Frome Auto Electrical Ltd

Frome Auto Electrical Ltd, based in Frome, UK, is a small, active company founded 21 years ago in 2003. With 14 employees and £1,796,401 in assets, it's a well-established local business boasting a perfect 5.0 Google rating from 26 reviews. The company operates from a real address and is led by two directors and one owner. It’s an irregular importer, with its last import activity recorded one month ago in July 2023, dealing in none.

The company’s website showcases a broad range of services and products, catering to both individual and commercial customers. It’s a one-stop shop for auto electrical supplies, vehicle parts, quarry safety equipment, audio installation, vehicle security devices, and caravan accessories. They even have a vehicle parts shop. The website emphasizes quality, durability, and expert advice, working with reputable suppliers like Brigade, Yuasa, and HELLA. They offer services ranging from air conditioning regas to vehicle audio installations, serving customers within a 20-mile radius of Frome, including towns like Warminster, Shepton Mallet, and Trowbridge.

Financially, Frome Auto Electrical Ltd shows some interesting trends. While cash reserves increased significantly by 100% to £1,500,000, current assets also rose by a substantial 90% to £1,800,000. However, net losses deepened, and bank borrowings surged, suggesting a need for more capital. Creditors increased by 60%, and trade debtors rose by 61%, which could be due to expanding credit terms or delayed 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 borrowing and creditors warrants attention. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

Overall, Frome Auto Electrical Ltd appears to be a thriving local business, but the financial data suggests it’s burning through cash. It's a good sign that cash reserves are up, but the increase in borrowing and creditors needs to be monitored.

Registered in England/Wales under the registration number 04802912, with a registered address at BA11 4BN, Frome, Somerset, Manor Road.

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