Salisbury Electricals Limited

Salisbury Electricals Ltd from Poole UK is a small, active company founded 17 years ago. With 11 employees and £973,185 in assets, it operates from a virtual address, a fact highlighted by the presence of 24 companies registered at the same location. The business is led by two directors and a single owner, who also serves as the solo founder. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent activity recorded just one month ago.

The company’s website showcases electrical design and installation services, featuring a gallery of project images – fireplaces, restaurant interiors, and jacuzzi setups – suggesting a focus on high-end residential and commercial projects. It’s not clear if the website is used for e-commerce, but the emphasis is on showcasing expertise and quality workmanship.

Financially, Salisbury Electricals Ltd shows a mixed picture. Current assets increased by 42% to £970,000, while net assets rose by 7.3% to £570,000. Bank borrowings increased by 39% to £670,000, and cash reserves grew by 42% to £730,000. Trade debtors increased by 40% to £240,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors suggests a reliance on credit. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s financial data also reveals some interesting trends. Goodwill, an intangible asset, has decreased by 14%, while the cost of computer equipment has increased. The company's future minimum lease payments have risen significantly, by 260%. It’s possible these changes reflect investments in new technology or expansion of the business, but more information would be needed to confirm this.

Registered in England/Wales under the registration number 06376414, with a registered address at BH14 0HU, Poole, Dorset, 37 Commercial Road.

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