Electrical Solutions (south West) Ltd

Electrical Solutions (South West) Ltd, based in Kingsteignton, UK, is a small, active company established 14 years ago. With six employees and £269,094 in assets, it operates from a real address and is managed by two directors, though no owners are officially listed. The company regularly imports furniture, lighting, and prefabricated buildings—four months of import activity were recorded, with the most recent in September 2024. It’s a real business, and they do electrical installation.

The company’s website is minimal, providing little insight into its operations beyond its core service. It doesn’t appear to be an e-commerce platform, suggesting a business-to-business model focused on on-site electrical work.

Financially, Electrical Solutions (South West) Ltd presents a mixed picture. Accumulated depreciation on property, plant, and equipment has increased by 26%, which could indicate investment in new equipment. However, the number of employees has decreased by 17%, from six to five, which might be a cause for concern. Bank borrowings have decreased by 16%, which is positive, but cash bank on hand has increased dramatically, by 1300%, to £35,000. Creditors have also increased by 15%, which could be due to increased purchasing activity. Despite a drop in debtors by 8%, net assets have increased by 6.4%, suggesting a stable financial position. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble. The lack of an auditor is not unusual for a small company.

Overall, Electrical Solutions (South West) Ltd appears to be navigating a period of change. The decrease in employees, while concerning, could be due to restructuring or increased efficiency. The substantial increase in cash reserves is a positive sign, but it’s important to monitor whether this trend continues.

Registered in England/Wales under the registration number 07486904, with a registered address at TQ12 3RA, Kingsteignton, Devon, 8 Longfield Avenue.

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