Panesar Electrical Co Limited

Panesar Electrical Co Ltd from London UK is a small, active company founded five years ago in 2020. It employs fourteen people and holds £1,613,360 in assets, operating from a virtual address—a point to note. With five directors and four owners, it's a family business running an e-commerce site and maintaining a Google rating of 5.0 based on sixty-seven reviews. The company regularly imports electrical machinery and equipment, with the last import operation recorded four months ago in December 2023.

The company's website showcases a vast range of electrical supplies, from lighting and cables to fire security and heating ventilation. It's a one-stop shop for electrical wholesalers and suppliers, offering a wide selection of brands and products. The site's extensive catalog, coupled with detailed product descriptions and helpful resources, suggests a commitment to serving both trade professionals and DIY enthusiasts. The website has a blog and a forum, indicating a desire to engage with customers and establish itself as a knowledgeable resource.

Financially, Panesar Electrical Co Ltd shows a mixed picture. Cash bank on hand increased significantly by 76%, reaching £740,000, which is a positive sign. However, creditors rose sharply by 77%, reaching £1.1 million, and net assets decreased by 8.5%, settling at £500,000. Trade debtors also increased by 5.4%, suggesting potential delays in customer payments. Despite these challenges, the company's small size—meeting two of three criteria for being a small company—allows for flexibility. The company’s equity has decreased, which could be a cause for concern. As a small company, it is likely exempt from an audit, so the figures are unaudited.

Overall, Panesar Electrical Co Ltd appears to be a resilient family business navigating the complexities of the electrical supply market. Its strong online presence and wide product range position it well for continued success, although careful management of its growing debts will be essential.

Registered in England/Wales under the registration number 12479196, with a registered address at WC1H 9BQ, United Kingdom, London, Lynton House, 7-12 Tavistock Square.

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