Industrial Electronic Repairs Ltd

Industrial Electronic Repairs Ltd, based in Letchworth, UK, is a small, active family business established 21 years ago. Employing 19 people, the company holds £898,453 in assets and operates from a real address. With two directors and two owners, it's a tightly-knit operation. The firm regularly exports electrical machinery and equipment, with eight months of export activity recorded, the latest in July 2024. It also imports electrical machinery and equipment, though less frequently, with just two months of import activity.

The company’s website highlights its core service: electronic repair, calibration, and PCB design and development. It positions itself as a trusted partner for testing and electronic control equipment, working with leading manufacturers like ABB, Siemens, and Schneider. A key differentiator is its exclusive UK distribution agreement for repairs of EFKA industrial sewing machines. The website also features a section dedicated to test equipment sales and calibration services, alongside testimonials from satisfied customers—including one praising a free fuse replacement on a multifunction tester.

Financially, Industrial Electronic Repairs Ltd shows a mixed picture. While current assets increased by 20% to £900,000, net assets jumped 33% to £720,000, and retained earnings grew significantly, bank borrowings increased by 150% to £34,000. Cash reserves fell 22% to £73,000. Trade debtors also increased substantially, by 28%, suggesting potentially delayed customer payments. 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 maintain agility. The increase in average employees reported during the period, from 19 to 23, may indicate a period of growth and expansion. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Industrial Electronic Repairs Ltd seems to be navigating a period of change. The increase in assets and retained earnings suggests a healthy core business, but the rise in debt and trade debtors warrants close monitoring. The company’s focus on specialized repair services and its exclusive distribution agreement provide a strong foundation for future growth.

Registered in England/Wales under the registration number 04816306, with a registered address at SG6 2HB, Letchworth, Hertfordshire, Unit 11 Business Centre West, Avenue One.

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