Meteor Electrical Limited

Meteor Electrical Ltd, based in Cookstown, UK, is a small, family-run business with an active trading status. Founded fifteen years ago in 2009, it employs 26 people and holds £3,706,254 in assets. With three directors and two owners, the company operates from a real address and has a long history of importing goods—23 months worth, with the latest in December 2024—though it has only exported goods for a single month back in 2017.

The company’s website, meteor-electrical.com, positions itself as a comprehensive electrical wholesaler supply store. It’s a busy site, showcasing a vast range of products from lighting and sockets to cables and distribution control equipment. The site emphasizes fast delivery and a wide selection, catering to electrical contractors and commercial customers. It even has a section for smart home solutions, indicating an effort to stay current with industry trends. The site’s design is a little dated, but the sheer volume of products on offer is impressive.

Financially, Meteor Electrical Ltd presents a mixed picture. While current assets remain relatively stable at £3.7 million, cash reserves have significantly declined—dropping 85% to just £160,000. Trade debtors have increased substantially by 56%, suggesting potential issues with customer payments or a deliberate expansion of credit terms. Conversely, creditors have decreased slightly, indicating 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) helps keep costs down, but the sharp drop in cash reserves is concerning. No auditor is mentioned, likely due to the company’s exemption as a small entity, meaning the figures are unaudited.

The increase in debtors could be a temporary blip, or it could signal a need to tighten credit policies. The significant decrease in cash, however, warrants closer attention. Despite these financial pressures, Meteor Electrical Ltd’s extensive product range and established presence in the Cookstown area suggest it’s a resilient business—though it will need to address its cash flow situation to ensure long-term sustainability.

Registered in Northern Ireland under the registration number NI073275, with a registered address at BT80 9HU, Cookstown, Co. Tyrone, 7 Corchoney Road.

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