Sellec Limited

Sellec Limited, based in Worksop, UK, is a small, active company founded ten years ago in 2014. With five employees and £711,009 in assets, it operates from a real address and is managed by one director and owner. The company is a regular importer, specializing in electrical machinery and equipment, with nineteen months of import activity recorded, the last in October 2024.

The company’s website is unavailable, making it difficult to ascertain its exact operations beyond the import data. However, company records indicate it operates within the manufacture of other electronic and electric wires and cables industries. This suggests a B2B model, supplying components or finished goods to other manufacturers.

Financially, Sellec Limited’s numbers present a mixed picture. Current assets have decreased by 11%, falling to £710,000, while net assets have also dropped by 5.2%, reaching £420,000. Bank borrowings have seen a significant reduction, decreasing by 71%, which is a positive sign. However, cash reserves have also fallen by 35%, to £8,800. Creditors have decreased by 33%, suggesting improved debt management. 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 remain flexible. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s financial trends suggest it may be facing some pressures, despite its debt management improvements. The decrease in cash reserves could indicate increased operational expenses or investments. Whether these are temporary fluctuations or a longer-term challenge remains to be seen.

Registered in England/Wales under the registration number 09241411, with a registered address at S81 7DW, Worksop, Nottinghamshire, Dukeries Way, Dukeries Industrial Estate.

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