Lovato Electric Limited

Lovato Electric Ltd, based in Stourbridge, UK, is a small holding company with an active status, celebrating 33 years since its founding in 1991. Employing twelve people, the company holds assets worth £3,291,664 and operates from a real address. With four directors and one owner, Lovato Electric is a regular importer and exporter of electrical machinery and equipment, having imported for 432 months and exported for 50 months.

The company’s website showcases a global operation, specializing in motor protection, control, isolation, automation, and energy management solutions. Lovato Electric doesn't appear to be an e-commerce business, but rather a supplier of industrial components and systems. They offer a wide range of products, from circuit breakers and contactors to PLCs and energy meters, catering to diverse industries like EMobility, power factor correction, and lifting systems. The site also highlights a commitment to innovation, with a dedicated "Lovato Lab" for research and development, and a "Lovato Academy" for technical training.

Financially, Lovato Electric shows some concerning trends. While cash reserves increased by a respectable 54% to £800,000, current assets dipped by 31% to £3,300,000. Creditors have risen significantly by 62% to £1,400,000, and net losses deepened. Bank borrowings have also increased, suggesting the company is relying more on debt financing. Trade debtors, however, have decreased slightly, indicating better management of customer payments. The company’s small size (meeting two of three criteria for being a small company) helps it remain agile, but the rise in creditors and the decrease in net assets are worth noting. Ormerod Rutter Limited conducted the audit, and the accounts are unaudited. It seems the company is facing some financial pressures, but the continued import and export activity suggests ongoing business operations.

Registered in England/Wales under the registration number 02616851, with a registered address at DY9 8HQ, Stourbridge, West Midlands, Lovato House Units 3&4 Providence Industrial Estate, Providence Drive.

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