United Electrical Products Limited

United Electrical Products Ltd, based in Wolverhampton, UK, is a small, family-run holding company with an active trading status. Established 21 years ago, it employs six people and holds assets valued at £1,120,646. With three directors and three owners, the company operates a real address and maintains an e-commerce site, earning a respectable Google rating of 4.0 based on ten reviews. It’s a regular importer of electrical machinery and equipment, with 197 months of import activity recorded.

The company’s website, United Electrical Products, functions as a wholesale supplier of electrical accessories. It offers a wide range of products, including sockets, switches, heating, ventilation, and lighting solutions. The site highlights free delivery on orders over £75, a 30-day return policy, and secure payment options. Customer reviews praise the company’s product selection, competitive pricing, and helpful staff.

Financially, United Electrical Products Ltd presents a mixed picture. Cash reserves increased significantly by 97% to £340,000, a positive sign of improved liquidity. However, creditors rose by 33% to £200,000, and net assets increased by just 6% to £970,000. Bank borrowings decreased by 92%, indicating reduced reliance on external financing. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to the company’s small size.

Overall, United Electrical Products Ltd appears to be a stable, if not rapidly growing, business. The increase in cash reserves suggests a healthy financial foundation, but the rise in creditors warrants monitoring. The company’s focus on e-commerce and customer service positions it well in the competitive electrical wholesale market.

Registered in England/Wales under the registration number 05098171, with a registered address at WV13 3XA, United Kingdom, Wolverhampton, West Midlands, Unit 19, Planetary Industrial Estate Planetary Road, Wednesfield.

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