Nu-tec Electronics Ltd

Nu-Tec Electronics Ltd, based in Wigston, UK, is a small, active family business established 21 years ago. With three employees and £2,092,005 in assets, it operates from a real address and is managed by three directors and two owners. The company is a regular exporter of machinery, boilers, and mechanical appliances, parts, with 173 months of export activity recorded, the latest in February 2025. It’s also an irregular importer, with its last import operation made in December 2024. The company operates in the repair of electronic and optical equipment industries.

While the company’s website is not available, its operations seem focused on providing repair services and potentially supplying parts. It’s a small operation, meeting two of three criteria for being considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Nu-Tec Electronics Ltd shows a generally healthy picture. Cash bank on hand increased by a significant 24%, reaching £1.8 million, while current assets grew by 17% to £2.1 million. Equity also increased by 20%, reaching £1.8 million. However, trade debtors increased by 15%, suggesting a possible need to manage customer payments more effectively. Creditors also increased by 3.5%, but other creditors decreased by 19%, which could be a positive sign. The company’s net assets liabilities increased by 20%, which is a good sign.

The company’s financial statements are unaudited, and no auditor is mentioned, which is typical for small companies. The increase in cash and equity suggests the company is financially stable, although the increase in debtors warrants monitoring. Overall, Nu-Tec Electronics Ltd appears to be a well-managed, family-run business with a solid foundation.

Registered in England/Wales under the registration number 04858920, with a registered address at LE18 2HE, England, Wigston, Leicestershire, 1 Cross Street.

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