Electrical World Limited

Electrical World Limited, based in Enniskillen, Northern Ireland, is a small, family-run business with an active status. Founded fifteen years ago in 2009, it employs thirty-one people and holds £1,474,715 in assets. The company operates from a real address and is overseen by three directors and two owners. It runs an e-commerce site and has a solid 4.0 Google rating from nearly five hundred reviews. The business regularly exports electrical machinery and equipment (eight months of activity), but imports are less frequent (just two months).

The company’s website reveals a focus on retail sales via mail order and internet, supplying a range of electrical products. It’s a tight-knit operation, clearly emphasizing British craftsmanship and family ownership.

Financially, Electrical World Limited shows some concerning trends. Cash bank on hand has fallen significantly by 51% to £240,000, and current assets have decreased by 5.5% to £1,300,000. Creditors have remained relatively stable, but the sharp decline in cash reserves suggests the company is burning through money. Trade debtors have also fallen by 20%, which could indicate difficulties in collecting payments. On the positive side, equity has increased by 7.9% to £400,000, which could be a result of retained earnings. 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 remain flexible. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Electrical World Limited appears to be facing some financial pressures, despite its strong online presence and good customer reviews. The company’s ability to manage its cash flow and maintain profitability will be key to its long-term success.

Registered in Northern Ireland under the registration number NI601005, with a registered address at BT74 4EB, Northern Ireland, Enniskillen, Co Fermanagh, 14 Blackstick Road Killyhevlin Industrial Estate.

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