Firstfield Electrical Limited

Firstfield Electrical Ltd, based in Ipswich, UK, is a small, active company founded 18 years ago. With 23 employees and £1,100,734 in assets, it’s a well-established player in the electrical installation sector. The company, led by a solo founder and single director, boasts a stellar 5.0 Google rating from seven reviews. It’s an irregular importer, bringing in electrical machinery and equipment, with the last import operation occurring in June 2023.

The company’s website showcases a full suite of industrial electrical services, catering to Suffolk and East Anglia. From design and installation to inspection, testing, and maintenance, Firstfield Electrical offers comprehensive solutions for various industries. It’s clear that the company is focused on providing a complete service, with in-house designers, engineers, and programmers. The website highlights a commitment to quality and expertise, emphasizing the company's nearly 20 years of experience.

Financially, Firstfield Electrical’s recent performance presents a mixed picture. While average employee numbers increased by 30% to 30, cash reserves only grew slightly, by 2.9% to £120,000. Bank borrowings jumped significantly, rising 70% to £160,000, and creditors also increased, by 23% to £1,000,000. A notable positive is the 54% increase in debtors, suggesting improved sales or extended payment terms. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the rise in debt and the dip in equity—plummeting 1000% to £110,000—suggests a need for careful financial management. The accounts are unaudited, which is common for small companies, and no auditor is mentioned. Overall, Firstfield Electrical appears to be a solid, experienced business, but it’s facing some financial headwinds that it will need to address.

Registered in England/Wales under the registration number 06062222, with a registered address at IP6 8RS, England, Ipswich, Firstfield Electrical Ltd Unit 5, The Woodlands, Badley.

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