H & S Electrical Wholesalers Ltd

H & S Electrical Wholesalers Ltd, based in Manchester, UK, is a small, active company founded 20 years ago. With 26 employees and £5,059,096 in assets, it’s a well-established player in the electrical supply sector. The company, run by two directors and a single owner, maintains a perfect 5.0 Google rating based on 13 reviews, showcasing its commitment to customer satisfaction. It’s a regular importer of furniture, lighting, and prefabricated buildings, with five months of import activity recorded, the last in January 2024.

The company’s website highlights its focus on providing “complete electrical energy solutions,” serving customers across the UK with a wide range of products, from cable accessories to workwear. It operates five branches in Winsford, Stockport, Trafford Park, Dudley, and Sidcup, and emphasizes its dedication to exceptional service and expert advice. The website also features a separate division focused on solar batteries and panels, catering to both home and business customers.

Financially, H & S Electrical Wholesalers Ltd presents a mixed picture. Net assets increased by 19%, reaching £2.2 million, while cash reserves rose by 12%, hitting £540,000. However, bank borrowings remained steady at £27,000, and trade debtors increased by 14%, reaching £3.4 million. Creditors also rose by 19%, reaching £2.7 million. The company’s average number of employees increased by 35%, rising to 35. It’s worth noting that the company’s net losses deepened to -£23,000, while cash reserves plummeted 71% to just £4,100. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. The company’s accounting standards applied are Small Entities, and the accounts status is Audit Exempt with Accountants Report.

Registered in England/Wales under the registration number 05179489, with a registered address at M17 1BG, England, Manchester, Sixth Street, Trafford Park.

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