Joint Electrical Services Limited

Joint Electrical Services Ltd, based in Loughborough, UK, is a small holding company with an active status, established seventeen years ago. Employing five individuals, the company holds £340,601 in assets and operates from a virtual address shared by forty-one other companies. Two directors and one owner oversee operations, maintaining a respectable Google rating of 4.0 based on nine reviews. The company regularly imports and exports electrical machinery and equipment, with nineteen months of import activity and five months of export activity recorded.

The company specializes in appliance repair and installation, catering to high-end cooking appliances like Viking, BORA, and Godin. Its website highlights expertise in indoor and outdoor cooking solutions, offering services ranging from support and servicing to commissioning and installation. It seems to be a specialist repair service rather than an e-commerce platform, focusing on providing a trustworthy and reliable service across the UK.

Financially, Joint Electrical Services Ltd shows some interesting trends. Net assets increased by a significant 91%, reaching £190,000, while cash reserves surged 360%, hitting £72,000. However, bank borrowings remained stable at £10,000. Trade debtors increased by 9%, suggesting a possible expansion in credit terms. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible. Despite the positive trends in assets and cash, the increase in trade debtors could indicate challenges in collecting payments. With no auditor mentioned (likely exempt as a small company), the financial data is unaudited.

The company’s reliance on a virtual address, while common, does raise questions about its physical presence. The significant increase in net assets and cash reserves, however, suggests a period of growth and stability. Overall, Joint Electrical Services Ltd appears to be a well-regarded specialist in its field, navigating the challenges of a small business with a focus on quality service.

Registered in England/Wales under the registration number 06574600, with a registered address at LE12 7TZ, Loughborough, Leicestershire, C/O Charnwood Accountants The Point, Granite Way, Mountsorrel.

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