Grantleys Electrical Limited

Grantleys Electrical Ltd, based in Portsmouth, UK, is a small, family-run business with an active status. Established nineteen years ago in 2005, it employs just three people and holds £266,941 in assets. With four directors and two owners, and a perfect 5.0 Google rating from seven reviews, it’s a well-regarded local operation. The company regularly imports furniture, lighting, and prefabricated buildings, though import activity is irregular, with the last operation recorded in May 2022.

The company's website, Grantleys of Frinton, presents a traditional retail experience. It emphasizes a family-run business with over 25 years of experience in the electrical sector, offering a wide range of products from well-known brands at competitive prices. The website highlights a large display of home lighting and a commitment to personal service, positioning Grantleys as a destination for electrical goods in the Frinton-on-Sea area. It even advertises a dedicated electrical retailer, and it's a place to see.

Financially, Grantleys Electrical Ltd shows a mixed picture. While current assets increased by 10% to £270,000, net assets only grew slightly by 1.4% to £540,000. Bank borrowings remained steady, and cash reserves decreased by 24% to £50,000. Creditors increased by 17% to £120,000, and trade debtors rose by 22% to £220,000. The company’s small size—meeting two of three criteria for a small company—helps it remain nimble, but the increase in debtors suggests a need to manage customer payments more closely. No auditor is mentioned, which is typical for a small, exempt company.

Overall, Grantleys Electrical Ltd appears to be a stable, family-run business, but it's important to keep an eye on its increasing debtors and cash reserves. The company's long history and positive customer reviews suggest a strong foundation, but ongoing financial management will be key to its continued success.

Registered in England/Wales under the registration number 05515226, with a registered address at PO6 3TH, England, Portsmouth, Hampshire, 3 Acorn Business Centre, Northarbour Road.

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