N E Electrical Wholesalers Limited

Ne Electrical Wholesalers Ltd from Sheffield, UK, is a small, active company established 24 years ago. With 15 employees and £2,400,055 in assets, it’s a well-established player in the electrical supply sector. The company operates from a virtual address, a bit of a red flag, and is managed by six directors and a single owner. Its Google rating sits at a perfect 5.0 based on 20 reviews, a testament to its customer service. They are an irregular importer, bringing in electrical machinery and equipment roughly once a year, with the last import operation occurring in May 2023.

The company’s core business revolves around the wholesale of electronic and telecommunications equipment and parts. While a dedicated website isn’t available, this suggests a focus on B2B sales and established relationships rather than direct-to-consumer retail. It’s likely they supply electrical contractors, industrial businesses, and other wholesale distributors.

Financially, Ne Electrical Wholesalers Ltd presents a mixed picture. Current assets have decreased by 15%, dropping to £2,400,000, while net assets have also fallen by 7.1%, settling at £1,200,000. Bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves have decreased by 74%, dropping to £6,800. Creditors have also decreased by 71%, suggesting some improvements in debt management. The company meets the criteria to be considered small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned is typical for small, exempt companies.

Despite the declines in cash and assets, the company’s long history and positive Google reviews indicate a resilient business. The increase in bank borrowings could be a sign of investment or working capital needs, but it’s something to watch. The virtual address is a bit concerning, but it doesn’t necessarily indicate anything negative – it could be a cost-saving measure. Overall, Ne Electrical Wholesalers Ltd seems to be navigating a period of change, but its established reputation and customer base should provide a solid foundation for future growth.

Registered in England/Wales under the registration number 04220545, with a registered address at S11 8HA, England, Sheffield, Cedar House, 63 Napier Street.

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