Save On Electronics Ltd

Save On Electronics Ltd, based in Nottingham, UK, is a small, active holding company established six years ago. With nine employees and £1,370,407 in assets, it operates from a real address and is managed by one director and owner. The company’s core business involves importing machinery, boilers, and mechanical appliances parts irregularly (one month of imports recorded in September 2023) and exporting them regularly (four months of exports, with the last operation in August 2023). It also operates in the retail sale of computers, peripheral units and software in specialised stores.

While the company's website is unavailable, its activities suggest a focus on international trade within the electronics sector. It's likely that Save On Electronics Ltd sources components or finished goods from overseas and distributes them to businesses or consumers within the UK, or exports finished products.

Financially, Save On Electronics Ltd presents a mixed picture. While current assets increased by 14% to £1,400,000, cash bank on hand dramatically decreased by 80% to just £11,000. Creditors also increased significantly, with current creditors up 1.7% to £710,000 and non-financial instruments increasing by 130% to £110,000. However, the company’s equity grew by 15% to £600,000, and debtors increased by 41% to £180,000. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the sharp drop in cash reserves warrants attention. The company’s fixed assets decreased by 30% to £47,000. The accounts are unaudited, and no auditor is mentioned.

The company’s future success will depend on its ability to manage its cash flow and maintain its customer base. It's likely that the company is experiencing some growing pains, but its strong equity position suggests that it has the potential to overcome these challenges.

Registered in England/Wales under the registration number 11465853, with a registered address at NG8 4GY, England, Nottingham, Unit 3, 149 Glaisdale Drive West.

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