Electric Engineering Co. Ltd.

Electric Engineering Co. Ltd from Witney UK: a small company with an active status, founded 48 years ago, holds £11,591 in assets, operates from a virtual address, and is managed by three directors and one owner. It’s an irregular importer of electrical machinery and equipment, with just one month of imports recorded as of April 2022.

The company’s core business revolves around the manufacture of electric motors, generators, and transformers. While no website is available for direct analysis, this suggests a business-to-business model, likely supplying components or services to larger manufacturers rather than direct consumer sales. It’s probably not an e-commerce business.

Financially, Electric Engineering Co. Ltd presents a mixed picture. Accumulated depreciation and impairment of property, plant, and equipment increased slightly by 1.7% to £980,000, while cash bank on hand grew by 5.3% to £12,000. Creditors remained steady at £12,000, and current assets increased by 4.6% to £12,000. However, debtors plummeted by a staggering 100%, leaving zero reported, which is a big change. Equity decreased by 5% to £310,000, and net assets also declined by 4.8% to £320,000. 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 it to remain flexible, but the drop in equity is something to keep an eye on. There's no mention of an auditor, which is common for small, exempt companies.

The company’s irregular import activity suggests it may be sourcing components or materials from overseas, but the low volume and long gap since the last import raise questions about its supply chain. The decrease in debtors is a bit concerning, and it’s possible the company is experiencing payment delays. It’s hard to say for sure, but it seems like the company is holding steady, but facing some financial pressures.

Registered in England/Wales under the registration number 01304178, with a registered address at OX28 4YR, United Kingdom, Witney, Oxfordshire, Unit 1c Eagle Industrial Estate, Church Green.

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