Electrotech Drives Ltd

Electrotech Drives Ltd from Coalisland, UK, is a small, holding company with an active status, established 11 years ago. Employing just five people, the company holds £907,366 in assets and operates from a real address. With two directors and one owner, it boasts a stellar 5.0 Google rating based on 24 reviews. The company regularly imports electrical machinery and equipment, with its last import activity recorded six months ago.

The company’s website showcases a comprehensive range of electric motors, gearboxes, vibrating equipment, and related components. It’s clear that Electrotech Drives Ltd operates primarily as a wholesaler, catering to various industries including agriculture, quarrying, and manufacturing. The website includes detailed product specifications, a quick search function, and even a blog with industry-specific advice. It’s an e-commerce site, selling directly to customers and offering free shipping to the UK and Ireland.

Financially, Electrotech Drives Ltd presents a mixed picture. Current assets have decreased by 24% to £910,000, while net assets have fallen by 31% to £760,000. Cash reserves have seen a significant drop of 50%, down to £270,000. Bank borrowings have increased, and creditors have decreased slightly. The company’s small size, meeting two of three criteria for a small company, helps it remain flexible, but the decrease in equity raises concerns. No auditor is mentioned, likely due to the company’s exemption as a small entity.

The company’s fixed assets have also seen a large decrease, 51%, which may be a result of depreciation or disposals. While the company’s turnover isn’t explicitly stated, the decrease in assets and equity suggests a period of financial pressure. The company’s long history, dating back to 2002, and its focus on quality products and customer service, however, provide a solid foundation for future growth.

Registered in Northern Ireland under the registration number NI623859, with a registered address at BT71 6HD, Coalisland, Co Tyrone, The Old Pottery, 91 Ballynakilly Road.

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