Terralec Limited

Terralec Ltd, based in Rochford, UK, is a small, active company established 31 years ago in 1993. With three employees and £332,700 in assets, it’s a long-standing player in the electrical equipment sector. The company operates a real address and is led by three directors and a single owner, Lord Richard Ian, who also serves as a director. Terralec boasts a stellar 5.0 Google rating from 92 reviews and runs an e-commerce site. It’s a regular importer of electrical machinery and equipment, with 78 months of import activity recorded.

The company's website, terralec.com, showcases a wide range of audio and lighting equipment, catering to the entertainment industry. From amplifiers and mixers to stage lighting and trussing systems, the site serves professionals and enthusiasts alike. It’s clear that Terralec isn’s just an importer; it’s a supplier of stage and entertainment equipment, offering installation services and even manufacturing some of its own products. The website also features a blog with helpful guides on topics like radio microphones and lighting control software, demonstrating a commitment to customer support.

Financially, Terralec Ltd presents a mixed picture. Current assets have decreased by 11%, dropping to £330,000, while net assets have fallen significantly by 51%, landing at £36,000. Bank borrowings have increased by 12%, reaching £57,000, and cash reserves have declined by 110%, falling to £31,000. Creditors have also decreased slightly, suggesting better management of short-term debts. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the drop in equity is concerning. No auditor is mentioned, which is typical for small companies.

Overall, Terralec Ltd appears to be navigating a challenging financial climate. While its e-commerce site and reputation for quality service are strengths, the declining equity and increased borrowings suggest a need for careful management. It's a company with a long history and a strong online presence, but its future depends on its ability to adapt to changing market conditions.

Registered in England/Wales under the registration number 02847690, with a registered address at SS4 1LD, Rochford, Essex, Osprey House Featherby Way, Purdeys Industrial Estate.

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