Grove Electronics Ltd

Grove Electronics Ltd, based in St Neots, UK, is a small, active company established nineteen years ago. With a single employee and £563,949 in assets, it operates as a solo-founded e-commerce site, importing electrical machinery and equipment irregularly – the last import was recorded in June 2024. The company has one director and owner, and its registered address is a real one, with only one other company registered there.

Grove Sales Ltd, the company’s website, is a comprehensive online retailer specializing in ESD safety workwear, tools, and equipment. It offers a wide range of products, from protective clothing to soldering stations and fume extraction systems, catering to industries like electronics, mechanical engineering, and even dental practices. The site boasts a large selection of brands and offers services like custom embroidery.

Financially, Grove Electronics Ltd shows some concerning trends. While cash reserves increased by 22% to £490,000, net assets decreased by 11% to £540,000. Trade debtors dropped by a significant 52%, suggesting potential issues with customer payments. Creditors decreased by 98%, which is a positive sign, but the substantial drop in net assets could indicate a reliance on borrowing or a decrease in profitability. The company’s small size (meeting two of three conditions for being small) helps it remain nimble, but the decline in equity warrants further attention. The company is exempt from an audit, so the financial statements are unaudited. It's a bit odd that the company's turnover is not mentioned, but it is likely under £10.2 million.

Registered in England/Wales under the registration number 05551615, with a registered address at PE19 8EQ, St Neots, Cambridgeshire, 121 Great North Road, Eaton Socon.

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