Mdl Electrical Solutions Ltd

Mdl Electrical Solutions Ltd is a small, active holding company based in Craigavon, Northern Ireland, founded five years ago in September 2019. The company holds £567 in assets and operates from a real address at 15 The Grange, Lurgan, shared by five other businesses. With one director and one owner reported, it’s a compact operation. The company is a regular importer, focusing on furniture, lighting, and prefabricated buildings, with three months of import activity recorded as of April 2022.

The company's website paints a picture of a local electrical services provider based in Leicester, England. MDL Electrical offers a wide range of electrical work, from planning to completion, emphasizing professionalism, reliability, and accreditation. The site highlights years of trade experience, a commitment to customer satisfaction, and a reputation built on honesty and quality workmanship. It even includes a gallery showcasing recently completed projects, and a contact form for quote requests. It seems like they’re really focused on building a strong local presence.

Financially, MDL Electrical Solutions Ltd presents a mixed picture. Current assets have significantly decreased by 79%, dropping to just £570, while net assets have also declined by 17%, settling at -£10,000. Bank cash has plummeted 67%, and trade debtors are completely gone. However, creditors have also decreased by 26%, suggesting improved debt management. The company meets the criteria for a small company—turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—which allows it to avoid a full audit. The accounts are unaudited and prepared using Financial Reporting Standard 102.

The sharp decline in assets and cash reserves, alongside the losses, suggests the company may be burning through money. It’s possible this is a consequence of recent investments or increased operating expenses, or perhaps a slowdown in sales. The fact that creditors have decreased, however, indicates some level of financial discipline. With no auditor mentioned, the figures rely on director-reported data.

Registered in Northern Ireland under the registration number NI664451, with a registered address at BT67 9BU, Northern Ireland, Craigavon, 15 The Grange, Lurgan.

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