Prime Electro Limited

Prime Electro Ltd from Halifax UK: small company, active status, founded 4 years ago, accounts overdue 10 months, real address, 4 directors, 1 owner, e-commerce site, google rating 5.0 based on 1 reviews. It’s a small, active company based in Halifax, UK, established four years ago. The business, which has a real registered address and a perfect 5.0 Google rating from a single review, operates an e-commerce site and employs four directors and one owner. Accounts are currently overdue by 10 months, which is a concern.

The company specializes in retail sales via mail order and internet, offering a wide range of electronics accessories, including night vision equipment, radar detectors, and thermal imaging devices. Its website showcases a diverse catalog, catering to fieldsports enthusiasts, airgun owners, and tech-savvy consumers alike. The site even has a section for eBooks and disposable face masks, demonstrating a willingness to adapt to changing market trends. It’s a busy site, with lots of categories and products, and it’s clear they’re trying to offer a comprehensive selection.

Financially, Prime Electro Ltd presents a mixed picture. Current assets have fallen by 24%, while cash reserves have plummeted 1700% to just £21,000. Loans from directors have increased dramatically, reaching £46,000, and creditors have ballooned by 4100% to £120,000. This suggests the company is burning through cash and relying heavily on director loans to stay afloat. Equity has also taken a hit, dropping 5900% to -£97,000. The lack of employees (zero reported) indicates a lean operation, but the significant increase in debt raises questions about its long-term viability. With no auditor mentioned, the accounts are unaudited, relying on director-reported data.

The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to be agile, but the substantial debt increase and negative equity are worrying signs. The owner, Zaffar Nabeel, changed the list of owners seventeen days ago, which could be a good sign for potential investors, but the overdue accounts and financial strain need to be addressed.

Registered in England/Wales under the registration number 12810158, with a registered address at HX3 0AH, England, Halifax, 137 Huddersfield Road.

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