Eastern Electronics (marine) Limited

Eastern Electronics Marine Ltd from Ipswich UK is a small, active company founded 25 years ago. With a single employee and £40,857 in assets, it’s a modest operation led by one director and owner. The company regularly imports optical and medical tools and devices, with three months of import activity recorded as of February 2025. It operates in the engineering related scientific and technical consulting activities industries.

The company’s website is not available, so it’s difficult to determine the specifics of its operations beyond the import activities. It’s likely that Eastern Electronics Marine Ltd functions as a distributor or supplier of these specialized tools and devices, potentially serving a niche market within the marine or medical sectors. Without a website, it’s impossible to know if they engage in e-commerce or primarily operate through direct sales or partnerships.

Financially, Eastern Electronics Marine Ltd presents a mixed picture. Current assets have decreased by 13%, falling to £41,000, while cash reserves have seen a more significant drop of 24%, down to £27,000. Bank borrowings have increased by 6.5%, reaching £28,000. Debtor values have increased by 24%, suggesting a potential issue with customer payments. Equity has decreased by 37%, falling to £8,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the financial statements are unaudited. The decrease in equity is a cause for concern, potentially indicating that the company is burning through cash faster than it’s generating revenue. It’s possible that increased import costs or delayed payments are contributing to this trend. The director signing the financial statements is M N Wylie.

Registered in England/Wales under the registration number 03915172, with a registered address at IP5 1BD, England, Ipswich, Suffolk, 3 Eaton Place, Rushmere St. Andrew.

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