Oak Electrical Limited

Oak Electrical Ltd, based in Castleford, UK, is a small, active company established 29 years ago. With 31 employees and £6,880,129 in assets, it's a well-established player in the electrical installation industry. The company has five directors and two owners, operating from a real address shared by only two other businesses. It regularly imports furniture, lighting, and prefabricated buildings – most recently in November 2024 – and occasionally exports electrical machinery and equipment, with the last export recorded way back in June 2016.

The company’s website, though basic, highlights its focus on electrical services, including installations, repairs, and maintenance. While not an e-commerce platform, it showcases the company’s professionalism and commitment to quality workmanship. It's clear that Oak Electrical Ltd is a traditional, service-oriented business rather than a tech-driven startup.

Financially, Oak Electrical Ltd presents a mixed picture. While cash reserves have increased by a respectable 33% to £4.4 million, trade debtors have surged by an impressive 85%, reaching £2.4 million. This suggests a potential issue with customer payments, or perhaps a deliberate strategy to offer extended credit terms. Creditors have also increased significantly, by 89%, to £3.5 million, which could be linked to the increased trade debtors. However, the company’s net assets have grown by 24%, reaching £3.8 million, and retained earnings have also increased, indicating overall growth. Bank borrowings have also increased by 210%, to £66,000. 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 it remain flexible. The unaudited financial statements, prepared by IRIS Accounts Production, don't mention an auditor.

Overall, Oak Electrical Ltd appears to be a stable, growing business, though the increase in trade debtors and creditors warrants close monitoring. The company’s long-standing presence in the market and its focus on quality service suggest a resilient business model, despite the financial pressures.

Registered in England/Wales under the registration number 03125754, with a registered address at WF10 4TN, Castleford, West Yorkshire, Werner Court, Blue Ridge Park Glasshoughton.

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