Esprit Electronics Limited

Esprit Electronics Ltd from Southampton UK: a large company, active status, founded 36 years ago, employing 90 people, holding £8,601,658 in assets, and generating £15,449,650 in yearly revenue. It operates from a real address and is overseen by ten directors and one owner, boasting a Google rating of 4.0 based on one review. The company regularly imports and exports electrical machinery and equipment, with 307 months of import activity and 190 months of export activity.

The company’s website highlights its role as a provider of Electronic Manufacturing Services (EMS) to UK and European markets. Esprit Electronics collaborates with customers, taking the time to thoroughly understand their requirements and provide solutions. Services include PCB assembly, New Product Introduction, Test inspection solutions, Box build, Conformal coating, DFT DFM, Logistics management, and Supply chain management. The company employs a team of ten, including a Managing Director, Sales Director, Supply Chain Director, Financial Director, HR Director, Senior Account Manager, Customer Services Manager, Operations Director, Technical Director. It operates in multiple sectors, including marine, environmental, industrial, instrumentation, medical, mobility, oil, gas, security, and comms.

Financially, Esprit Electronics Ltd shows some concerning trends. While cash and cash equivalents increased by a healthy 76% to £1.3 million, current assets decreased by 7.2% to £8.6 million. Net assets grew by 11% to £5.6 million, but profit loss declined by 29% to £640,000. Bank borrowings were reduced by 31% to £22,000. Trade debtors decreased by 20% to £2.9 million, and creditors decreased by 23% to £3.9 million. The company's size (meeting two of three criteria for a large company) suggests it's established, but the declining profit and reduced cash reserves warrant closer attention. The company's accounts are audited, and Menzies LLP is the auditor. The trend of decreasing profit could be due to increased costs of materials or competition in the EMS market. It's possible the company is investing in new technologies or expanding its services, which could explain the reduced cash reserves.

Registered in England/Wales under the registration number 02285953, with a registered address at SO31 4RF, Southampton, Hampshire, Unit 33 Mitchell Point, Ensign Way Hamble.

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