Onboards Electric Limited

Onboards Electric Limited, based in London, UK, is a small, active company founded five years ago. Despite confirmation being overdue by 14 days, the business employs just two people and holds £2,129 in assets. It's managed by one director and has two owners, and boasts a respectable Google rating of 4.0 based on 356 reviews. The company regularly imports vehicles, parts, and accessories (excluding trains and trams), with its last import operation dating back six months.

The company’s website, Onboard Electrical Pty Ltd, reveals a different focus: marine electrical services. Operating out of Queensland, Australia, the business specializes in servicing, sales, installations, and custom designs for boats. It’s located at The Boat Works, offering showroom visits and a dedicated marine electrician job vacancy. The website emphasizes stress-free boating and boasts a strong presence in the Coomera marine precinct.

Financially, Onboards Electric Limited presents a concerning picture. Current assets have plummeted by a staggering 97%, dropping to just £210, while net assets have also taken a severe hit, decreasing by 220% to -£73,000. Cash bank on hand has shrunk by 86%, leaving just £1,400. Trade debtors have also fallen significantly, by 93%. While creditors within one year have risen by 19%, this increase, coupled with the dramatic decline in assets, suggests the company is burning through cash. The company’s small size (meeting two of three conditions for a small company) helps it remain agile, but the sharp decline in equity and cash reserves is a significant cause for concern. The accounts are unaudited, and no auditor is mentioned, which is typical for a small company.

Registered in England/Wales under the registration number 12593958, with a registered address at SE17 3FR, United Kingdom, London, Greater London, Arch 4, Manor Place Depot, Angle Lane, Walworth Arch 4, Manor Place Depot, Angel Ln, Walworth.

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