Evconnectors Limited

Evconnectors Ltd, based in Braintree, UK, is a small, active company founded twelve years ago in 2012. With £656,090 in assets, it’s a solo-founded operation managed by one director and owner. The company regularly imports and exports electrical machinery and equipment—importing for 48 months and exporting for 22 months, with the latest export activity in May 2024. It operates from a real address at 14 Bluegate Business Park, Great Bardfield, and is registered with only one other company at the same address.

Evconnectors Ltd specializes in the sale of EV charging cables and related accessories, catering to both home and workplace charging needs. Its website showcases a wide range of products, including Type 2 and Type 1 cables, power adapters, convertors, and cable protection solutions. The site also offers custom cable lengths and bundles, targeting a diverse customer base from individual EV owners to fleet operators. It even has a section for commercial customers, offering vehicle inlets and charge station outlets.

Financially, Evconnectors Ltd presents a mixed picture. Current assets have decreased by 22% to £660,000, while net assets have fallen 15% to £510,000. Trade debtors have seen a significant drop, decreasing by 86% to £70,000, which could indicate improved collection efforts or a shift in sales strategy. However, payments received on account have also fallen by 69%, suggesting a potential slowdown in incoming payments. Bank borrowings increased by 2,400% to £29,000, and cash reserves fell 30% to £28,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in equity warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Evconnectors Ltd appears to be navigating a period of change. While its online presence and product range suggest a growing business, the financial data indicates some challenges. Whether the company can sustain its growth trajectory remains to be seen, but its focus on EV charging solutions positions it well for the future.

Registered in England/Wales under the registration number 08323124, with a registered address at CM7 4PZ, Braintree, 14 Bluegate Business Park, Great Bardfield.

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