Mt Power Electronics Limited

Mt Power Electronics Limited, based in London, UK, is a small, active company founded 18 years ago. With three employees and £863,463 in assets, it operates from a virtual address – a detail worth noting as 474 other companies are registered at the same location. The company is led by two directors and a solo founder, Salakhov Ekhram, who also owns the business. It functions as a regular exporter of electrical machinery and equipment, with nine months of export activity recorded, the last in March 2024, but is an irregular importer, with just two months of import activity as of March 2023.

The company’s website showcases a wide range of electronic components and gadgets, from memory modules to high-performance laptops and audio-video gear. It positions itself as a provider of innovative tech solutions, emphasizing quality inspection and secure supply chains. It even has operations in Canada, with a dedicated address and phone number listed. The site’s blog features articles on safety and technology, reinforcing its expertise in the electronics market.

Financially, Mt Power Electronics Limited shows some interesting trends. Cash reserves have increased significantly, jumping 82% to £270,000, which is good news. However, net losses have grown substantially, increasing 570% to £120,000. Creditors have skyrocketed by 1,600%, reaching £380,000, while trade debtors have also increased, rising 140% to £590,000. It’s a bit concerning that the company’s liabilities have grown so much faster than its assets. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp increase in debt raises questions about its financial health. The company's accountants, Kreston Reeves LLP, prepared the financial statements, but they are unaudited, which is common for small companies. Overall, Mt Power Electronics Limited seems to be growing, but it’s important to keep an eye on its debt levels.

Registered in England/Wales under the registration number 06217995, with a registered address at E1 6RA, United Kingdom, London, 2nd Floor 168 Shoreditch High Street.

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