Ultimo Electronics Limited

Ultimo Electronics Ltd, based in Norwich, UK, is a small, active company founded eleven years ago in 2014. With 30 employees and £1,613,803 in assets, it operates from a real address and is managed by four directors and one owner. Its Google rating is a concerning 1.0 based on just four reviews. The company regularly imports electrical machinery and equipment – 105 months of import activity recorded, with the latest in January 2025 – but exports very little, with just one month of export activity in January 2023.

The company’s website is unavailable, making it difficult to determine the specifics of its operations beyond the import/export data. However, the company operates in the retail sale via mail order houses or via internet industries.

Financially, Ultimo Electronics Ltd’s recent performance shows some concerning trends. While current assets remain relatively stable at £1,600,000, net assets have decreased by 2.4% to £410,000. Bank borrowings have fallen by 47% to £11,000, and cash reserves have dropped 33% to £300,000. Trade debtors have increased significantly by 53% to £530,000, suggesting potential issues with customer payments. Creditors have also decreased by 10%, which is a positive sign. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it is exempt from an audit, so the figures are unaudited.

The sharp decrease in net assets, combined with the rise in trade debtors, raises questions about the company's financial health. While the decrease in bank borrowings is positive, it’s unclear whether this is a result of strategic debt management or a sign of tighter cash flow. The company’s low Google rating suggests potential customer service or product quality issues that could be impacting its revenue.

Registered in England/Wales under the registration number 08955668, with a registered address at NR6 6AQ, England, Norwich, Norfolk, Unit B, Vulcan Road North.

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