Faradays Limited

Faradays Limited, based in Eastleigh, UK, is a small, active company founded eighteen years ago in 2006. With forty-two employees and £1,672,201 in assets, it operates from a real address and is overseen by three directors and three owners. The company enjoys a perfect 5.0 Google rating based on four reviews. Faradays Limited regularly imports furniture, lighting, and prefabricated buildings, with the last import operation occurring in September 2024.

The company primarily functions as an electrical contractor, offering services to commercial, industrial, and hazardous area sectors. Its website highlights expertise in petroleum, EV chargers, maintenance, and industrial applications. Recent news updates showcase sponsorships of local athletes, including Scott Atkinson in the mechanical division and Lily Hoy, a taekwondo athlete, along with recognition for corporate social responsibility. The company also celebrates achievements like Harry Pickering’s success in the London Marathon and his European Long Distance Triathlon Championship.

Financially, Faradays Limited’s numbers present a mixed picture. While cash reserves increased by 6%, bank borrowings rose by a significant 1,000%, reaching £20,000. Creditors decreased by 27%, suggesting improved debt management, but net assets declined by 4%, indicating a slight erosion of equity. Trade debtors decreased by 34%, which could mean faster customer payments. 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 agility, but the increase in bank borrowings and slight decline in net assets warrant attention. The company is exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 05885327, with a registered address at SO53 4DG, Eastleigh, Hampshire, Unit B, 1 School Lane, Chandlers Ford.

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