Salt Electrical Limited

Salt Electrical Ltd, based in Craigavon, UK, is a small, active company founded eleven years ago in 2013. Employing nine people and holding assets of £615,047, it’s a solo-founded operation with one director and owner. The company boasts a 1.0 Google rating based on a single review, and operates from a real address with only two other companies registered there. It’s an irregular importer, primarily dealing in optical and medical tools and devices, with its last import operation recorded over a year ago in March 2022.

The company’s website highlights its specialization in electrical installation and ventilation services for various industries. It caters to sectors like agriculture, commercial, horticulture, industrial, and even offers automation and security solutions under the "Salt Tech" trading name. It lists prominent clients such as Moy Park Foods Ltd and Donnelly Horticulture, emphasizing project design, installation, management, and 24/7 backup support. The company uses high-quality materials from reputable suppliers like Multifan and Ridder Drives.

Financially, Salt Electrical Ltd presents a mixed picture. Current assets decreased by 6.4% to £620,000, while net assets fell by 6.9% to £590,000. Cash reserves took a significant hit, dropping 45% to £40,000. Trade debtors remained relatively stable, however, creditors decreased by 11% to £57,000, suggesting improved debt management. The company meets two of three conditions to be considered small, with a turnover under £10.2 million and assets under £5.1 million. With no auditor mentioned, the figures are unaudited.

The decrease in cash reserves and overall net assets, combined with the drop in assets, raises concerns about the company's financial health. While the decrease in creditors is a positive sign, the company needs to address its cash flow situation to ensure long-term sustainability.

Registered in Northern Ireland under the registration number NI619866, with a registered address at BT63 5GD, Northern Ireland, Craigavon, 63 Drumford Meadow, Portadown.

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