Philex Electronic Limited

Philex Electronic Ltd, based in Bedford, UK, is a large holding company with an active status, established 27 years ago. Employing 58 people, the company boasts assets of £11,266,706 and operates from a real address. With four directors and one owner, it maintains a stellar 5.0 Google rating based on 18 reviews. Regularly importing and exporting electrical machinery and equipment (1777 months imported, 459 months exported), Philex Electronic is a significant player in its sector.

The company's website showcases a diverse range of products and services, primarily focused on network switches, cables, power solutions, and aerials. It operates under three brands: Labgear, SLx, and Thor, each catering to different segments of the market. Labgear focuses on professional installers, SLx on DIY enthusiasts, and Thor on premium displays and brackets. Philex also highlights its in-house design innovation, manufacturing knowledge, and rigorous quality control processes, including a SEDEX-approved factory and ISO9001 accreditation. A UK-based customer service team provides expert advice and assistance.

Financially, Philex Electronic Ltd presents a mixed picture. While turnover remained steady, current assets decreased by 39%, dropping to £6.9 million. Bank borrowings were slashed by a massive 62%, falling to £880,000, which could indicate a deliberate effort to reduce debt. However, net assets took a significant hit, plummeting 140% to -£1.8 million, a worrying trend. Creditors also decreased, suggesting better management of short-term liabilities. The company’s size (meeting two of three criteria for a large company) and the lack of an auditor (likely exempt due to its size) mean the figures are unaudited.

Despite the concerning equity drop, Philex Electronic's strong Google rating and established brands suggest a resilient business. The company's focus on innovation and customer service, combined with its reduced debt, could position it for future growth—although the negative equity requires close monitoring.

Registered in England/Wales under the registration number 03391238, with a registered address at MK42 0NX, Bedford, Bedfordshire, Philex House, Kingfisher Wharf London Road.

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