M.l. Lake (electrical Services) Limited

Ml Lake Electrical Services Ltd, based on the Isle of Wight, UK, is a well-established small company with an active status, having operated for 52 years. Employing 12 people, the company holds assets valued at £427,507 and boasts a real address at 18 Riverway Industrial Estate, Newport. With four directors and a single owner, it maintains a stellar 5.0 Google rating based on three reviews. The company regularly imports furniture, lighting, and prefabricated buildings, with five months of import activity recorded.

The company operates in both the retail of furniture and lighting, as well as the retail sale of electrical household appliances. Their website highlights a range of electrical services, including domestic and commercial work, electrical installations, and safety inspections. Testimonials from satisfied customers praise their professionalism, efficiency, and courteous service. They appear to be a popular choice for local residents and businesses alike.

Financially, Ml Lake Electrical Services Ltd shows a mixed picture. Cash bank on hand has dramatically increased by 7800%, reaching £52,000, a significant turnaround. However, accrued liabilities have risen by a substantial 260%, reaching £14,000. Bank borrowings have decreased by 64%, down to £38,000, suggesting improved debt management. Creditors have also decreased by 5.4%, to £420,000. Net assets have increased by 22%, reaching £490,000. The company meets the criteria for a small business, with turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely means the accounts are unaudited, relying on director-reported data.

Overall, Ml Lake Electrical Services Ltd seems to be a financially stable and well-regarded local business, though the increase in accrued liabilities warrants a closer look. Their long history and positive customer feedback suggest a solid foundation for continued success.

Registered in England/Wales under the registration number 01085483, with a registered address at PO30 5UX, Isle Of Wight, 18 Riverway Industrial Estate, Newport.

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