Srm Electrical Limited

SRM Electrical Ltd, based in Warwick, UK, is a small, active company founded 26 years ago. With 37 employees and £2,436,098 in assets, it’s a well-established player in the electrical wholesale sector. The company is run by four directors, including the solo founder, Richard Bridgefoot, and operates from a real address shared with only one other business. It regularly imports furniture, lighting, and prefabricated buildings—a consistent pattern over the last 85 months, with the most recent import occurring in February 2025.

The company’s website highlights its role as an independent, family-owned electrical wholesaler and distributor with three branches covering the Midlands and Leicestershire. It’s part of a large purchasing consortium, granting access to thousands of products from over 100 suppliers. SRM Electrical caters to commercial, industrial, and domestic sectors, offering a wide range of products from cabling to EV charging solutions. Customer testimonials praise the team’s expertise and helpful service.

Financially, SRM Electrical’s recent performance shows some concerning trends. While turnover remains undisclosed, net assets have decreased by 16%, dropping to £1 million. Cash reserves have also fallen significantly, declining 87% to just £11,000. Bank borrowings, however, have increased by 43%, reaching £13,000. Creditors have decreased by 33%, which could indicate improved debt management. The company’s size—meeting two of three conditions for being considered small—allows for agility, but the drop in equity is a point of concern. Depreciation for computer equipment has increased slightly, while furniture fittings have decreased. The company’s financial statements were audited by TC Group.

Overall, SRM Electrical Ltd seems to be navigating a period of financial pressure, despite its strong reputation for customer service and wide product range. The company’s long history and established presence suggest it has the potential to weather the storm, but close monitoring of its financial health will be crucial.

Registered in England/Wales under the registration number 03688886, with a registered address at CV34 5WP, United Kingdom, Warwick, Warwickshire, 7 Hiron Way, Warwick.

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