Flexel 1986 Limited

Flexel 1986 Ltd from Redditch UK: a small, active company founded 16 years ago, boasts 15 employees and holds £582,823 in assets. It’s a family business with four directors and three owners, operating from a real address. The company regularly imports and exports electrical machinery and equipment – 6 months of imports and 4 months of exports recorded. 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’s website, flexel.co.uk, details its core business: the manufacture of wiring devices. It appears to be a B2B operation, with no obvious e-commerce functionality for direct consumer sales. The site highlights expertise in custom wiring systems and electrical components, catering to industrial and commercial clients. While the site is functional, it lacks the polish and engagement of a modern marketing platform.

Financially, Flexel 1986 Ltd shows a mixed picture. Current assets decreased by 2.3% to £580,000, while net assets increased by 2.3% to £420,000. Bank borrowings remained relatively stable, and cash reserves increased by 15% to £310,000. However, creditors decreased by 14%, suggesting better debt management. The company’s small size helps it stay agile, but the increase in losses from £230,000 to £190,000 is a concern. Trade debtors decreased by 22%, which could be a good sign of better payment collection, or a sign of reduced sales. The company’s unaudited financial statements, overseen by Randhawa Enterprises Limited, don’t provide a complete picture, but they do offer a glimpse into its operations.

The company’s focus on custom manufacturing and its long-standing presence in the industry suggest a stable business model. However, the increased losses and the lack of a strong online presence could pose challenges in the future.

Registered in England/Wales under the registration number 06605957, with a registered address at B98 9PA, England, Redditch, Unit 2 Burnt Meadow Road, Moons Moat North Industrial Estate.

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