Leisure Electronics Limited

Leisure Electronics Ltd from Hull UK: a small company, holding company, active status, founded 24 years ago, with 37 employees and £1,403,757 in assets, operates from a real address, and is overseen by six directors and one owner. The company regularly imports electrical machinery and equipment, with 8 months of import activity recorded.

The company’s core business revolves around providing bespoke digital gaming solutions, particularly for bingo and betting operators. Wexel Gaming, as showcased on its website, specializes in low-cost, digital solutions that don't break the bank. They offer a range of products, including Gtab, Gpod, Roulette, and BingoPlus, alongside membership, loyalty systems, and digital signage. The website highlights their ability to develop bar-top gaming solutions, extend bingo playing hours profitably, and deliver high-quality, live bingo experiences within limited spaces. Wexel Gaming recently announced a partnership with Goldrush Casinos for BingoPlus, and had a successful showing at the ACOS Coin Op Show, where their Roulette wheel stole the spotlight.

Financially, Leisure Electronics Ltd appears to be in a positive trend. Current assets increased by 28% to £1,400,000, while net assets also increased by 45% to £2,600,000. Bank borrowings decreased by 37% to £17,000, and cash reserves increased by 77% to £1,100,000. Creditors decreased by 23%, suggesting improved debt management. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility. The company’s average number of employees increased by 8.1% to 40. However, other creditors increased significantly by 300%, reaching £35,000, which could be a cause for concern. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Leisure Electronics Ltd seems to be financially healthy, benefiting from its focus on niche gaming solutions and a growing partnership network. The company’s ability to adapt to market demands and provide cost-effective solutions appears to be driving its success, though the increase in other creditors warrants further investigation.

Registered in England/Wales under the registration number 04029865, with a registered address at HU7 0AP, United Kingdom, Hull, East Riding, Leisure Electronics Unit 3 Leisure Way, Malmo Road.

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