S K Electronics Limited

SK Electronics Ltd, based in Oldham, Lancashire, is a small, active company founded 24 years ago. With 19 employees and £1,044,093 in assets, it’s a well-established player in the electronics sector. The company boasts a Google rating of 4.0 from five reviews and has four directors and two owners. It’s a regular importer of electrical machinery and equipment, with nine months of import activity recorded, the latest in June 2024.

The company’s website reveals a focus on PCB assembly, inspections, and full turnkey solutions. SK Electronics Ltd has been manufacturing PCB assemblies for over 40 years, offering services from board layout to panel wiring and procurement. It also provides repair and refurbishment services for legacy products. The website highlights ISO 9001 2015 certification and experience serving industries like industrial control, transport, and site security. It’s clear that SK Electronics Ltd is a specialist in its field, offering a range of services to meet the needs of its customers.

Financially, SK Electronics Ltd shows some concerning trends. Accumulated depreciation increased by 3.8% to £460,000, and bank borrowings rose significantly by 25% to £360,000. Creditors also increased by 3.2% to £740,000. However, cash bank on hand improved by 54% to £26,000, and average number of employees increased by 16% to 22. The company’s equity, however, saw a significant boost, increasing by 130% to £380,000. The company meets two of three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no auditor mentioned, which is likely due to its status as a small company.

Overall, SK Electronics Ltd appears to be navigating a period of change. While the increase in borrowing and creditors suggests some financial pressure, the rise in equity and cash reserves offer a glimmer of hope. It's likely that the company is investing in its business to meet growing demand, but careful management will be crucial to ensure long-term success.

Registered in England/Wales under the registration number 04153109, with a registered address at OL1 3TZ, Lancashire, Regent Street, Oldham.

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