Electrassure Limited

Electrassure Ltd, based in Letchworth Garden City, UK, is a small, active family business founded 20 years ago. With 12 employees and £2,156,611 in assets, it operates from a real address and is managed by three directors and two owners. The company is an irregular importer of electrical machinery and equipment, with just two months of imports recorded in the last year.

The company’s website highlights its focus on commercial EV charging solutions, offering everything from plan and install services to maintenance and charger management systems. It caters to various sectors, including fleet operators, workplaces, and destination charging locations, and boasts a range of chargers from leading manufacturers. The site showcases numerous case studies, demonstrating successful installations for clients like National Grid and British Car Auctions. It also features a frequently asked questions section, addressing common concerns about EV charging.

Financially, Electrassure Ltd shows a mixed picture. While cash reserves have significantly increased by 370%, reaching £1,000,000, bank borrowings have decreased by 74%, falling to £19,000. Creditors have increased substantially, rising by 140% to £1,800,000, which could indicate increased investment or supplier payments. Net assets have grown by 16% to £380,000, and trade debtors have decreased by 49% to £410,000. The number of employees has increased by 33% to 16. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the rise in creditors suggests a need to manage cash flow carefully. As a small company, it is exempt from an audit, so the figures are unaudited. The sharp increase in trade debtors might indicate difficulties in collecting payments, or perhaps a strategic decision to extend credit terms to attract new customers.

Registered in England/Wales under the registration number 05305052, with a registered address at SG6 1UG, England, Letchworth Garden City, Hertfordshire, Exeter House, 1 Amor Way.

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