Electricaldeals Ltd

Electricaldeals Ltd, based in Bradford, UK, is a small, active company founded thirteen years ago. It boasts £313,004 in assets, a real address, and operates an e-commerce site with a respectable Google rating of 4.0 from 75 reviews. Run by two directors and a single owner, the company specializes in the wholesale and retail of household goods via online channels.

The company's website showcases a wide range of products, from TVs and laptops to audio equipment and kitchen appliances. It’s clear that Electricaldeals Ltd caters to a broad customer base, offering both established brands and more niche items. The site’s design is functional, prioritizing product listings and customer support information—though it could probably use a bit of a refresh. JavaScript seems to be disabled, which is something they should look into.

Financially, Electricaldeals Ltd presents a mixed picture. While current assets increased by 31% to £310,000, cash reserves dipped 35% to £5,800. Trade debtors have also risen significantly, increasing by 33% to £310,000, which could indicate a need to improve collection processes. On the positive side, creditors have decreased by 28%, suggesting better management of short-term liabilities. Equity, however, has seen a substantial boost, rising 220% to £86,000—a welcome sign of retained earnings accumulation. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are abridged and unaudited, which is common for companies of this size.

Overall, Electricaldeals Ltd seems to be navigating the challenges of a competitive market. The increase in debtors is something to keep an eye on, but the growth in equity suggests the business is building a solid foundation—though it's a little unclear how the company is managing its cash flow.

Registered in England/Wales under the registration number 07961128, with a registered address at BD8 8LQ, United Kingdom, Bradford, Ground Floor, Unit 10a.

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