Psi Electronics Ltd

Psi Electronics Ltd is a small, active company based in Selby, UK, founded four years ago in 2020. With £142,227 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Quan Ming. The company boasts a 4.0 Google rating from one review. It’s a regular importer of electrical machinery and equipment, with import activity spanning four months, the last in November 2022.

The company’s website, psi-electronics.co.uk, positions itself as a supplier of electronic components, emphasizing experience and fast service. It caters to various industries, offering a wide range of passive and active components. The site highlights services like excess inventory management, day-to-day support, and dedicated account managers. It also advertises a guarantee of original, new components and fast delivery, often holding stock of popular components from manufacturers like Altera, Broadcom, and Xilinx. The website also features a section dedicated to Sunny Quan, the Managing Director, who has over 15 years of experience in the industry.

Financially, Psi Electronics Ltd shows a mixed picture. Cash bank on hand increased dramatically by 570% to £110,000, a positive sign of improved liquidity. However, trade debtors increased by 58%, suggesting potential issues with customer payments. Creditors decreased by 54%, which could indicate better debt management. Equity has seen a massive jump, increasing by 1400% to £110,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increased debtors could be a cause for concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Psi Electronics Ltd seems to be growing, with a strong cash position and improved equity. However, the increase in debtors warrants monitoring. The company’s focus on fast service and a wide range of components, combined with the experience of its Managing Director, positions it well in the competitive electronics market—but managing cash flow will be key to its continued success.

Registered in England/Wales under the registration number 12933766, with a registered address at YO8 3GE, England, Selby, 121 Coupland Road.

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