, creditors dropped significantly by 40% to £76,000, indicating improved debt management. Trade debtors, however, increased by 110% to £40,000, which could be a sign of delayed payments or a strategy to offer more credit. Net assets increased by 4% to £310,000. The company’s property, plant, and equipment saw depreciation increase, but overall, the business appears to be holding its own. The lack of an auditor mentioned suggests the company is exempt from an audit as a small business, and the financial statements are unaudited.

Despite the slight increase in assets, the company's reliance on bank borrowings and the increase in trade debtors are points to watch. The company's long-standing presence and positive customer reviews suggest a solid foundation, but careful financial management will be crucial for continued success.

Registered in England/Wales under the registration number 00594596, with a registered address at CV37 7GZ, United Kingdom, Stratford-Upon-Avon, Warwickshire, Celixir House, Stratford Business And Technology Park.

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