Webb & Wells Limited

Webb & Wells Ltd, a London-based company, has been a fixture in the UK electrical supply industry for 54 years. Established in 1970, this large company, currently active, employs eleven people and boasts assets of £16,592,134, generating a yearly revenue of £19,004,224. While it has a registered address, thirty-five companies share the same location, raising questions about its virtual nature. The company is overseen by four directors and has one owner, Philip John Webb. Webb & Wells specializes in importing and exporting electrical machinery and equipment, with a long history of 206 months of imports and 36 months of exports.

The company’s website reveals a focus on supplying power cords and cable harness products to the OEM market, a business they’ve been doing for nearly 50 years. They also operate a division specializing in high-end piano restoration, a surprising contrast to their core electrical supply business. The website emphasizes personal relationships with customers and prides itself on providing a local, international service.

Financially, Webb & Wells Ltd shows a mixed picture. While cash bank on hand increased by a significant 87% to £9.3 million, net assets decreased by 28% to £12 million. Turnover declined by a substantial 49% to £19 million, and net loss increased to £610,000. Creditors decreased by 42%, which could indicate improved debt management, but bank overdrafts have disappeared entirely. The company’s administrative expenses increased by a large 120%, which is a concern. Despite these challenges, the company’s continued import and export activity suggests a resilient business model. The company’s auditor, AKS Advisers Limited, has issued an unqualified opinion, indicating that the financial statements give a true and fair view. The company’s focus on family ownership and British craftsmanship, combined with its diverse business lines, positions it for continued operation, though careful management of expenses will be crucial.

Registered in England/Wales under the registration number 00989722, with a registered address at N20 9HR, London, 1341 High Road, Whetstone.

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