Tristar Electronics Limited

Tristar Electronics Cellular Outlet, based in London, UK, is a small, family-run business with an active status. Founded nineteen years ago in 2005, the company employs just two people and holds £42,072 in assets. It operates from a real address and is overseen by three directors and two owners. The business is a tight-knit operation, with a focus on retail sales via mail order and the internet.

The company’s website, Tristar Electronics Cellular Outlet, suggests a focus on mobile phone accessories and related products. It's a straightforward e-commerce site, offering a range of phone cases, chargers, and other accessories. While the site appears functional, it lacks the sophisticated design and features of larger online retailers.

Financially, Tristar Electronics shows a mixed picture. Current assets decreased by 18% to £42,000, while net assets declined by 24% to £31,000. Cash reserves fell 46% to £11,000, a significant drop. Creditors increased substantially, rising 670% to £2,400 after one year, and 18% within one year. Trade debtors, however, increased by 270% to £150, suggesting a potential shift in payment terms. 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 decline in equity is a concern. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Tristar Electronics appears to be navigating a challenging period. The drop in cash reserves and increase in creditors suggest the company is burning through money faster than it’s bringing it in. The increase in debtors could be a sign of difficulties collecting payments, or it could be a deliberate strategy to boost sales. It's possible that the company is facing increased competition or rising costs, which are impacting its profitability.

Registered in England/Wales under the registration number 05473048, with a registered address at N1 7GU, England, London, 20-22 20-22 Wenlock Road.

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