Prime Electrical Group Limited

Prime Electrical Group Ltd from Cumbernauld, UK, is a small holding company with an active status, having been founded 31 years ago in 1993. The company employs 59 people and holds assets valued at £3,854,919. It has a real registered address, is overseen by seven directors, and is owned by one individual. A Google rating of 4.0 based on six reviews suggests a positive customer perception.

The company operates in the electrical installation and retail sectors, offering services via mail order and internet sales. Recently, Prime Electrical Group has rebranded to reflect its evolved business model, emphasizing a modern, reliable, and professional approach. It boasts a dedicated in-house customer care department and holds accreditations from NICEIC, SELECT, CONSTRUCTIONLINE, CHAS, and SMAS. A key strength lies in the collective 100 years of experience within its management team, particularly in the new build housing market. The company's website highlights its commitment to customer service and quality, with a focus on providing electrical solutions for both residential and commercial projects.

Financially, Prime Electrical Group Ltd shows a mixed picture. While current assets have increased by a significant 210%, reaching £3.9 million, trade debtors have surged by 340% to £3.2 million, indicating potential issues with customer payments. Bank borrowings have also increased considerably, jumping to £83,000. On a more positive note, creditors have decreased by 110%, suggesting improved debt management. The company’s small size—meeting two of three conditions for classification—allows for flexibility, but the substantial increase in debtors warrants close monitoring. The company is exempt from an audit, so the financial information is unaudited. The company's property plant and equipment has decreased by 89%, which is a concern.

Registered in Scotland under the registration number SC147712, with a registered address at G68 0EF, Cumbernauld, Lanarkshire, 49 Napier Road, Wardpark North.

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