Icon Electronics Limited

Icon Electronics Ltd, based in Portsmouth, UK, is a large, active company established fifteen years ago. With seventy-five employees and £4,741,458 in assets, it’s a significant player in the electrical equipment sector. The company, which has four directors and two owners, operates from a real address and regularly imports and exports electrical machinery and equipment – nineteen months of import activity and eighty-one months of export activity recorded.

The company’s website is non-existent, so it’s difficult to determine if they operate an e-commerce site. However, their core business appears to be manufacturing other electrical equipment.

Financially, Icon Electronics Ltd shows some concerning trends. While turnover reached a healthy £11,759,892, net assets decreased by 17% to £2,100,000. Cash reserves also fell by 27% to £230,000. Bank borrowings increased by 8.3% to £72,000, and creditors decreased by 43% to £1,000,000. The company’s staff costs increased by 12% to £2,100,000, and net losses deepened to -£23,000. The decrease in creditors suggests improved debt management, but the drop in cash and increase in borrowings raise questions about the company’s liquidity. The company’s size—meeting two of three criteria for a large company—helps it remain competitive, but the decline in equity warrants closer scrutiny. The financial statements are unaudited, and no auditor is mentioned.

Despite these challenges, Icon Electronics Ltd’s ongoing import and export activity demonstrates continued engagement in the electrical equipment market. The company’s ability to navigate these financial pressures will be key to its long-term success.

Registered in England/Wales under the registration number 07087247, with a registered address at PO6 1UR, United Kingdom, Portsmouth, Hampshire, Units 3-4 Mountbatten Business Park, Jackson Close.

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