Ist Power Limited

Ist Power Limited, based in Leicestershire, UK, is a large holding company with an active status, having operated for 33 years. The company employs 94 people and holds assets worth £10,348,752, generating a yearly revenue of £16,873,466. It’s managed by three directors and has one owner, and boasts a 3.0 Google rating based on a single review. Ist Power is a regular importer and exporter of electrical machinery and equipment, with a long history of international trade.

The company’s website, salesistpower.com, highlights its expertise in transformers, reactors, and power magnetics. It positions itself as a market leader, offering customized and innovative solutions. The site details two locations: Leicester and Manchester, each with contact information and a "what3words" location tag. The website’s design is clean and functional, focusing on product information and customer support. It's clear that the company is focused on B2B sales rather than direct consumer retail.

Financially, Ist Power Limited presents a mixed picture. While turnover increased by 19%, net assets decreased by 11%, and bank borrowings increased by 21%. Creditors also increased by 12%, suggesting a reliance on short-term financing. The company's significant investment in property, plant, and equipment—totaling £12 million—indicates a focus on manufacturing capabilities. However, a decrease in cash reserves by 28% suggests potential liquidity challenges. The company’s large size (meeting two of three criteria for turnover over £36 million, balance sheet total over £18 million, and average number of employees over 250) means it is subject to more stringent reporting requirements. The accounts are audited by Magma Audit LLP, providing a level of assurance to stakeholders.

Despite the mixed financial signals, Ist Power Limited appears to be a well-established player in its niche market. The company’s long history of international trade, coupled with its focus on innovation and customer service, suggests a resilient business model. The increase in bank borrowings may reflect investment in growth or a response to rising costs, but the decrease in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 02614179, with a registered address at LE2 8FN, Leicestershire, 64-66 Percy Road, Leicester.

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