Exel Grp Ltd

Exel Grp Ltd, based in Nottingham, UK, is a small, active company founded seven years ago in 2018. With 24 employees and £126,302 in assets, it operates from a real address and is managed by two directors and a single owner, who also serves as the solo founder. The company runs an e-commerce site and has a respectable Google rating of 4.0 based on four reviews. It’s a regular importer, primarily bringing in miscellaneous metal items, with recent activity recorded just last month.

The company’s website showcases a focus on fibreglass enclosures and kiosks, offering both standard models and bespoke solutions. Imagery and information on the site are subject to change, and customers are advised to confirm specifications and options. Exel Grp Ltd operates in the manufacture of glass fibres industries. The site also includes contact information, wholesale policies, and location details.

Financially, Exel Grp Ltd shows some interesting trends. Cash reserves increased by a modest 10% to £33,000, but trade debtors decreased by 18% to £33,000. Bank borrowings were reduced by nearly 50% to £10,000. Creditors, however, increased by 9% to £87,000, and net assets rose by 57% to £78,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility. Depreciation on plant machinery increased by 140%, which could indicate investment in new equipment, or perhaps a change in accounting practices. With no auditor mentioned, the figures are unaudited.

Overall, Exel Grp Ltd appears to be financially stable, though the increase in creditors warrants a closer look. The focus on custom kiosks and a strong online presence suggests a business adapting to market demands.

Registered in England/Wales under the registration number 11357257, with a registered address at NG6 8HW, England, Nottingham, Unit 12 Thames Street, Thames Street.

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