Lustre Electrical Ltd

Lustre Electrical Ltd is a small, holding company based in Birmingham, UK, with an active status. Founded three years ago in 2022, it employs just one person and holds £151,888 in assets. The company operates from a virtual address – twelve other companies registered at the same location – and is managed by one director and owner. It's a regular importer of electrical machinery and equipment, with three months of import activity recorded.

The company's website paints a picture of a wholesale supplier specializing in electrical accessories. It offers a wide range of products, from steel conduit fittings to PVC pipes and adaptable boxes, catering to commercial and industrial customers. It boasts 50 years of industry experience, with manufacturing facilities in India and the UAE, and emphasizes quality, timely delivery, and competitive pricing. The website also highlights a commitment to innovation, collaboration, sustainability, integrity, and excellence. It’s a trade-only company, selling exclusively through agents and stockists across the UK.

Financially, Lustre Electrical Ltd presents a mixed picture. While cash reserves increased by a significant 260% to £25,000, creditors rose by 34% to £250,000, and raw materials decreased by 12% to £120,000. Equity, however, took a hit, dropping 140% to -£100,000. The company meets the criteria for a small business – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – and is exempt from an audit, relying on unaudited statements. The sharp decline in equity, despite increased cash, suggests potential financial strain, although it’s difficult to determine the precise cause without further details. The company’s creditors also increased significantly, which may indicate an increased reliance on short-term financing.

Registered in England/Wales under the registration number 14063637, with a registered address at B15 1TR, England, Birmingham, Apex House Calthorpe Road, Edgbaston.

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