Pl1 Electronics Ltd

Pl1 Electronics Ltd from Wakefield, UK, is a small, family-run business that’s been active for 11 years. Founded in 2013, it employs just two people and holds £45,189 in assets. The company operates from a real address and is led by one director and two owners. It runs an e-commerce site and has a Google rating of 3.0 based on four reviews. It's an irregular importer of electrical machinery and equipment, with just one month of import activity recorded as of February 01, 2023.

The company’s website, pl1electronics.co.uk, specializes in soldering equipment and switches. It offers a range of Iroda gas soldering irons, Pro Iroda kits, and replacement tips, alongside a selection of switches and other electrical components. The site’s layout is simple, with clear product categories and a focus on competitive pricing. It’s a straightforward online store catering to a niche market of electronics enthusiasts and professionals.

Financially, Pl1 Electronics Ltd presents a mixed picture. Current assets have decreased by 8.3% to £45,000, while net assets have fallen significantly by 58% to just £8,100. Cash reserves have also dropped by 58% to £15,000. However, trade debtors have increased by 28%, which could indicate growing sales, but also potential payment delays. Bank borrowings have been reduced by 13%, suggesting better debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the decline in equity is a concern. No auditor is mentioned, likely due to its small size and exemption from an audit.

Overall, Pl1 Electronics Ltd appears to be navigating a challenging period. While its e-commerce site is functional and caters to a specific market, the financial data suggests it's burning through cash. Whether this is a temporary setback or a longer-term trend remains to be seen, but the company will need to focus on improving its profitability to ensure its long-term survival.

Registered in England/Wales under the registration number 08781287, with a registered address at WF3 3QS, England, Wakefield, 10 Primitive Street, Carlton.

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