Grove Electrical Limited

Grove Electrical Limited, based in Isleworth, Middx, UK, is a small, active company founded 41 years ago in 1983. With two employees and £90,408 in assets, it’s a family-run operation with three directors and one owner, Griffin Kieron, who also serves as a director. The company operates in the wholesale of radio, television goods & electrical household appliances, and is an irregular importer of electrical machinery and equipment, with the last import activity recorded one month ago in October 2024. Its registered address is real, with only one other company registered at the same location.

The company’s website, while not fully developed, suggests a focus on electrical components and services, though it lacks a fully functional e-commerce platform. It appears to be primarily a B2B operation, catering to electrical contractors and wholesalers rather than direct consumers.

Financially, Grove Electrical Limited presents a mixed picture. Current assets have decreased by 36% to £90,000, and net assets have fallen by 18% to -£72,000. Bank borrowings have increased significantly by 270%, reaching £30,000. Trade debtors have also decreased by 36%, and creditors have fallen by 29%. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the decline in equity is concerning. The lack of an auditor (likely exempt as a small company) means these are unaudited figures.

The increase in bank borrowings and decrease in cash reserves suggest the company may be burning through money, though it’s difficult to say for sure without more detailed information. The decrease in debtors could indicate improved collection practices, or perhaps a slowdown in sales. It’s possible the company is investing in new equipment or expanding its operations, which could explain the increased borrowing. The company’s long history and established presence in the market are positive signs, but the financial challenges need to be addressed to ensure its long-term sustainability.

Registered in England/Wales under the registration number 01743610, with a registered address at TW7 4JD, Middx, 89 The Grove, Isleworth.

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