Goodwin Electronics Limited

Goodwin Electronics Ltd from Bromborough UK: a small, active company founded 22 years ago, employs six people, and holds £402,374 in assets. It's a solo-founded operation with two directors overseeing its activities. The company is a regular exporter of electrical machinery and equipment, with ten months of export activity recorded, the last in January 2025. However, it’s an irregular importer of optical and medical tools and devices, with just one month of import activity as of June 2023.

The company operates in the manufacture of electronic components industries, and its website, though non-existent, suggests a focus on industrial equipment. It’s a small company, meeting two of three criteria for classification (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The registered address is real, with only one other company registered there.

Financially, Goodwin Electronics Ltd’s numbers show a mixed picture. Current assets decreased by 11% to £400,000, while net assets remained steady at £18,000. Bank borrowings increased by a significant 230%, reaching £29,000, and cash reserves fell 19% to £2,000. Creditors decreased by 28%, suggesting improved debt management. Trade debtors also decreased by 19%, which is good. The company’s small size helps it stay agile, but the increase in bank borrowings raises some questions.

Accumulated depreciation impairment property plant equipment rose by a large 120%, which could be a sign of investment, or a sign that equipment is wearing out. Directors loans to the company decreased, but the company has been paying less interest.

With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. Overall, Goodwin Electronics Ltd appears to be holding its own, but it’s facing some financial pressures.

Registered in England/Wales under the registration number 04716961, with a registered address at CH62 3PT, Bromborough, Wirral, 6 Lumina Martindale Road, Croft Business Park.

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