Om Electrical Services Ltd

Om Electrical Services Ltd, based in Stevenage, UK, is a small, active company founded nine years ago in December 2015. With four employees and £720,744 in assets, it operates from a real address and is managed by two directors and owners. The company’s core business involves electrical installation, but it also engages in irregular imports of furniture, lighting, and prefabricated buildings (just one month of imports recorded) and regular exports of electrical machinery and equipment (fifteen months of exports).

The company’s website highlights its services as a commercial, industrial, and residential electrical contractor. It emphasizes experience, quality, and customer satisfaction, offering electrical installations, maintenance, upgrades, and retrofits. The site also features a section dedicated to building lasting commercial relationships with contractors across the UK. It’s clear they’re aiming to be a reliable partner for other businesses.

Financially, Om Electrical Services Ltd presents a mixed picture. Cash bank on hand has increased significantly by 130% to £200,000, which is a positive sign. However, accrued liabilities deferred income has jumped a massive 22,000% to £160,000 – a potentially concerning trend. Bank borrowings have also fluctuated, with a decrease in the longer-term borrowings but a rise in short-term ones. Net assets have increased by 230% to £340,000, and total assets less current liabilities have increased by 150% to £410,000. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt as a small company, and the accounts are unaudited.

Overall, Om Electrical Services Ltd appears to be growing, with increased cash reserves and net assets. However, the sharp increase in accrued liabilities and deferred income warrants closer monitoring. The company’s ability to maintain its growth trajectory will depend on its management of these liabilities and its continued success in the competitive electrical contracting market. It’s a good sign that they’re focused on building commercial relationships, as this could provide a stable base for future growth.

Registered in England/Wales under the registration number 09911141, with a registered address at SG1 4QG, England, Stevenage, Unit 19 Parsons Green Estate, Boulton Road.

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