Fretronics Engineering Limited

Fretronics Engineering Ltd, based in Glasgow, UK, is a small, active company founded just two years ago. With two employees and £23,182 in assets, it’s a solo-founded operation managed by two directors and a single owner. The company has a real address and boasts a stellar 5.0 Google rating from 27 reviews. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with the last import activity recorded one month ago.

The company’s website highlights its expertise in audio electronics design, manufacturing, and repair, specifically catering to the live music and events sector. It offers a comprehensive range of services, from bespoke audio solutions to full-scale EMS contracts, and even acts as an authorised warranty and service centre for several leading audio equipment manufacturers. The website clearly shows a focus on quality and responsible practices, with a commitment to extending the lifespan of valuable equipment through refurbishment and upgrades.

Financially, Fretronics Engineering Ltd presents a mixed picture. While current assets decreased slightly to £23,000, bank borrowings increased significantly by 2,400% to £6,000. Cash reserves also fell by 30% to £16,000. Creditors, however, decreased by 29%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the increase in borrowings and decrease in cash raises some questions. The company's turnover is under £10.2 million, its balance sheet total is under £5.1 million, and it has fewer than 50 employees. No auditor is mentioned, likely due to the company’s exemption as a small business.

It’s clear that Fretronics Engineering Ltd is a niche player in the audio electronics market, but the financial figures suggest it may be burning through cash faster than it’s generating revenue. Whether the company can sustain its growth and maintain its excellent reputation remains to be seen.

Registered in Scotland under the registration number SC743248, with a registered address at G51 3TR, Scotland, Glasgow, Unit 37 Elderpark Workspace, 100 Elderpark Street.

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