First Choice Assembly Limited

First Choice Assembly Ltd from Stourbridge UK: a small, active company founded 21 years ago, employs 34 people, and holds £3,749,280 in assets. Based at a real address and managed by three directors and two owners, the business regularly imports and exports electrical machinery and equipment – 142 months of imports and 43 months of exports. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company specializes in contract electronics manufacturing, offering a wide range of services from surface mount assembly to finished product builds. Its website highlights capabilities like PCB quality inspection, prototyping, and even a lifetime warranty against manufacturing defects. It’s clear that First Choice Assembly is focused on providing full-service solutions for clients, managing everything from initial concept to final product. The website also mentions a 30 years experience in PCB assembly and manufacturing.

Looking at the financial data, there are some interesting trends. Current assets have decreased by 13%, dropping to £3,700,000, while net assets have also fallen by 2%, settling at £2,800,000. Bank borrowings have increased significantly by 2,400%, reaching £29,000, and cash reserves have fallen by 30% to £1,900,000. Trade debtors have decreased by 7.4%, suggesting improved collection efforts. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited.

The company’s focus on quality and reliability, as evidenced by its lifetime warranty and in-house production, is a positive sign. However, the decline in cash reserves and the increase in bank borrowings suggest it may be burning through money a little faster than it’s bringing it in. Perhaps the company is investing in new equipment or expanding its operations, which could explain the financial pressures. The company's focus on the electrical installation industries seems to be working well, but it's important to keep an eye on those cash flow numbers.

Registered in England/Wales under the registration number 05065109, with a registered address at DY8 3QG, Stourbridge, West Midlands, 4, St. James Court, Bridgnorth, Road, Wollaston.

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