Extrastar Electrical Ltd

Extrastar Electrical Ltd, based in Salford, UK, is a small, active company founded seven years ago. With nine employees and £3,264,230 in assets, it operates as a solo-founded business with two directors. The company runs an e-commerce site and boasts a 3.0 Google rating from eight reviews. It’s a regular importer of electrical machinery and equipment (121 months) but only occasionally exports (2 months).

The company’s website, ExtraStar UK, positions itself as a wholesale supplier of lighting and electrical products, catering to various sectors including convenience stores, petrol stations, lighting stores, and DIY outlets. It offers a wide range of products, from Bluetooth speakers and USB cables to extension leads, light bulbs, and battery chargers. The site emphasizes trade smarter and grow faster, partnering with leading brands and offering fast delivery. It even has a section for businesses to register for trade accounts.

Financially, Extrastar Electrical Ltd shows a mixed picture. While cash bank on hand increased significantly by 91% to £270,000, net assets declined by 7.9% to -£420,000. Trade debtors increased by 27% to £670,000, indicating a reliance on customer payments, and creditors rose by 12% to £3,300,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the negative equity raises concerns. The company’s accounts are unaudited and exempt from audit as a small company.

The company’s increased debt and negative equity suggest it may be burning through cash, although the increased cash reserves indicate some recent success. The focus on wholesale and the wide product range suggest a business trying to capture a broad market share, but the financial results show the company is still working to achieve profitability.

Registered in England/Wales under the registration number 10960747, with a registered address at M7 1SN, England, Salford, Manchester, Unit 1 - 4, 1 Edward Street.

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