Hispec Electrical Products Ltd

Hispec Electrical Products Ltd, based in Chorley, UK, is a medium-sized holding company with an active status. Founded 22 years ago in 2002, the company employs 21 people and boasts assets of £12,800,109, generating a yearly revenue of £11,883,681. It’s managed by three directors and owned by one individual, with a solid 4.0 Google rating based on five reviews. The company regularly imports, with a history of 162 months of import activity, though the last import was back in December 2020.

As a medium company (meeting two of three conditions: turnover under £36 million, assets under £18 million, and fewer than 250 employees), Hispec operates within the wholesale of electronic and telecommunications equipment and parts industries. Its website showcases a wide range of products, from air quality monitors to emergency lighting and site lighting, catering to both commercial and residential needs. The site functions primarily as an e-commerce platform, with detailed product listings and a focus on technical specifications. There's no obvious indication of a physical retail presence, although the company does offer a “Find a Stockist” feature.

Financially, Hispec’s recent performance presents a mixed picture. While turnover remained relatively stable, a significant drop in retained earnings—down 64%—suggests reduced profitability. Bank borrowings increased substantially, reaching £72,000, while cash reserves plummeted 92% to just £230,000. Creditors, however, decreased by 19%, which could indicate improved debt management. The company’s average number of employees increased by 20%, which is a positive sign, though it also means higher staff costs. The company's accounts are unaudited, and the auditor is not mentioned.

Despite the challenges, Hispec’s focus on specialized lighting and safety equipment, coupled with its online presence, positions it well within its niche market. The company’s commitment to quality, as evidenced by its accreditations and focus on technical support, could help it weather the current financial pressures.

Registered in England/Wales under the registration number 04619331, with a registered address at PR6 7BX, England, Chorley, Lancashire, 21 Drumhead Road Chorley North Business Park.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.