Powerpoint Electrics Limited

Powerpoint Electrics Ltd from Sutton UK: a small, active company founded 25 years ago, employs nine people, and holds £638,258 in assets. Operating from a virtual address, it’s managed by two directors and two owners, and runs an e-commerce site with a solid 4.0 Google rating from nine reviews. The company is an irregular importer of electrical machinery and equipment, with recent activity recorded two months ago.

The business is a wholesale electrical supplier, offering a vast range of products from wiring accessories and switches to lamps, consumer units, and cable accessories. Its website showcases a comprehensive catalog, catering to both trade and public customers. The company also provides local delivery and collection services, and operates a trade counter in Cheam, Sutton. The website even has a section for EV chargers and accessories, reflecting the growing demand for electric vehicle infrastructure.

Financially, Powerpoint Electrics Ltd presents a mixed picture. Cash bank on hand increased significantly by 84%, reaching £110,000, which is good news. However, creditors have increased, with those due within a year up 13% to £570,000. Trade debtors also rose by 18% to £290,000. Equity, however, saw a substantial boost, increasing 74% to £53,000. Despite a decrease in net current assets, the company’s assets are generally healthy. As a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it benefits from agility, but the increase in creditors should be monitored. The accounts are unaudited, and no auditor is mentioned, which is typical for companies of this size.

Registered in England/Wales under the registration number 03915932, with a registered address at SM3 9AG, Sutton, Surrey, 591 London Road, Cheam.

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